GHC200m locked up in Menzgold


Official records appear no less than 200 million cedis have been secured up Menzgold, a speculation firm presently expelled as a Ponzi conspire.

The Finance serves Ken Ofori-Atta uncovered this amid a durbar with armed force officers in which the President, Nana Akufo-Addo, was available.

The data, which was in light of an inquiry, uncover out of the blue the degree of misfortune Menzgold clients have been presented to after an undisclosed number of them got tied up with their business pitch of paying 7% to 10% profits for exceptional gold collectibles purchased and stored with the organization.

The inquiry from a military officer additionally opens the cover on the dimension of the contribution of security officers in the business that is acceptable to have pulled in a wide range of Ghanaians including religious pioneers.

As of now 53 fighters, in January 2019, have sued Menzgold Ghana Limited, for neglecting to pay back ¢2.5 million in ventures.

The organization started disintegrating in September 2019 after the Securities and Exchange Commission requested it to close down its “gold” dealership activities.

The CEO of Menzgold Nana Appiah Mensah fled to the United Arab Emirates however has been captured by Dubai experts and is standing preliminary for business gone bad.


The Finance Minister, who has called some Menzgold customers avaricious, showed the government is exchanging resources having a place with Nana Appiah Mensah to satisfy customers.

The President, Nana Akufo-Addo, at the durbar, rehashed his recommendation to Ghanaians to be careful when putting resources into organizations particularly when controllers had cautioned against doing as such just like the instance of Menzgold.

This is the second day consecutively the President has addressed the Menzgold issue after a long quiet. He ended this quiet Thursday amid his introduction of the State of the Nation Address in Parliament.

While he conveyed his location, Menzgold customers had picketed at Parliament as they proceeded with their supported technique of showings.


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