Three more top managers behind Menzgold identified

Three more top managers behind Menzgold identified

- Three more top managers behind Menzgold have been identified

- The three are part of a seven-member team said to be running Menzgold with Nana Appiah Mensah, the CEO

- Given its current struggles, Menzgold has said it will no longer pay dividends to customers

YEN.com.gh earlier published the report of two top managers of Menzgold who were said to be running the business with the embattled CEO, Nana Appiah Mensah.

Now, three more photos have been released of individuals who are also part of Menzgold’s management, bringing the number to five.

Before their photos were released, Nana Appiah was the focal person who has received public criticism and attacks for the current struggling state of Menzgold.

Menzgold CEO, Nana Appiah Mensah

Menzgold CEO, Nana Appiah Mensah
Source: Instagram

READ ALSO: Menzgold scraps payment of dividends

However, it has been discovered that these five persons, who make up a seven-member team of Menzgold’s management, had huge roles they played in the gold trading business, and were actually the ones running the company.

The photos were sighted by YEN.com.gh on Mynewsgh.com.

The individuals are reported to have been directly in charge of the day-to-day activities of Menzgold prior to its struggles, which were apparently informed by an investigation into its operations by the Security and Exchanges Commission and the Bank of Ghana.

The investigation, which caused investors to lose confidence in Menzgold, has prompted the company to sue the SEC and BoG.

READ ALSO: Akufo-Addo is to blame for Menzgold’s frustration – Angry clients

One of Menzgold's managers, who has been identified as Shadrack Fodjour, is the head of marketing in charge of monitoring and evaluation. His duty was to ensure that nothing untoward happened while he led a team in sourcing for more clients.

Another ‘baron’ of the company, who is also identified as Isaac Otseng, is a supervisions and operations team member. As his portfolio suggests, Otseng is head of operations of the embattled organisation.

Mr. Isaac Otseng, Supervisions and Operations team member. Photo credit: Mynewsgh.com

Mr. Isaac Otseng, Supervisions and Operations team member. Photo credit: Mynewsgh.com
Source: Facebook

The third person, Mr. Bonsu Yirenkyi-Offei, is the corporate affairs manager of Menzgold, who kept a low profile because nothing was heard about him in the media.

Instead, media personality, George Quaye, who was appointed the head of communications, but later resigned due to Menzgold’s troubles, was in charge of media relations for the company.

Mr. Bonsu and Mr. Fodjour. Photo credit: Mynewsgh.com

Mr. Bonsu and Mr. Fodjour. Photo credit: Mynewsgh.com
Source: Facebook

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Meanwhile, Menzgold has announced that it will no longer pay dividends to customers.

According to an earlier report by YEN.com.gh, the company said it had reached an agreement with the customers to scrap the payment of dividends because they (customers) are no longer interested.

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Source: Yen.com.gh

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