The Accra High Court has determined that Nana Appiah Mensah (NAM 1) must respond to charges brought against him by the state. During the July 11 hearing, the judge ruled that Brew Marketing Consult (and Nana Appiah Mensah) appear, at this stage of the prosecution, to lack authorization as an entity selling gold to the public.
Therefore, they are required to answer to the charge of ‘Selling gold contrary to section 99(1) of the Minerals and Mining Act.’ Engaging in a deposit-taking business without the required license, as specified in sections 6(1) and 22(1) of the Banks and Specialized Deposit-Taking Institutions Act. Justice Ernest Owusu Dapaah, in response to the defense’s submission of no case filed by Nana Appiah Mensah’s lawyers, stated that the court found sufficient evidence from the prosecution.
The judge noted that the regulator had previously cautioned NAM1 multiple times on this matter. Nana Appiah Mensah, also known as NAM1, along with his companies Menzgold Ghana Limited and Brew Marketing Consult Ghana Limited, face 39 charges. These charges encompass selling gold without a license, operating a deposit-taking business, inducing investment, defrauding by false pretenses, fraudulent breach of trust, and money laundering.