After the Securities and Exchange Commission (SEC) directed Gold trading firm Menzgold to shut down its operations, a number of personalities have publicly declared their support for the company and its owner.
The latest to join that list of personalities, supporting Nana Appiah Mensah, CEO of Menzgold, is rapper Sarkodie.
Sarkodie, who is a known friend of Mr Mensah, has vouched for his credibility. Rapper Sarkodie says Nana Appiah Mensah genuinely cares about Ghana.
In a tweet, the rapper said, “One man doing the most for our beloved country 🇬🇭🇬🇭🇬🇭 knowing him personally he genuinely cares about the country’s progress … might not know the ins and outs but one thing is for sure – the Nam1 mission is for a better Ghana 🙏🏾 Bless @mn_appiah”.
The SEC had said that Menzgold had been dealing in the purchase and deposit of gold collectables from the public and issuing contracts with guaranteed returns with clients, without a valid license from the Commission.
The business, according to SEC, is in contravention of “Section 109 of Act 929 with consequences under section 2016 (I) of the same Act.”
Meanwhile, Menzgold has urged its customers to keep calm despite the directive from the SEC.
The gold dealership expressed disappointment in the regulator for leaking to the public, its directive to the company in spite of their cooperation and submission to investigations into their business.
Actress Benedicta Gafah, in a video, assured all customers of Menzgold to remain calm. She noted that their gold deposit is safe.