Some concerned youth in Kasoa called “The Coalition of Concerned Youth of Ghana” has hit the streets to demonstrate against the directive from the Securities and Exchanges Committee ordering the Nana Appiah Mensah owned Menzgold to shut down one of its products with the #IstandWithMenzgold.
The youth in Kasoa in the Central Region said, H.E Nana Addo Dankwah Akufo Addo, the Bank of Ghana and some heads of state institutions are deliberating collapsing local businesses including NAM1’s Menzgold.
The youth, who were very angry expressed that, Ghanaians including state heads are found of killing local businesses created by individuals from Ghana specially the youth but embrace foreign companies who come in to pay less taxs.
Days ago, Sarkodie, Benedicta Gafah, Becca, Stonebwoy, BullDog, Shatta Wale and other people in the Entertainment industries expressed that, government should help MenzGold to run effectively in Ghana with no PhDs.
Management of Menzgold has announced Thursday morning that it has temporarily halted its collectables and any new business related to its gold vault market with immediate effect.
According to the company, the halt of what is also called extra value payments takes effect from today Thursday, September 13 and will be in place for six days, “by which time we believe all pending issues related to the Gold Vault Market Product would have been ironed out.”
The company is hopeful the halt would not go beyond September 19, 2018.