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Breaking News; Menzgold Sues BoG, SEC


Gold dealing company, Menzgold, has sued the Securities and Exchange Commission (SEC) and the Bank of Ghana.

Menzgold is seeking order from The High Court Of Justice to halt these two state institutions from interfering in its business and operations.

The gold dealers in a suit filed, Thursday, September 27, 2018 with a copy forwarded to is asking the court to slap aggravated damages on the two institutions.

The gold hub company is also asking the court to stop the BoG and the SEC from further publishing what it described as “derogatory notices” against its business.

The suit said that Menzgold is demanding “an order of perpetual injunction to restrain the first and second defendant it offices, servants and agents from interfering with the paintif business activities or further acts of disobedience and non-compliance with law by publishing any such derogatory notices.”

The gold firm owned by Nana Appiah Mensah has been in the news lately for what the Bank of Ghana cautioned the general public not to deposit money at the firm.

Menzgold also wants the two institutions to publish an unqualified retraction and apology for the notices they published against the gold dealership company.

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