Fredrick Forson, the Chairman and Convener of the Menzgold Customers, has revealed that more than 244 customers have died since 2018.
The Convener of the Aggrieved Menzgold customers stressed that they are suffering from the devastating impact of the fraud on their investors caused by the alleged fraud.
Fredrick Forson highlighted that many Aggrieved Menzgold customers have died, with some homes broken and others’ dreams shattered.
Speaking to the media, Fredrick Forson explained, “More than 244 Menzgold customers have died since the 2018 Menzgold scandal. Some people even drank poison and died, others ‘ marriages got destroyed, some got sick with a serious disease, and we don’t even know the whereabouts of some members.
Our issue is very disheartening, and life has been very difficult for us. We don’t even know where we are going, but we are pleading with the government to give us a bailout and also appoint a receiver who will collect our data to know the conditions of Menzgold customers and the amount of money involved”.
The Convener of the Aggrieved Menzgold customers further called on President John Mahama to fulfil his promise of appointing a receiver and also to give them a financial bailout.
“We are looking forward to the Attorney General and the President making good on their promises to us. We are pleading with them to appoint a receiver and to also give us a financial bailout that we spoke about until the court case is resolved”, he added.
His comments follow the Supreme Court’s dismissal of his application by Nana Appiah Mensah, popularly known as NAM1, to overturn earlier rulings by the High Court and the Court of Appeal in his ongoing criminal trial.
The embattled Menzgold CEO must now open his defence in the ongoing criminal trial.
Reacting to the decision, Frederick Forson welcomed the ruling, saying. “Our understanding is that the High Court trial can now proceed. Today, we were also told that they will file their reasons on the 17th of this month [December 2025]. So, as directed earlier, we will return to the High Court on the 16th, which is next week. We are very happy, and we appreciate what the court has done, just that it has kept long.
Meanwhile, it will be recalled, Menzgold Ghana Limited, owned by NAM1, was offering high-return gold collectable investments.
However operated without the required licences from the Bank of Ghana and the Securities and Exchange Commission, despite repeated warnings from regulators.
Menzgold Ghana Limited was then shut down by the Securities and Exchange Commission in 2018, leaving thousands of Ghanaians with locked-up funds.
NAM1 is now facing charges including unlicensed gold trading, fraud, and money laundering.
However, the case has delayed for years by multiple appeals by NAM1.
Watch the video below:
“More than 244 Menzgold customers have died since the 2018 Menzgold scandal.” – Chairman and Convener of the Menzgold Customers, Fred Forson reveals pic.twitter.com/JMRzogDI0q
— EDHUB🌍ℹ (@eddie_wrt) December 10, 2025