13:33, 18.Oct 2018
Former President John Dramani Mahama has denied investing millions of dollars with the now-troubled gold dealership firm Menzgold Ghana Limited.
“When they get up, they make claims that I have lots of money at Menzgold but it is not true. They said my wife’s money is there but that is also not true. They said Asiedu’s money is there but it is a lie,” Mr Mahama refuted in an address to delegates of the National Democratic Congress (NDC) at Koforidua in the New Juaben South Constituency of the Eastern Region on Thursday, 18 January 2019.
Over 60,000 customers have their capital locked-up at the unlicensed gold trading firm with several groups filing law suits against Menzgold and its CEO Nana Appiah Mensah.
Menzgold halted its operations after a directive from the Securities and Exchange Commission (SEC) to halt its investment scheme.
Menzgold promised clients monthly interest of between 7 and 10% interest on “gold collectibles” deposited with the company but has been unable to meet its agreement with customers.
The company also promised to pay 15% of the capital invested by clients but have been unable to do so.
Following these developments various unverified lists have been circulating on social media purporting to contain the name of prominent figures who invested in Menzgold.
One of the lists contained the name of President John Dramani Mahama and his wife, Lordina Mahama as well as General Secretary of the National Democratic Congress (NDC), Johnson Asiedu Nketia.
However, Mr Mahama has asked the public to disregard the list and dispelled the claims.