According to the SEC, Menzgold was dealing in the purchase and deposit of gold collectibles from the public and issuing contracts with guaranteed returns with clients, without a valid license from the Commission. This, according to the SEC, is in contravention of “section 109 of Act 929 with consequences under section 2016 (I) of the same Act.Therefore, it ordered Menzgold to desist from its trading activities. But Nana Appiah Mensah, CEO of Menzgold and Zylofon Media, seems to be very angry with the treatment being meted out to Menzgold. Nana Appiah is decrying the situation, lamenting of being treated less of a Ghanaian. He spoke of how some of his family members played crucial roles in the struggle for Ghana’s Independence, indicating that he is a true Ghanaian who must be allowed to do his business without any form of attacks.
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