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We have not licensed Menzgold to take deposits – BoG cautions public

A Deputy Governor of the Bank Dr. Johnson Asiamah appearing before the Public Accounts Committee (PAC) of Parliament on Tuesday August 8, 2017 noted that Ghanaians who defy this caution do that at their own risk.

This warning comes on the heels of the yet-to-be settled infamous DKM and Jesta motors financial scandals where scores of traders were defrauded in some parts of the country.

Dr. Johnson Asiamah

Dr Asiamah told the committee: “Only last week we caused a publication in the newspapers about Menzgold to the effect that we have not licensed them to accept deposits, because, to accept deposits, you will need a license from the Bank of Ghana. We have not licensed them and hence if you go ahead to do any business with them, it is at your own risk.”

He added that: “So we took the first step by notifying the public. If they ask you to give them deposit don’t do it.”


Credit: Class FM

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