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Menzgold Ghana Limited was a fraudulent gold dealership and investment firm that promised customers an average of 7-10 percent monthly returns on investments. It was subsequently shut down by the Government of Ghana. It was founded by Nana Appiah Mensah, who is popularly known as NAM 1. [1]
Gold mining in Ghana has a long history, dating back to the 10th century when the region was part of the ancient Ghana Empire. Commercial gold mining began in the early 19th century, with Europeans establishing several mines during the colonial period. [1] [2] [3] The first documented large-scale mining operation in Ghana was at Obuasi, where ...
Gold has been central to the country's economy for decades. In 2023, Ghana produced around 4.2 million ounces of gold, contributing to approximately 4% of the world’s total output. The main gold-producing regions are Ashanti, Western, and Eastern regions, with major players including Newmont, Gold Fields, AngloGold Ashanti, and Kinross Gold ...
The fund was established by an ACT of Parliament of the Republic of Ghana, ACT 218, (Act 978), to manage and invest the mining royalties of the Republic.The Act was passed by Parliament of Ghana and President of the Republic of Ghana, Nana Akuffo Addo, assented the ACT on December, 3rd 2018, after Parliament passed it into law which according to him, there are no local companies mining in ...
Why invest in gold. Investors may find gold to be an attractive investment for a variety of reasons: Diversification: The most common reason retail investors buy gold ETFs is diversification.
The Obuasi Gold Mine is an underground gold mine situated near Obuasi, in the Ashanti Region of Ghana. It was at one time one of the world's ten largest gold mines . [ 2 ] The mine is in Obuasi Municipal District , 60 kilometres (37 mi) southwest of the regional capital Kumasi .
Investing in gold has recently provided remarkable benefits, driven by a combination of macroeconomic uncertainties and inflationary pressures. At the beginning of 2024, gold was trading at ...
The money men like these take can bankrupt Americans of their life savings and tear apart families with shame, anger, and guilt. Most of the scam activity unfolds in texts and emails.