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Attorney General promises Menzgold consumers that justice will be served

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Attorney General assures Menzgold customers of Justice

The Attorney General, Godfred Yeboah Dame, has promised justice to consumers of the defunct gold trading business, Menzgold Ghana Limited.

This comes on the heels of the filing of a fresh charge sheet in the High Court, in which the CEO of Menzgold, Nana Appiah Mensah, is charged with 39 counts of defrauding by false pretence, operating in gold dealing without a licence, and money laundering.

Dame called the bankrupt dealership corporation a Ponzi scam that had left many of its victims homeless, with shattered marriages, and in some cases, dead.

He stated this during his keynote talk at the 40th International Symposium on International Crime.

“It called itself Menzbank and metamorphosed into a number of names before eventually taking up the name Menzgold. It dealt with the purchase of gold collectables from the public and issued contacts with guaranteed returns to the public without a license from the relevant authorities…I am happy to state that after painstaking investigations, criminal prosecutions have commenced into the perpetrators,” he stated.

Dame also called the case involving former PPA chief Adjenim Boateng Adjei the most horrific of all procurement-related corruption scandals involving public officials.

“A detection of false or inconsistent claims by contractors is often hampered by the illicit protection extended by public procurement officers who have the mandate to detect and revise them. The most chilling and perhaps shocking case of such dealing was witnessed when the former head of the PPA was implicated in what was notoriously described as the contract for sale phenomenal. As the head of the PPA, he was alleged to have established a company in which he held majority shares and which also actively bid for government contracts and which was subsequently sold to other contractors at a higher price.”

“The regulation of this act promptly resulted in the termination of his employment by the president of the republic and the withdrawal of his membership by various professional institutions and his prosecution which is ongoing,” he stated.

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The Foreign Affairs Ministry cautions against travelling to Northern Mali

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"The Ministry remains committed to the safety of Ghanaians and will provide updates on the security situation in the region under reference in due course," the statement went on to say. The Foreign Affairs Ministry reminded the people to always prioritise their safety when travelling.

The Ministry of Foreign Affairs and Regional Integration has advised Ghanaians not to travel to certain areas of Northern Mali.

In an official statement, the Ministry underlined recent security concerns along critical routes connecting Mali and Niger, notably in the Gao and Ansongo regions of Northern Mali.

The Ministry mentioned incidents of terrorist activity targeting travellers along these routes.

“The Ministry remains committed to the safety of Ghanaians and will provide updates on the security situation in the region under reference in due course,” the statement went on to say.

The Foreign Affairs Ministry reminded the people to always prioritise their safety when travelling.

Find the statement below:

WhatsApp Image 2024 04 26 at 19.20.01 712x1024 1 jpeg
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Gov’t settles on blue and white as new paint for basic schools

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He also announced the replacement of the brown and yellow outfits. "We are modifying the uniforms of public elementary schools across the country. The yellow and brown that you see now will go. Reformation is coming to a community near you, and you will witness it." The education minister expanded, saying that this project is part of the government's attempts to demonstrate to critics that its concentration is not exclusively on secondary education.

Dr Yaw Osei Adutwum, Minister of Education, has declared that the government intends to repaint all public basic schools in blue and white, replacing the present brown and yellow.

This programme is part of a rebranding campaign to improve the appearance of the institutions.

Dr Adutwum went on to say that this is only one of several initiatives targeted at revitalising and improving basic education in the country.

“We’re moving to blue and white. We are painting all of the schools to give them an appealing appearance. This is the revolution Ghana deserves, and it is on its way,” the minister said at a “The free SHS tale” discussion in Accra on Tuesday, April 23, 2024.

He also announced the replacement of the brown and yellow outfits.

“We are modifying the uniforms of public elementary schools across the country. The yellow and brown that you see now will go. Reformation is coming to a community near you, and you will witness it.”

The education minister expanded, saying that this project is part of the government’s attempts to demonstrate to critics that its concentration is not exclusively on secondary education.

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We’ve not been paid GH¢1 billion; KPMG’s assertion is false – SML

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SML further stated that KPMG's inability to mention that 31.5 percent of the total GH¢1,061,054,778.00 taken as taxes provides a very uneven "impression of the relationship between the compensation, investment, and other related costs." "SML believes that KPMG's failure to include GRA taxes of 31.5% taken before payment, interest payments of 32% plus SML's investment repayment, and other taxes/duties over the period creates an unbalanced impression of the relationship between compensation and investment and other related costs. This omission is really deceptive.

Strategic Mobilisation Ghana Ltd (SML) denied receiving GH¢1,061,054,778.00 for a revenue mobilisation contract with the Ghana Revenue Authority (GRA).

President Akufo-Addo ordered KPMG to audit the contract between the GRA and SML on January 2. KPMG’s findings revealed that SML received a total of GH¢1,061,054,778.00 from 2018 to date.

However, Strategic Mobilisation Ghana Ltd responded by denying the charges, noting that KPMG reported the amount “without reference to the investments made and the taxes paid” during the review period.

“KPMG quotes a figure as compensation to SML. It is interesting to note that this figure is quoted without reference to the investments made and the taxes paid by SML over the period within the consolidated contract

“The compensation of GH¢1,061,054,778.00 stated by KPMG is inaccurate.”

SML further stated that KPMG’s inability to mention that 31.5 per cent of the total GH¢1,061,054,778.00 taken as taxes provides a very uneven “impression of the relationship between the compensation, investment, and other related costs.”

“SML believes that KPMG’s failure to include GRA taxes of 31.5% taken before payment, interest payments of 32% plus SML’s investment repayment, and other taxes/duties over the period creates an unbalanced impression of the relationship between compensation and investment and other related costs. This omission is really deceptive.

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