Shocking details are now emerging on how former Ghana Football Association President, Kwesi Nyantakyi arranged for Nana Appiah Mensah of Menzgold to meet President Akufo-Addo as part of Zylofon Cash sponsorship of the Ghana Premier League, MyNewsGh.com can report.

In the wake of the collapse of Menzgold, many Ghanaians are raising questions about how NAM1 had the privilege of meeting the President. Some customers of Menzgold have also drawn a connection between a cousin of Akufo-Addo, Lawyer Kwame Akufo being the counsel of Nana Appiah Mensah and the President’s silence.

MyNewsGh.com has now confirmed that embattled boss of Menzgold and Zylofon cash who had an unwritten agreement with former Ghana Football Association President Kwesi Nyantakyi to arrange for him to meet the President as part of the league sponsorship deal.

The unwritten details of the deal which required Zylofon Cash to pump $10million into the Ghana League for the next 5 years also required Kwesi Nyantakyi, then FA President to opens doors for the Menzgold boss to meet some personalities including the President of Ghana, the FIFA President among many others to bolster his (NAM 1’s) public image.

Consequently, the Ghana Football Association seven months ago sealed the mega five-year sponsorship deal with Zylofon Cash to become the headline sponsor of the Ghana Premier League.

The mouth-watering deal was signed in Accra with Nana Appiah Mensah, Chief Executive Officer of Zylofon in attendance. He described the decision to sponsor the league as “patriotic and mutually beneficial journey”.

“Zylofon Media has proudly taken the decision to be the headline sponsor of the Ghana Premier League for the next five years”, he declared

“We are eternally grateful to the Chief Executive of Zylofon Group, Nana Appiah Mensah and his team for their decision to invest in the Ghana Premier League and Ghana football.” Kwesi Nyantakyi had said.

Nyantakyi successfully facilitated the meeting with the President which saw the Menzgold boss take good pictures for social media.

Otumfuo, Chief Imam, and JAK endorsement’

While the visit to Akufo-Addo and pictures did not constitute an official endorsement of Menzgold from the Presidency, only Nana Appiah Mensah knew what he was up to.

Already, some aggrieved customers of the ‘Ponzi’ Gold-Trading hub Menzgold have are accusing President Nana Addo Danquah Akufo-Addo, His Majesty Otumfuo Osei-Tutu II, Asantehene, His Eminence Sheikh Osmanu Nuhu Sharubutu, National Chief Imam of Ghana and former President John Kufuor of being indirect accomplices of the Menzgold ‘scam’ as MyNewsGh.com reported last week.



The angry Menzgold customers are saying they were pushed to trust the gold dealership because of what they saw as an “endorsement” Nana Appiah Mensah got from these four powerful personalities in Ghana.

“For a man who had unexplained wealth, it was such meetings that were going to gain him legitimacy and acceptance and the President certainly contributed to giving a potential fraudster the legitimacy he needed.” one of them wailed.

“I have personally heard accounts of Menzgold clients who say the photo of NAM1 with the President convinced them that the business was genuine and that made them invest in it. And, can you really blame them when the NAM1 being condemned as a fraudster now was given access to the father of the land? ” a concerned Ghanaian, N.Y Obuoba wrote.

On President Kufuor’s part, JAK is alleged to have praised Menzgold when the dubious gold trading company gave him a customized gold monument medals with an engraved image of him on it during the launch of the three-day Art Festival at the Golden Tulip Hotel, Accra, on 1st June 2018.



The former president Kufuor even endorsed the creation of several of the Customized gold monument medals to be auctioned to raise funds for his 80 at 80 project (JAK foundation). The JAK foundation has gone quiet since the shutdown of Menzgold.

The Chief Imam and Otumfuo were believed to have hosted NAM 1 and received some support from him.