The Management of Menzgold Ghana Limited has in a press statement called on the attention of its stakeholders to desist from information released through various social media platforms concerning a discussion it had with the Securities and Exchange Commission.

According to the statement which went viral earlier, the SEC had stated that Menzgold Ghana should suspend trading without license.

In the statement released by the organization however, has "availed itself to all relevant State institutions for various consultations and dialogues designed to arrive at a productive and sustainable resolution".

It further stated, "

One of such organizations is the Securities and Exchange Commission with whom we have been hopeful of arriving at a cordial resolution to all matters if any, then we submit to its standards if we must.

This needless leak believed to be coming from the Securities and Exchange Commission is, to say the least, in very bad faith and distasteful, as it defeats our confidence in the body and an affront to cooperation. We totally condemn it!".

Below is the full statement...

PRESS RELEASE

MENZGOLD IS OPEN FOR BUSINESS

The management of Menzgold Ghana finds it very unfortunate that a letter relating to business discussion between the organization and the Securities and Exchange Commission has found its way to the public.

Menzgold in the wake of the Bank of Ghana warning the public to desist from doing business with the organization availed itself to all relevant State institutions for various consultations and dialogues designed to arrive at a productive and sustainable resolution.

One of such organizations is the Securities and Exchange Commission with whom we have been hopeful of arriving at a cordial resolution to all matters if any, then we submit to its standards if we must.

This needless leak believed to be coming from the Securities and Exchange Commission is, to say the least, in very bad faith and distasteful, as it defeats our confidence in the body and an affront to cooperation. We totally condemn it!

As a law abiding organization, we have referred the matter to our lawyers and rest assured, the right action shall be taken.

We hereby assure all our cherished customers that neither Menzgold as a business entity nor any of its products has been shut down.

We urge for calm as we deal with this matter to its logical conclusion.

Your gold trades are very safe and business is proceeding as usual.

Signed

Management

MENZGOLD GHANA