Popular Radio and Television personality, George Quaye has been appointed as the new public relations officer of Menzgold Ghana Limited.

The appointment which has not been made public yet comes at the back of the recent issues surrounding the operations of the Nana Appiah Mensah owned gold investment company.

George Quaye has been the Head of Communication at Charter House, was heard executing his first official duty for the gold dealing firm on Accra-based Joy FM when the station was discussing the issues surrounding Bank of Ghana and Menzgold Ghana this week.

Together with Iyiola Ayoade, Apefa Nfojoh and Nii Ayite Hammond, George practically created the concept for ‘The Pundits’ and he’s been the main host since 2012 until his resignation last in April this year.

George who has had a stint in acting won RTP ‘Male Entertainment Show Host of the Year’ 3 times – 2013, 2014 and 2016 – an unprecedented feat by any entertainment male host since the inception of the awards.

The Bank of Ghana (BoG) on Tuesday, August 7, 2018 issued a public notice that it is in discussions with relevant regulatory authorities to sanction Menzgold Company Limited for engaging in “solicitation, receipt of money or investment and the payment of dividends or returns to its clients” without a licence to do so.

In reaction to that, Menzgold in a statement on Tuesday said “we hereby state emphatically that we DO NOT accept deposits from customers or carry on a deposit taking business in Ghana. Our activities are not within the scope of the Banks and Specialized Deposit-Taking Institutions, Act, 2016, Act 930. It therefore CANNOT be said that we are in breach of the Act.

“The activities of Menzgold Ghana Limited is restricted to allowing customers to purchase gold or deal in gold as an alternative investment. The Bank of Ghana is clearly aware that these activities are outside the scope of The Banks and Specialized Deposit-Taking Institutions, Act, 2016, Act 930.

“Menzgold Ghana finds it unfortunate and disparaging that the Bank of Ghana, with whom we have had a number of engagements over the years and taken them through our business procedures would still issue such a statement. Unfortunate and insensitive as the statement may be, we are resolved and even keener to continue to deliver the best of service to our customers in Ghana and beyond.

“Management assures the general public that doing business with Menzgold is safe. The Company is growing in strength and expanding with offices recently opened in United Kingdom, Spain and soon in Nigeria. Our doors as always are open to the Bank of Ghana and any other organization that would want to seek clarity on our business.

“That said, it is imperative that Government and other State Intuitions support indigenous business initiatives to thrive in this economy while putting in the correct supervisory mechanisms to ensure that they operate within the remits of the law. We pray that authorities will show more interest in building, nurturing and supporting business growth in an enabling atmosphere as anything to the contrary could be detrimental to the economy of the Nation.”

Meanwhile, Nana Appiah Mensah is reportedly scheduled to meet officials of the Economic and Organized Crime Office (EOCO) on Friday, August 17.