Menzgold Customers in Despair Over Asset Liquidation

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The struggle of Menzgold customers to recover their investments remains unresolved, with reports of ongoing asset liquidation despite legal injunctions. The next asset up for sale is a residential property in Trassaco Valley, House Number 337 on Oleander Avenue.

Nana Appiah Mensah (NAM1) and his companies, Menzgold Ghana Limited and Brew Marketing Consult Ghana Limited, face 39 counts of defrauding by false pretence, inducing public investments, and money laundering. In 2023, the Attorney-General filed new charges against NAM1.

The ongoing struggle of Menzgold customers to recover their investments remains unresolved, with reports of continued liquidation of the company’s assets despite legal injunctions.

The latest asset scheduled for sale is a residential property in Trassaco Valley, Phase 3, House Number 337 on Oleander Avenue.

Nana Appiah Mensah (NAM1) and his companies, Menzgold Ghana Limited and Brew Marketing Consult Ghana Limited, face 39 charges, including defrauding by false pretence, inducing public investments, and money laundering. In 2023, the Attorney-General filed new charges against NAM1.

Fred Forson, convener for the aggrieved Menzgold customers, stressed the urgent need for intervention by the Attorney General to protect the interests of affected customers.

He urged the AG to seek a Supreme Court order to prevent lower courts from allowing the auction of frozen assets, which could later be liquidated to pay off customers’ investments. Forson highlighted the urgency, noting that many customers have died, and called for a roadmap to ensure all customers are paid by November 1.

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