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Menzgold saga: I don’t own anything in Ghana, not even a car – Nana Appiah Mensah
In the ongoing Menzgold controversy, where victims are relentlessly seeking justice for their vanished investments, the Chief Executive Officer has portrayed himself as the foremost casualty of the entire debacle.
As the demands for accountability persist, Nana Appiah Mensah also known as NAM 1, has admitted to being the one bearing the brunt of the crisis’ fallout.
NAM 1’s assertion stems from the personal losses he claims to have incurred due to the downfall of Menzgold.
He emphasized that the company’s collapse has left him bereft of all possessions.
In the heated conversation on social media, he declared that “If you want to crown the biggest loser in all of this thing, I am the one, because I lost everything: I lost all my properties and I don’t even have a car of my own in this country.”
This revelation was unveiled in a Twitter Space conversation on Monday, August 22, 2023.
Nana Appiah Mensah used the platform to clarify that, despite the allegations leveled against him, he has not personally profited from the customers’ funds.
“If one person has lost that one account, it means good has to come from the biggest loser of the Biggest Loser. My mom invested, my sister’s invested, my wife invested, my in-laws invested. Right? All my friends invested, I invested, I have really great relations in Spain and in Europe and elsewhere who invested and referred other people to invest. So it is not like the transactions, like I said yesterday, the company packs the money to give it to me and then I take it to my house on a day-to-day basis. It doesn’t work like that.”
Responding to claims that affected customers have died with others suffering blows to relationships, and health while drowning in debt, he acknowledged that he has become the focal point of blame and scapegoating in the complex narrative surrounding Menzgold’s collapse.
While empathizing with the individuals who have been adversely impacted by the financial turmoil stemming from Menzgold’s closure, Nana Appiah Mensah expressed his retrospective desire to have intervened sooner to prevent the escalating crisis.
“Yes, I sympathize with what has happened, and if I have my own way, I would fix it. And I’m making an effort,” he added.
He reiterated that payment will begin on October 20, 2023, after the validation is executed.
The company has indicated that about 5,000 customers have been reimbursed so far but the CEO fell short of stating how many customers were owed in total claiming that is the point of the ongoing validation process.
Source: Myjoyonline.com
Ghana Tourism Authority is leading Ghana’s participation at ITB Berlin, which opened in Berlin with a vibrant national pavilion highlighting Ghana’s rich cultural heritage, tourism destinations and investment opportunities.
March 5 has been designated as Ghana Day, a special platform to promote Ghana’s languages, cuisine, Kente, festivals and business prospects to the global tourism community. The stand has already drawn strong interest with traditional arts and crafts displays, immersive multimedia presentations and popular Ghanaian snacks.
Seven private-sector players are exhibiting alongside government officials as part of efforts to deepen trade partnerships, expand market access, and attract investment across the hospitality, heritage tourism, ecotourism, and creative arts sectors.
Ahead of the official opening, the Ghana delegation also engaged young Ghanaian investors in Germany in collaboration with V Afrika-Verein and the Ghana Embassy, strengthening diaspora investment linkages and highlighting opportunities within the tourism value chain.
Ghana’s coordinated presence at ITB Berlin 2026 reinforces its strategy to position the country as the Gateway to Africa and a competitive destination for leisure travel and global investment.
The Member of Parliament for Nsawam Adoagyiri, Frank Annoh Dompreh, has expressed concern over delays in the release of the District Assemblies Common Fund, warning that the situation is stalling development across the country.
On his facebook page, he described as a matter of urgent national importance, the Minority Chief Whip pointed to what he sees as a growing crisis of unpaid contractors, abandoned projects, and halted infrastructure works in many districts.
He noted that several communities are grappling with half completed schools, unfinished health facilities, abandoned markets, deteriorating roads, and stalled sanitation projects.
According to him, many contractors who have executed projects for district assemblies have not been paid, forcing some construction firms to demobilise from sites while workers lose their jobs.
He stressed that the District Assemblies Common Fund is not a discretionary allocation but a constitutional requirement under Article 252 of the 1992 Constitution, intended to support development at the local level.
In his view, years of delayed releases and accumulated arrears have weakened district development financing and disrupted projects meant to improve living conditions in communities.
He further argued that some payments made in recent years were largely the settlement of old debts rather than funding for new or ongoing projects, a situation he believes has affected contractor confidence and local economic activity.
He described the issue as more than a budgetary challenge, characterising it as a development emergency and a governance concern.
He therefore urged the appropriate authorities to pay outstanding DACF arrears, settle contractors who have completed their work, and ensure that transfers to districts are automatic and predictable.
He maintained that decentralisation can only succeed when district assemblies receive adequate and timely funding to carry out development projects.
He emphasised that stalled projects directly affect ordinary citizens, since they rely on such infrastructure for education, healthcare, transportation, sanitation, and economic activities.
He called for renewed attention to grassroots development, insisting that national progress should not be concentrated only in major cities but extended to all communities.
By: Jacob Aggrey
