Brong Ahafo Regional Youth Organizer of the opposition National Democratic Congress (NDC), Efo Worlanyo Tsekpo has charged President Akufo-Addo to speak to the issue of Menzgold because Ghanaians are dying.
He said President Akufo-Addo massively endorsed the business ventures of Nana Appiah Mensah.
Menzgold has been in the news in recent months following disagreements with the Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) regarding its operations.
Consequently, the company has halted its collectibles and all other new businesses related to its gold vault market, although it claims the move is temporary.
On Tuesday, there were fresh demonstrations in the Ashanti region, as some aggrieved customers of Menzgold hit the streets to register their displeasure.
Meanwhile, the demonstrating customers have pleaded with the government to intervene to get Menzgold to refund their investments.
But in a statement signed the NDC’s Youth Organiser and copied to the media indicated 1.8 million Ghanaians invested their monies Menzgold because President Akufo-Addo fully endorsed it.
“Over 1.8 million Ghanaians invested in this scam business because of the massive endorsement by the President of the Republic. I remember the President saying NAM1 is one of the most successful business men in Ghana today. A statement which is an endorsement by the most powerful person in Ghana all because of the $20million campaign donations he received from NAM1 two months to the 2016 general elections”, he claimed.
He, therefore, urged President Akufo-Addo to remember that this Menzgold Saga is a national disaster and he wondered why President Akufo-Addo praised the CEO of Menzgold.
The President should remember, this Menzgold saga is also a national disaster and the worse part is that people invested because of his endorsement of Menzgold as the best place to invest and praising the CEO as the young entrepreneur the Youths of our great nation should look up to.
He charged “Speak up Mr President! People are dying because of your endorsement!”.
Below is the full statement
GABBY OKYERE DAKO IS A FOUNDING MEMBER OF MENZGOLD AND HAS 26% SHARES
I share the pain of Menzgold customers whose monies got locked up in with the financial fraudsters who have duped over 1.8 million Ghanaians of their 400 milion dollars because of our President’s endorsement.
I feel their pain because three years ago my capital was locked up with care for humanity and Perfect Edge who promised us 70% interest in Brong Ahafo Region.
Brong Ahafo and the three Northern Regions became a mourning zone which led to the death of over 40 people.
We were comforted with the words of Nana Akufo-Addo that he will make full payment of our investments when elected as President because the issue has to be treated as National Disaster.
Brong Ahafo voted massively for the NPP but we realized those involved in this scam like Alex Gyan the DCE for Kintampo North who was the General Manager of God is Love for the southern zone were rather given juicy appointments by Nana Addo and the Npp instead of prosecuting them.
We found out that some of the workers of God is love and DKM were we moved to work with Menzgold after government promised Justice for the customers.
Today the Finance Minister said they have paid 90% of the customers, a lie that surprised the devil himself. Thank God the customers are liaising their boots to demonstrate to government that he has lied to the people of Brong Ahafo region.
Today our situation in Brong Ahafo is not different from Menzgold. Over 1.8 million Ghanaians invested in this scam business because of the massive endorsement by the President of the Republic. I remember the President saying NAM1 is one of the most successful business men in Ghana today. A statement which is an endorsement by the most powerful person in Ghana all because of the $20 million campaign donations he received from NAM1 two months to the 2016 general elections.
Today the 1.8 million Ghanaians are crying for their invested $400 million and all our Finance Minister could say is that the investors are very greedy and selfish and deserve what happened to them.
Today we are surprised our President who was so passionate and caring in 2016 with the God is love and DKM saga has now become deaf and dumb in the country.
Today a staff of Menzgold revealed that government is quite on the issue because Gabby Okyere Dako who is a defacto Prime Minister of Ghana has 26% shares with Menzgold.
According to the Menzgold staff, this is an open secret to all those closer to the company.
No wonder government has not been able to arrest any of the Menzgold staff till date while the customers kept on going through hell.
Today the fraud guy NAN1’s house and properties are being protected by National Security because of the huge investments of Gabby Okyere Darko in the company.
Troubled gold-trading firm, Menzgold Ghana Limited, has said its entire clientele base is about 60,000 and not 1.8 million as claimed by Ms Amanda Clinton, the lawyer for some of its aggrieved clients.
Ms Clinton had said the company also held up to $200 million of its clients’ investments within its five years of operation.
However, the acting Communication Director of Menzgold, Nii Armah Amarteifio told Class91.3FM’s mid-day news, 12 Live on Wednesday, 9 January 2019 that: “It’s not true that we have a clientele base of 1.8 million”, adding: “I don’t know where she got that figure from”.
“I had corrected that figure on my Facebook wall and on all the interviews I have granted on the various media platforms. I have said that our clientele base is around 60,000 or so.
“And even as I speak to you now, you know we started the 15 per cent to 100 per cent payment. Some of the customers, as far as I know, have been given their full payment, 100 per cent has been given to them, so, the number of customers we have has even diminished at this point in time, so, I don’t even know where she got that number from that we have 1.8 million customers. I don’t know where she got that from.
“And that $200 million that she is also bandying around that it’s the amount of investment that the company holds, I really don’t know where she got that from. Maybe she could be of help by providing better and further particulars, then we can now peruse to be sure whether what she is saying is true or not”, Mr Amarteifio said.
Menzgold has been struggling to pay its customers after it was asked to stop operation its gold vault market by the Securities and Exchange Commission (SEC) over regulatory infractions.
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