Menzgold Company Limited has been operating legally in Ghana with the required license to trade in gold, the company’s lawyer Kwame Akuffo has revealed in an interview at a radio station in Accra.
The lawyer for Menzgold, in an interview on Joy FM, said they have always been on the right side of the law as they have met all the conditions to operate legally in the country contrary to the claims of the Managing Director of the PMMC.
Counsel Akuffo revealed that the Menzgold has acquired all the necessary paperwork to enable it to carry out its operations, insisting its license has never been revoked.
The gold trading company has been forced to come out in defense of its operations after the Precious Minerals Marketing Company (PMMC) Managing Director, Kwadwo Opare Hammond claimed on Wednesday that the body has revoked the license of Menzgold Ghana Ltd.
But Menzgold argued that following the decision of BoG to withdraw the license of PMMC last year they have acquired their operation license through the Minerals Commission.
Menzgold revealed that they have consistently relied on the PMMC for their license until the latter’s mandate was withdrawn following complaints from the Gold Traders Associations over the conduct of some of the leadership of the PMMC.