GhPageNewsLawyer Maurice Ampaw cries over cash locked up in Menzgold

Lawyer Maurice Ampaw cries over cash locked up in Menzgold

- Advertisement -

Lawyer Maurice Ampaw is the latest person to shed tears over his locked up cash with Nana Appiah Mensah’s Menzgold.

According to the celebrity lawyer, his investments and that of his family are locked up at Menzgold, the gold trading firm that has been shut down by the securities and exchange commission of Ghana and that he has been saving with them for 4 years.

Maurice Ampaw

Also Read: 6 Menzgold customers arrested for an attempt to lock up Zylofon office

“I want everyone to officially know that lawyer Ampaw is a proud customer of MenzGold”, he revealed while flaunting documents to prove that he has his cash locked up with the gold trading company.

According to document sighted on, maverick legal practitioner had purchased 50 pounds of Gold worth GH¢ 100,000 three times totaling GH¢ 300,000 before the company run into crises.

His cousin as well invested GH¢520,000 whiles his wife invested GH¢ 200,000, cumulatively making GH¢1,020,000 of total cash lodged with Menzgold.

Also Read: Government should help us-man who has lost GH¢2 million to Menzgold

Maurice Ampaw who was speaking in an interview with Kumasi-based radio Abusua Fm indicted that there is nothing wrong with people who invested with MenzGold because nothing showed the company was not operating not think since Bank of Ghana(BoG) and the Securities and Exchanges Commission (SEC) did not speak about their illegality.

He went on to say that he was convinced to invest after he contacted the Registrar General’s Department, and the Minerals Commission and was a customer with the gold trading hub for four years.

“I did due diligent at the Registrar general’s Department and the Minerals Commission so I was so satisfied. Therefore I increased my investment bit by bit then my confidence level increased as well”.

Also Read: NAM1 ‘sacks’ the entire Menzgold staff

“I realized a company that has existed for about five years whiles it has operated under the watch of government, that was able to sponsor Premier League, who took the entertainment industry by storm, a company that could visit Asantehene with a Private jet. Somebody who has met President Nana Addo three times” nothing showed he was a fraudster.

Mr. Ampaw argued that, if institutions funded and mandated to ensure that every investor in the country is well licensed sat down for five years without taking any action against MenzGold, then people must be held responsible there and not the company.

Meanwhile the Finance Minister Mr. Ken OforiAtta has described people who invested with MenzGold as ‘greedy’ who did not think before investing their money with the Gold Merchant.

SEE MORE: Boyfriend who just dumped Afia Schwarzenegger over Menzgold saga finally revealed

Join our WhatsApp Channel


Monday, February 26, 2024
overcast clouds
82 ° F
82 °
82 °
81 %
94 %
87 °
86 °
86 °
87 °
83 °

Free Newsletter

Get Ghana Latest News in your inbox each morning.