Social commentator and youth activist, Ivan Kyei Innocent, is of the assertion that the President of the Republic of Ghana, Nana Akufo-Addo, and Chief Executive Officer of defunct Menzgold Ghana Limited, Nana Appiah Mensah, popularly called NAM1, share a similar trait.
According to Ivan, the two personalities have been successful in defrauding Ghanaians at all levels.
Speaking on Radio XYZ’s Dwaboase, Ivan bemoaned the failure of the Akufo-Addo-led government to tackle corruption.
He noted that little or no investigation has been carried out by the president, and with regards to those that have commenced, the accused have been exonerated by the president publicly.
“The attitude of the Akufo-Addo government towards some of these things crime has always been like that. Because you can count the number of scams and corruption that has happened in this country. He has never been willing to investigate any matter. Where state institutions go in, he comes out to clear the accused. He emboldens criminals.”
For him, with regards to the actions and inactions taken so far, President Akufo-Addo can be equated with NAM1.
“That is why there is no difference between NAM1 and Akufo-Addo,” he stated.
He stated that while NAM1 is “running a Ponzi scheme”, the President “is running a grand Ponzi scheme at the national level.”
A survey conducted by the Center for Democratic Development (CDD) in 2021 revealed that the majority of Ghanaians lack confidence in President Akufo-Addo’s ability to fight corruption.
62% of 2,400 Ghanaians interviewed in a post-election survey conducted between May 23 and June 3, 2021, say they do not have confidence in the ability of President Akufo-Addo âto protect the countryâs financial resources and curb corruption in the next four years.â
In his resignation letter, Ghana’s first Special Prosecutor, Martin Amidu, described the president as the “mother serpent of corruption.”
But the president has refuted all these claims.
NAM 1, being compared to the president, has been in the trends in recent times. He was criticised for demanding GHS650 from aggrived Menzgold clients in a new phase of customer validation in order to expedite the disbursement of funds to customers whose investments have been trapped.
In an earlier statement released on July 29, 2023, the Defunct gold trading company announced that it had successfully completed the transaction validation process assuring to make payments to its customers soon.
But in a release on August 18, the company indicated that customers looking to recover their trapped funds would be required to engage in the Menzgold Digital Verification Access Card procedure, aimed at confirming transactions and validating claims.
According to Menzgold, this has become imperative as their initial assessments identified a substantial number of claims that did not meet the necessary criteria and were therefore considered ineligible.
Over sixty percent of claims submitted for validation were plagued with several defects including irregularities or inconsistencies of the records on the face of the documents, fake (fraudulent) supporting documents, fake authorized signatures, among others, the company noted.
As per the announcement, the Menzgold Digital Verification Access Card will be obtainable for GHÂą650 each through authorized Payboy Agents.
But after a backlash, Menzgold Ghana rescinded its previously initiated paid customer validation process.





























































