Chief Executive Officer of gold dealership firm, Menzgold Ghana Limited, Nana Appiah Mensah (NAM1) at a press conference after he was released from police custody is demanding three things from the government on the way forward in dealing with clients of the beleaguered gold dealing firm as well as operation of the company.
1. TO ASSIST MENZGOLD MAKE FULL RECOVERY OF THE MONEY OWNED US BY THE HORIZON ROYAL DIAMOND IN DUBAI.
2. TO UNFREEZE OUR COMPANIES AND MY BANK ACCOUNTS AND ASSETS.
3. TO GIVE DIRECTION AS TO WICH GOVERNMENT AGENCY HAS JURISDICTION TO REGULATE THE ACTIVITIES OF GOLD COLLECTIBLES TRADE-IN GHANA.
He said: "I'm very happy to be here today, it feels really good to be
Even though I'm receiving medical treatment, that is swellings etc...due to my well-publicized detention in Dubai, I seek to address the general public.
As to whether or not our operations at Menzgold is a Ponzi scheme, we pray the just Ghanaian courts to answer these questions.
With the cease from SEC, we had to meet the payment obligations of customers. I embarked on debt recovery overseas. I was framed by Horizon Royal Diamond on my arrival in Dubai with a bogus claim.
We are open to fair supervision and are opposed to no supervision or supervision with malicious intent
I do not doubt in my mind that our company is on the path to greatness and global prominence.
To the staff body of all our companies, I encourage you to stand strong.
To our Menzgold customers, please remember that your patience and support for us is not an entitlement but something we earned working with you over the years"
The media were given the platform to ask questions as everybody was expected.
Media: You set out 3 conditions to the state, one of which is for your assets to be unfrozen. What happens to your customers if the government doesn't meet these 3 demands?
Nana Appiah Mensah: I am confident in this government that they will consider and grant it. We have a difficulty now because I am in court for money laundering and so if I have any money anywhere, I will have to go through procedures with the Central Bank and anything other than that will give credence to the money laundering charges leveled against me.
I am not too worried about the assets, but we cannot make any payments to our customers and business associates if especially our Bank Accounts are frozen. We are lying prostrate to the Ghana government to unfreeze it.
He cleared out about him not having a license to trade by saying,
"We own a Minerals Commission's license to trade gold. We saw a huge market gap. We buy gold 7.75grams at ₵1200 (₵1500) including manufacturing price. But we were selling 1 at ₵2000 and we pay our broker Brews Consult 3% (that's how we make our profit)".
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