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 […]
Tag: Menzgold
UK regulators serve notice to dissolve Menzgold England
The Registrar of Companies in the United Kingdom has served notice of a possible dissolution of Menzgold England. The Registrar said in the notice that “unless cause is shown to the contrary, at the expiration of 2 months from the above date [12/02/19] the name of Menzgold England Limited will be struck off the register […]
Jesus Christ is the same yesterday, today and forever-NAM 1 thanks God for victory in Dubai
Menzgold Chief Executive, Nana Appiah Mensah, has expressed his gratitude to God hours after he was acquitted and discharged in Dubai over his court case. He wrote on Instagram Tuesday “Jesus Christ is the same yesterday, Today and forever”. Charged with fraud over the gold deal worth $23million with a UAE company based in Dubai, […]
Over 6,000 aggrieved Menzgold customers to begin series of demonstrations from April 2
The Coalition of Aggrieved Customers of Menzgold Ghana Limited will from April 2 begin a series of demonstrations to demand their principal investments which are locked up with the embattled gold dealership firm. The CACM in a statement issued on March 27 say its membership of close to 6,000 people will embark on continuous picketing […]
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 […]
We won’t go to court, but gov’t must pay us-Coalition of Aggrieved Menzgold Customers
The Coalition of Aggrieved Menzgold Customers have served notices that they will not go to court to seek legal redress in their quest to recoup their investments from the distressed company. In a press conference addressed by their leadership and supported by politician Jacob Osei Yeboah, who is also the founder of Congress of Youth […]
Zylofon Fm and TV suspend operations following EOCO/High Court asset Freeze order
The Management of Zylofon Media, operators of Zylofon Fm and TV have served notice the stations will suspend operations from today, Wednesday January 30, 2019. The move according to a statement issued by the company is in compliance with the directive by the Economic and Organised Office and an Accra High Court ordering the free […]
EOCO solicits public support for information on NAM1 properties
The Economic and Organised Crime Office (EOCO) is pleading with the general public to help volunteer information on the properties of distressed Gold trading firm Menzgold and its embattled Chief Executive Officer Nana Appiah Mensah. The Office says it has officially secured a court order to freeze all landed properties and vehicles of the Gold […]
Ghana is not bankrupt, gov’t must pay Menzgold customers-Alban Bagbin
Opposition National Democratic Congress (NDC) presidential aspirant hopeful, Alban Sumana Kingsford Bagbin has said government has no reason not cough out money from the public purse to pay customers of distressed gold trading firm, Menzgold. According to him, Ghana is not bankrupt and that Government must look for money to pay the customers, just like […]
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 […]
Details: why government did not intervene in the looming Menzgold crisis-ASEPA
Now that we have finished mourning Ahmed (as a Moslem) and the CID have commenced investigations into his gruesome murder, Let’s come BACK to MENZGOLD! Yes MENZGOLD, it is the singular most complex and biggest Ponzi scheme to rock this country (and it seem to have enjoyed some form government’s complicity). For the NPP government […]