Video: Nam1 mocks BoG after BoG issued a public sanction

Nam1, BoG

The CEO of Menzgold, Nana Appiah Mensah aka Nam1 is taking on the gigantic Bank of Ghana (BOG) again but in a comedy form.

The Bank of Ghana (BoG) has 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.

The BoG, in a public notice signed by Mrs Caroline Otoo, Secretary to Governor Dr Ernest Addison, said in spite of several of cautions to Menzgold Ghana Company Limited to desist from the act, it persists in its deposit-taking activity in breach of section 6(1) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930).

The Central Bank has cautioned the general public that anyone who transacts “any of the above-mentioned businesses with Menzgold Ghana Company Limited does so at his or her own risk,” and the Bank of Ghana will not be liable in the event of loss of investments of deposits.

Nana Appiah Mensah, owner of the gold-buying firm, has denied on a number of occasions that his company takes deposits. In a tweet from the original social media handle of the multi-award entrepreneur, Nam1 asked Bank of Ghana to tell Ghanaians how the 5 banks collapsed.

TODAY’S JOKE: Bank of Ghana, so now you dey do propaganda?😀😀😀 I beg paa “Tell Ghanaians exactly what happened with the 5 or so collapsed banks you duly LICENSED & SUPERVISED for years. Please don’t attempt to use our dear Menzgold to cover up😎. I beg make we think!

In the past, the BOG has launched several attacks at the Menzgold. Their problem is that the company is operating in the financial sector without the necessary licences and permits.

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