Menzgold Boss, Nana Appiah Mensah today held a press conference at the M & J Grand Hotel at East Legon to address pertinent issues surrounding Menzgold and his chain of businesses.
Read his full speech below
Good morning Ladies and Gentlemen of the Press.
Thank you for coming to this event meant to provide you with the detailed state of our companies especially, what has bedeviled Menzgold for the past twelve months and the way forward.
May I state humbly that, this communication is without Prejudice.
First of all, let me start by praying the almighty God for grace today and to thank him gratefully as we count our many blessings.
Let me also take the opportunity to thank the Government of Ghana; Ambassador of Ghana to the United Arab Emirates; His Excellency Alhaji Ahmed Ramadan, for the consular services extended to me during my eight months detention in Dubai. I thank the Ghana Police Service for the warm reception and the exhibit of professionalism in the discharge of their duty on my arrival to Ghana on the 11th July, 2019.
I express my greatest form of immense gratitude to the ruler of Dubai, His Royal Highness Sheik Mohammed bin Rashid Al Maktoum, in his gracious name the Dubai Prosecutions and the Dubai Courts exhibited the highest form of integrity, by boldly upholding the rule of law, handing me justice before the Dubai first instance and superior Courts in the case number 68807/2018, an acquittal and discharge. May Allah, ever merciful, most compassionate bless and prosper Dubai forever. Allah Kareem.
I owe an immense debt of gratitude to the people of Ghana, our legal team abroad and in Ghana, led by Mr. Kwame Boafo Akuffo, my brother and my good friend; who has been resolute, exhibited loyalty and courage in the face our adversity, exhibiting his service and commitment to nothing but the law.
Today, I cannot forget to bless the over one thousand staff of Menzgold, Zylofon Media, Brew Marketing Consult and all our other companies in Ghana, as well as our families for their unwavering support, since the unfortunate events of the past few months. To you all I say; you made a good choice which would be well rewarded by God almighty, especially Mr. Kwame Boafo, like the biblical Moses, you chose to side and share in the afflicting of God’s people, instead of enjoying the temporary pleasures of sin. Thank you so much.
I also reserve my biggest gratitude to our cherished Menzgold customers for their continued support, encouragement, loyalty and prayers through the trying times. Thank you.
Even though I am still receiving the much-needed medical attention, swellings-blood clots in my pelvic region and knees with excruciating pains following a past surgical procedure, due to my well-publicized long nine-months detention in Dubai and Ghana. Regardless, I deem it very fit to make this address to the general public, especially to Menzgold customers in a bid to keep them abreast with the on goings.
Menzgold Ghana Company Limited is a licensed reputable Ghanaian gold dealership firm, with six years of impeccable and enviable service delivery and gold trading record. It would interest you to know that in five years, Menzgold consistently met the demands of its customers, suppliers and foreign partners who do business with us, but for the force majeure; the regulatory questions raised by the Bank of Ghana and the Securities and Exchange Commission; regulatory intervention of which we respectfully contested and is still before the Ghanaian courts of law.
A question of statutory interpretation of; as to whether or not the trading of gold collectibles or jewelry and the return of monthly profits on same to traders is, “Deposits-Taking” or “Deposits Mobilization” Activity or “trade in Securities”. As to whether or not the exports of tons of gold dore bars of very fine percentage purity, with many evidence of inflows in forex via the bank of Ghana is a “Ponzi scheme?”, praying the just and august Ghanaian Courts to make consequential orders to repair Menzgold damage, if any.