Prophet Kumchacha Opens Up On Genesis of Strained Relationship With Akufo-Addo
- Prophet Kumchacha has opened up about how his relationship with Nana Akufo-Addo turned sour over the Menzgold saga
- He claimed the former president advised him to invest in the now-defunct Menzgold firm, leading to his financial loss
- Kumchacha said he lost respect for Akufo-Addo after he failed to help him recover his locked-up funds despite multiple appeals
Founder and leader of Heaven's Gate Ministries, Nicholas Osei, popularly known as Prophet Kumchacha, has opened up about the genesis of his strained relationship with former president of Ghana, Nana Akufo-Addo.
Speaking in an interview with Accra-based Adom FM, the renowned man of God, known for his controversial views on national issues, said he was convinced by the former president to invest in Menzgold when he consulted him for financial advice.
Source: UGC
He said he had a great relationship with the former Ghanaian president and expected him to intervene on the Menzgold matter to protect him and other investors from losing their investment.
"When I wanted to invest my money at Menzgold, I told him about it and he advised me to do it. So, when the money was locked up, I went back to him on three different occasions for help to recover my investment. He promised me that I will get my money back, but up until now, I have not yet received the money," he said.
According to Prophet Kumchacha, he was one of the key men of God who helped the former president win the 2016 presidential elections.
However, upon assumption of office, the former president, in the preacher's view, turned his back on him, watching aloof while he lost his money in an investment he advised him to make.
Because of this, Prophet Kumchacha said he lost admiration for the former Ghanaian president, resulting in his decision to become a fierce critic of his administration.
Kumachacha in an earlier interview with Zionfelix in February this year directed his frustration at Nana Appiah Mensah accusing the latter of defrauding him GH¢1 million due to his locked-up investments.
Former President Nana Akufo-Addo nor his representatives are yet to comment on the claims made by Kumchacha.
What is MenzGold?
Menzgold Ghana Limited was a Ghanaian investment firm that offered high returns on gold investments.
Because of the lucratively high return on investment, many Ghanaians, including the prominent in society, invested their savings with the now-defunct firm.
Source: Facebook
However, the Menzgold investment module was found to be a Ponzi scheme, prompting the Bank of Ghana and the Securities and Exchange Commission of Ghana to shut it down in September 2018.
This resulted in many people losing their investments as their money was locked up in the alleged Ponzi scheme.
The investment firm was founded by Ghanaian businessman, Nana Appiah Mensah, also known as NAM1 in 2014 and operated under various names, including Menzbank and Menzbanc, before finally becoming Menzgold.
It operated as a gold dealership and investment firm that offered customers an average of seven to ten per cent returns on investments every month.
The Coalition of Aggrieved Customers of Menzgold in a statement issued in 2024 disclosed that over 200 million cedis have been locked up in the defunct company with thousands of depositors losing their money.
Meanwhile, Nana Appiah Mensah together with Menzgold Ghana Limited and Brew Marketing Consult Ghana Limited is standing trial in court and has been charged with 39 counts of defrauding by false pretence, inducing members of the public to invest, and money laundering.
Watch the video below:
Kumchacha's remarks on the Nana-Addo relationship stir reactions
Prophet Kumchacha's video has sparked reactions on social media, with many Ghanaians taking to the comment section to share their views.
YEN.com.gh compiled a few of the reactions below:
@GeeNxt said:
"And Kumchacha hasn't said anything about this saaa throughout the campaign till now .... u ppl should allow the old man to rest small."
@dowlace also said:
"For some weird reasons, some ppl will believe this."
@SackeyKolart commented:
"One of the eminent and revered prophets of the NDC."
Kumchacha calls Akufo-Addo the worst president
Meanwhile, in a previous YEN.com.gh publication, Kumchacha described Akufo-Addo as the worst president in the history of Ghana.
The controversial man of God made these remarks at the swearing-in ceremony of President John Dramani Mahama at the Black Star Square in Accra.
Speaking to the media, Prophet Kumchacha said he was excited at Mahama becoming president once again.
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Proofreading by Samuel Gitonga, copy editor at YEN.com.gh.
Source: YEN.com.gh
Salifu Bagulube Moro (Human-Interest Editor) Salifu Bagulube Moro is a Human Interest Editor at YEN.com.gh. He has over five years of experience in journalism. He graduated from the Ghana Institute of Journalism in 2018, where he obtained a Bachelor’s Degree in Communication Studies with a specialization in Journalism. Salifu previously worked with Opera News as a Content Management Systems (CMS) Editor. He also worked as an Online Reporter for the Ghanatalksbusiness.com news portal, as well as with the Graphic Communications Group Limited as a National Service Person. Salifu joined YEN.com.gh in 2024. Email: salifu.moro@yen.com.gh.
Samuel Gitonga (Copy editor) Samuel Gitonga is a Copy Editor at YEN.com.gh. He holds a Bachelor of Broadcast Journalism Degree from the Multimedia University of Kenya. He has over 7 years’ experience in the digital journalism industry. He started out his career at the Kenya News Agency and proceeded to work for several reputable media outlets in Nairobi.
