Tag: Menzgold
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BoG advised me to streamline Menzgold operations – NAM 1
Nana Appiah Mensah, the founder of the defunct Menzgold company, who is on trial for allegedly defrauding over 16,000 people of GH¢1.6 billion, has denied circumventing the laws of Ghana to operate an illegal gold deposit-taking business. His lawyer, Kwame Akuffo, told the High Court on Tuesday, September 19, that Appiah Mensah popularly known as…
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Menzgold CEO NAM 1 granted GH¢500m bail
The CEO of defunct Menzgold Ghana Limited, Nana Appiah Mensah, has been granted bail to the tune of GH¢500 million with four sureties, none to be justified. He has also been directed to deposit his passport at the court registry as part of the bail conditions. This follows his plea of not guilty to 39…
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Menzgold customers appeal to Akufo-Addo for financial bailout
The Coalition of Aggrieved Customers of Menzgold (CACM) has appealed to President Nana Akufo-Addo to provide them with a financial bailout as they await the court hearing of the chief executive officer of the defunct gold trading company, Nana Appiah Mensah, on September 19, 2023. The group has already revealed its intention to hold a…
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Attorney General assures Menzgold customers of Justice
The Attorney General, Godfred Yeboah Dame, has assured customers of the defunct gold trading company, Menzgold Ghana Limited, of justice. This follows the filing of a new charge sheet at the High Court, where the CEO of Menzgold, Nana Appiah Mensah, has been charged with 39 counts of defrauding by false pretense, engaging in gold…
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Menzgold to pay customers after completion of validation exercise
Defunct gold trading company, Menzgold has announced that it has successfully completed the transaction validation process assuring to make payments to its customers soon. This was contained in a statement issued by the management of Menzgold dated July 29. “Following the gold trading transactions claims supporting documents collection and vetting exercise initiated; we are happy…
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Aggrieved Menzgold customers demand action from Parliament
The Coalition of Aggrieved Customers of Menzgold (CACM) has urged the Speaker of Parliament to admit, move, and deliberate the motion filed on their behalf before the next mid-year budget is presented on July 27, 2023. The coalition said that members of Parliament have not been able to bring the issue to the fore and…
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Kwabena Adu Koranteng Writes : Proliferation of Unlicensed Investment Schemes- A National Security Threat
It is interesting to note that after the emergence and collapse of the infamous MENZGOLD investments schemes, several other unlicensed investment schemes have emerged and are still mushrooming with the latest one being Sidicoin. The Bank of Ghana has sent a stern warning to the general public and registered its displeasure about the operations of…
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Menzgold customers seek Parliament’s intervention to retrieve locked up funds
Customers of the defunct gold dealership firm, Menzgold Company Limited, are calling on Parliament to investigate the closure of the company three years after its collapse. They also want a probe into circumstances leading to the supposed disappearance of some 400 kilograms of gold bars during the Economic and Organized Crime Office’s (EOCO) closure of…
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Publish names of customers you have paid – Menzgold customers to NAM1
Aggrieved Customers of Menzgold Ghana Limited are demanding a publication of the names of customers supposedly paid by the struggling firm. This follows a claim by the embattled CEO of the company, Nana Appiah Mensah to the effect that, some payments to the tune of GHC 9.6 million have been made to customers. At a…
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Frustrated Menzgold customers to petition international community over locked up funds
The Coalition of Aggrieved Customers of Menzgold has reiterated its intention to appeal to the international community to help with the retrieval of their locked up investment. The company since its collapse in 2018 following a suspension order from the Securities and Exchange Commission, has been struggling to refund monies invested by its customers. A…