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20.08.2019 Feature Article

Legitimate Questions Menzgold's CEO Should Provide Answers For - Now, Not Tomorrow

Legitimate Questions Menzgold's CEO Should Provide Answers  For  - Now, Not Tomorrow
AUG 20, 2019 FEATURE ARTICLE

I wept when I read Ghanaian media reports of the press conference, held earlier today, by Nana Appiah Mensah, the CEO of Menzgold. That man's arrogance is breathtaking: Why does he want the authorities to unfreeze his company's assets - when he has not repaid any of those his company owes money to? Amazing.

It is just so sad that none of the media professionals who assembled to hear Nana Appiah Mensah address the said press conference, earlier today, deigned to ask Nana Appiah Mensah to explain to the nation:

1) What exactly was the nature of the 'gold collectibles' that his firm dealt in? Were they pure gold coins (with Adinkra symbols embossed on them, for example?), or did Menzgold sell a limited edition of other types of 'pure gold collectibles', such as pure gold statuettes of horses (say 500 in number), signed by the sculptor who made them, for example? Hmmmm, eyeasem oooo. Eiiii, Oman Ghana - asem kesie ebeba debi ankasa.

2) Why did Menzgold, which claims it dealt in 'gold collectibles', not physically hand over the 'gold collectibles' that members of the general public purchased from its offices, directly to those purchasers - to hold and store themselves: which is what all companies that sell collectibles do, worlwide?

Based on that scenario, a legitimate business model, would have been Menzgold providing a platfrom for the purchase and sales of such gold collectibles. Simple. Why then did Menzgold rather opt for the smoke-and-mirrors-fool's-gold business model that enabled it to ensnare thousands of gullible financially-illiterate and gullible-innocents-abroad, so to speak? Literally.

3) Finally, why should hapless Ghanaian taxpayers pay for lawyers to help Nana Appiah Mensah to repatriate the money said to have been declared as rightly his, by a Dubai law court, to Ghana? He should find his own lawyers to do so far him - and they in turn can appeal to the law courts in Ghana, to ask the Office for Economic and Organised Crime (EOCO), to unfreeze the amount they will charge him for their services to him, in that matter, from his frozen bank accounts. Sarjewah. To use an appropriate Ghanaian pidgin English phrase: "Who born dog?" What effrontery. The sod. Haaba.

Kofi Thompson
Kofi Thompson, © 2019

This author has authored 363 publications on Modern Ghana. Author column: KofiThompson

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