My assets exceed my liabilities, gov’t should clear me to come to Ghana and I will pay all customers-NAM1

Embattled Chief Executive Officer of distressed gold trading firm, Menzgold, Nana Appiah Mensah has said his assets far more exceeds his liabilities and that he is more than willing to come to Ghana and pay all customers should government clear him to return home from Dubai where he has been held in detention for some […]

Details: Finance Minister meet soldiers, explains how government plans to pay Menzgold customers

The clients of Menzgold Ghana Limited have been handed a lifeline in their quest to recoup their deposits from the troubled gold dealership firm. The Minister of Finance, Mr Ken Ofori-Atta during an interaction with officers of the Ghana Armed Forces (GAF) at the Burma Camp in Accra on Friday, February 22, assured the officers that the assets of Menzgold CEO, […]

As we work to resolve Menzgold saga, Ghanaians must draw lessons from it-President Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has admonished the generality of the Ghanaian people to draw useful lessons from the Menzgold saga and be guided by the experience they have been through in their dealings with the now distressed company. According to him, Ghanaians must take admonishing and advise from state institutions seriously and must not […]

You refused to pay tax on your profits, so don’t expect a bail-out with tax payer’s money-Prof. Adei to Menzgold customers

Economist Professor Stephen Adei has described Menzgold Ghana Limited’s gold vault market as a Ponzi scheme which should not have been patronised by Ghanaians. The Securities and Exchange Commission (SEC) directed Menzgold to shut down its investment operations on 12 September 2018 for contravening the Securities Industry Act, 2016 (Act 929). The SEC order also […]