Finance Minister, Ken Ofori-Atta has hinted that the Bureau of National Investigations (BNI) will soon apprehend the President of Menzgold, Nana Appiah Mensah over the Menzgold saga.
Nana Appiah Mensah, popularly called NAM 1, who founded the gold firm to trade in gold collectibles by awarding 10 percent of interest to the company’s customers investing their golds in the firm.
The Bank of Ghana and the Security and Exchanges Commission (SEC) have warned Ghanaians not to trade with Menzgold, revealing that it is unlicensed and the business is shady which needs urgent attention of the regulators.
Recently, Nana Appiah Mensah in an interview with Zylofon FM, assured the customers that the company will protect and pay up their dividends.
He also asked the regulators to “correct” them as they are ready to cooperate with SEC to put things right.
Speaking in an exclusive interview with host Kwami Sefa Kayi on Peace FM’s “Kokrokoo” Friday morning on the 2019 Budget statement, Ken Ofori-Atta did not sapre customers of Menzgold saying they were spurred on by “greed”, therefore ignored all signs which pointed out that the gold firm transactions were ridiculous.
“Our own greed led us to it. If you take a critical look at the international gold prices which go up by 1 or 2 percent a year and somebody says he will give you 10% and it’s also unlicensed; it’s difficult to understand. But it’s not only illiterate people who invested but the elite too, people from the Bank of Ghana, Ministry of Finance and the Police among others. Sometimes, you wonder how all these many Christians in the country would make such decisions to invest their money in this shoddy business”, he stated.
To him, the customers should have known better and with a little hesitation would have saved their monies.
However, all hope is not yet lost as the Finance Minister disclosed that they will ensure Nana Appiah Mensah “grabbed” faces prosecution.
“The last time I checked, he had a certain plane and is off to Italy but we'll make sure we grab him. So, the National Security is working on it”.
Source: Ameyaw Adu Gyamfi/Peacefmonline.com/Ghana
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im highly disappointed in Ken ofori Atta,As a minister you don't spoil businesses instead you make businesses grow with time.i don't see your interest in menzgold operations.i thought menzgold is already in court with security and exchange commission.
They should do same to Supabets Operators.
I respect Ken but some issues should not be made public.
Eeii........So Ken Ofori Atta is directing BNI to arrest NAM1? Politicians, be careful will the small power that Ghanaians entrust you with because the day Ghanaians take away that power, you will become very, very miserable. ‘Power corrupts and absolute power corrupts absolutely.’
Mr Minister. WILL YOU CONTINUE TO HAVE POWER
It is now clear that it is Ken Ofori Atta who is working behind the scenes to collapse MenzGold in order to bring his DATA bank into the limelight.
All those always saying that the government should sit with menzgold to help nurture or streamline their business are very ***barred word***.. When did it become the duty of a government to nurture or help grow businesses especially in the private sector. A business which has continually flouted their directives to get the required operational documensts or to be regulated?? And why do people still compare menzgold to a financial institution when they themselves have come out to say they aren’t a banking or a deposit taking institution?? Have they given out loans to people or businesses?? Or they gave out loans to people who are now defaulting?? If you claim you do trading just like any normal petty trading it’s either you have stock or capital, so return their cash or their gold to them since that’s what they claim they brought to you to be traded on their behalf. I am so surprised some people are still associating this whole thing to a political witch hunt and still seeing this menzgold thing as genuine. No wonder these very people are dumb enough to be using “greediness” instead of “greed”. They claim they are migrating people online for a 5% fee which cannot be taken from an investors invested principal but out to be payed to them in cash, really??? This guy and his company are there taking Ghanaians for bulls and some of you still sit behind and talk ***barred word***, smh. From some of these comments here I am 100% confident some ***barred word*** Ghanaians will still fall for similar schemes should they crop up. Well it’s good to learn the hard way.
Sethooo think before you write.
I hope those commenting here will be ready to defend the guy when te law catches up with him? if not then they should sh*ut up with their long essays which are going no where! NAM1 made a mistake by employing Bull dog and all those sh*it who talk like they have power! look those days are gone when even John mahama could be president when Ibn Chambers is left to rot, kritical thinkers in the ndc were ignored while movie stars were chosen! somebody tell that Bulldog he has hurt NAM1 with his f000*lish rantings! it was ubsurd to be fighting with the law instead of obeying it. I feel sorry for the young guy who started life with no hope in infancy and rose to be who he is today! People must be careful associating with John mahama fanatics since they have no sense and wisdom to give good advise!
Hello Mr Ken Ofori-Atta. The greediest thing that ever happened to Ghanaians is the insulting and GREEDY interest rates the banks created by you and your government are offering Ghanaians.