Assin Central lawmaker Kennedy Agyapong has posed a direct question to a woman – who recently made a desperate call on President Nana Akufo-Addo to intervene in the Menzgold imbroglio – whether she shared the profits she made from the same investment, during the good times, with the president, for which reason she now desires his intervention to recover her GHS760,000 locked-up capital.

“I heard a woman say she invested GHS760,000 at Menzgold and voted for Nana Akufo-Addo while she was pregnant and, so, President Akufo-Addo should intervene so that she can get her investment back from Menzgold.

“Did you share the Menzgold profits you enjoyed with Akufo-Addo when things were hunky-dory?” Mr. Agyapong asked.

He continued: “Sometimes people behave in very perplexing ways in this country”, explaining that: “Whenever people’s greed for money backfires, then they turn their guns on the politician”, adding: “It’s not proper”.

“There’s no law that says Akufo-Addo can use force to reclaim your locked-up investments”, he said while speaking about a totally separate issue involving a pastor who is alleged to be scamming his constituents at Assin Fosu.

“Unless you take him [Nana Appiah Mensah, CEO of Menzgold] to court, you won’t have your investment back”, he advised the estimated 1.8 million clients whose deposits have been locked up with the company since August 2018 when the Securities and Exchange Commission (SEC) ordered the investment firm to halt its operations over regulatory infractions.



Prior to that, the Bank of Ghana and the SEC has issued several warnings to the public to desist from doing business with Menzgold, since, according to the regulators, the company was not licensed for deposit-taking.

Just last week, some of the investors thronged the Dzorwulu office of Menzgold to demonstrate as part of measures to pile pressure on the government to intervene on their behalf.

It was during that demonstration that this desperate mother-of-three warned that people will die in Ghana if the president does not speak on the matter.

“If the president doesn’t speak concerning this issue, we are going to die. The president has to talk. He has to say something. Do something about the situation. Not for them to protect this man [Nana Appiah Mensah]. We need our monies. My money alone is 7.6 billion old currency [GHS760,000]. I cannot leave that money for this man [Nana Appiah Mensah] to spend it."

“I have three kids that I have to take care of. What about their fees? Is my children’s future going to be at waste just because of this man [Nana Appiah Mensah]? How come? They should have done something from the beginning. “We wouldn’t have gone in by now, so, we need them to speak and do something about it."

“The president should come out because I voted for him. When I was pregnant, I voted for that man and he has to speak. If he doesn’t speak, concerning this issue, what will happen in Ghana here, it will not contain all of us”.