Court adjourns NAM 1’s case to April 25

Nana Appiah Mensah was found to have operated a Ponzi scheme under his gold dealership company, MenzGold.

Is allowance instantly strangers applauded

An Accra Circuit Court has adjourned to April 25, 2023, the case involving Nana Appiah Mensah, aka NAM 1, Chief Executive Officer of MenzGold Ghana Limited. 

Relieving Judge, Mrs Afia Owusua Appiah, adjourned the case because the prosecution had informed the court that the police is still waiting on the Attorney General’s advice.

This, however, would be the 33rd time that the accused person had appeared before the court over the past four years since he was charged. 

In September 2022, Attorney-General Godfred Dame at a Cambridge University conference indicated that dockets were almost ready for the commencement of prosecution against MenzGold’s Nana Appiah Mensah. 

"I am happy to state that after painstaking investigations, dockets on that financial crime are almost ready for prosecution to commence in earnest,” he said at the time. 


Nana Appiah Mensah was found to have operated a Ponzi scheme under his gold dealership company, MenzGold. 

He has since 2019 been standing trial on charges including defrauding by false pretences.

Initially, he was charged with 14 counts of abetment of crime, defrauding by false pretences, carrying on a deposit-taking business without a licence, sale of minerals without a licence, unlawful deposit-taking, and money laundering. His charges were subsequently amended to 61.

Nana Appiah Mensah is alleged to have taken an amount to the tune of GH¢1.6 billion from customers.

In July 2019, NAM 1 was granted bail after he was arrested upon his return to the country from a Dubai trip and granted bail to the tune of GH¢ 1 billion cedis with five sureties, three of which were be justified.

He has since pleaded not guilty to all initial charges levelled against him.