Connect with us

News

1.8 million Ghanaians Invested $200Million In Menzgold – Amanda Clinton

Prev1 of 2
Use your ← → (arrow) keys to browse

Amanda Clinton

A report by Class News has it that a private legal practitioner, Amanda Clinton, who is serving as Counsel for several aggrieved investors of troubled gold-trading firm Menzgold Ghana Limited, has revealed that as many as 1.8 million Ghanaians invested in the firm during its five-year operations.

And within that period, at least $200 million dollars were invested – the highest single investment being $6 million.

Since August 2018, the company, owned by 32-year-old Nana Appiah Mensah, has not been able to pay extra values earned on investments to its clients nor their principal capital, after the Securities and Exchange Commission (SEC) asked Menzgold to stop its gold vault market operations over regulatory infractions.

Prev1 of 2
Use your ← → (arrow) keys to browse

READ  You could be JAILED for making excessive noise during sex – Lawyer Maurice Ampaw
Advertisement