We owe GH¢200 million not 1.6bn - Director of Communication clears Air
Friday, July 12, 2019
Director of Communication of Menzgold, Nii Armah Amartefio.
Gold dealership firm, Menzgold Ghana Limited has refuted claims that it owes about 16,000 embattled clients GHS1.68 billion.
State-owned Daily Graphic’s news website reported on Friday, 12 July 2019 that it sighted a charge sheet in court which levelled fraud allegations against the company’s CEO Nana Appiah Mensah (NAM1) as well as Brew Marketing Consult and Menzgold.
In the charge sheet, NAM1 is accused of defrauded one Francis Agodzie and 16,000 others of more than GHS1.68 billion.
However, the Director of Communication of Menzgold, Nii Armah Amartefio, told Benjamin Akakpo on Class91.3FM’s Executive Breakfast Show on Friday, 12 July 2019 that the firm “is not in a position to doubt” what the website has quoted, but will nonetheless go with the figures released by Finance Minister Ken Ofori-Atta.
Mr Amarteifio said after Mr Ofori-Atta met with some aggrieved military customers of Menzgold who had presented a petition to him over their locked-up funds, the Finance Minister “made it clear to them that per the books that they have seen so far, the amount we [Menzgold] are owing amounted to GHS200 million; that is about $40 million and I have checked with my boss, he has confirmed that to me”.
He said the company is focused on paying the principals of its customers after winning a Dubai case in which the Gulf state ordered Horizon Diamonds to pay NAM1 some $39 million for gold supplied by Menzgold.
“We need to pay our customers and whatever we need to do we are doing it"
