Nana Appiah Mensah lived a plush life while convincing people to deposit in Menzgold. Despite several warnings from state authorities, a speculated 60,000 Ghanaians invested in the company and now have their monies amounting to some GH¢200 million locked up.
The CEO of Menzgold, Nana Appiah Mensah is reportedly sitting in Dubai cells, undergoing trial for a non-related case.
Another finance company, DKM DKM Financial Services duped clients of some GH¢115 million.
The Finance Minister in November 2018 said some 80% of DKM victims have been paid.
Experts say more of such companies are spread across the country.