Ghc 200m locked up in Menzgold – Minister says to soldiers | General news



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Finance Minister Ken Ofori-Atta revealed that about 200 million Ghc had been locked up in Menzgold.

Menzgold has been described as a ponzi scheme in which several investors have had their funds frozen.

But speaking at the Burma camp on Friday, February 22, 2019 when he accompanied President Akufo-Addo, Mr. Ofori-Atta indicated the amount.

Some soldiers and police would have investments with Menzgold, whose chief executive, Nana Appiah Mensah, nicknamed NAM1, was arrested in Dubai on a questionable gold case.

In January 2019, fifty-three soldiers sued Menzgold Ghana Limited for failing to repay $ 2.5 million in investments.

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