Bank of Ghana alerted the public via a publication in national dailies, to be wary of activities of the companies of one of its wealthy enterprenuers, Nana Appiah Mensah warning that “anyone who transacts business with the company is doing so at his or her own risk”.
According to reports, Nana and his team have already committed huge funds to announce their arrival in Nigeria with the launch of 2 of his businesses, MenzGold and Zylofon Group with a concert in Lagos on August 24.
The Bank of Ghana in the notice also hinted of impending sanctions, saying after several cautions to MenzGold, it has started discussions with relevant regulatory authorities to sanction them for breaching the law.
However, in a response to the BoG notice, Mensah branded the central bank a joke for attempting to use his business as a cover-up for the collapse of banks in the country.
And few days ago, the news that the country’s anti-corruption agency is going after Nana over the activities of MenzGold hit the front pages of National newspapers in Ghana as the EOCO (Ghana’s version of Nigeria’s EFCC) has invited Nana for questioning over the activities of his company.