Monday, May 12, 2025
Ghana Fact
  • Who We Are
    • About Us
    • How we work
    • Submit a claim to check
    • Partners
    • Our Team
    • Funding
    • Principles
    • Corrections
    • Privacy Policy
    • Press Releases
  • Contact
  • Home
  • Governance
  • Politics
    • Election 2020
    • Election 2024
  • Economy
  • Health
    • COVID-19
  • Environment
  • AI & Deepfakes
  • Other Checks
No Result
View All Result
Ghana Fact
  • Home
  • Governance
  • Politics
    • Election 2020
    • Election 2024
  • Economy
  • Health
    • COVID-19
  • Environment
  • AI & Deepfakes
  • Other Checks
No Result
View All Result
Ghana Fact
No Result
View All Result
Home Other Checks

FAKE: Viral letter claims Finance Ministry to meet aggrieved Menzgold customers

ghanafactbyghanafact
October 13, 2020 - Updated on November 17, 2020
in Other Checks
Reading Time: 2 mins read
A A
0
FAKE: Viral letter claims Finance Ministry to meet aggrieved Menzgold customers
Share on FacebookShare on TwitterShare on ThreadsWhatsApp

Claim: Finance Ministry to meet the leadership of aggrieved Menzgold customers

Source: Unknown

Verdict: Fake

Researched by Rabiu Alhassan

A letter allegedly issued by the Finance Ministry with the headline,” Government intervention in Menzgold saga” is being widely shared on Facebook, WhatsApp and Twitter.

According to the viral letter which has been signed by an unknown official at the public relations unit of the ministry, “following persistent petition[s] by the customers of Menzgold to the President of the Republic Nana Addo Danquah Akufo-Addo over their locked up funds, His Excellency the President has directed the Finance Minister to meet with leaders of the customers in finding state-led solution to the problem as soon as possible.”

RelatedNews

ANALYSIS: How GH¢2.7 billion allocated to Office of President in 2025 budget reduced to GH¢362m 

ANALYSIS: How GH¢2.7 billion allocated to Office of President in 2025 budget reduced to GH¢362m 

FAKE: Viral letter claims Finance Ministry to meet aggrieved Menzgold customers

 

A Plus shares viral letter

A musician and Social media activist Kwame Asare Obeng, popularly known as A Plus shared the letter to his more than 340,000 followers on his verified Facebook page.

The leader of a pressure group, The People’s Project, said as part of his post that “Akufo Addo says he is going to pay Menzgold customers so that they can vote for him. If he says he will pay make sure you guys take the money before 7th December ooo. If he tells you stories and you fall for it and vote for him forget it. After election he won’t pay. Open your eyes.”

The post has since generated more than 2,200 Facebook interactions including 175 shares, and 550 comments at the time of publishing this report.

FAKE: Viral letter claims Finance Ministry to meet aggrieved Menzgold customers

 

Fact-Check

“Yes. I can confirm that we didn’t issue any such press release. It is fake news,” Head of Public Relations at the Ministry of Finance, Cecilia Isabella Akwetey told GhanaFact.

The National Vice Chairman of the Coalition of Aggrieved Customers of Menzgold Ghana (CACM), Francis Owusu in an interview with GhanaFact said even though he has sighted the letter, “our checks at the ministry has revealed that it is not coming from the ministry.”

GhanaFact was unable to reach Kwame Asare Obeng for a comment before publishing this report. We would duly update this fact-check when we get a response.

 

Menzgold saga

Ghanaian gold dealership and investment firm, Menzgold was shut down in September 2018 by the Ghana Securities and Exchange Commission, after the Bank of Ghana accused the company of operating without a license.

Thousands of Ghanaians have had their monies locked up in the now-defunct company and according to the Coalition of Aggrieved Customers of Menzgold Ghana (CACM), they have “over 50,000 members” across the country.

The Chief Executive Officer of the defunct gold dealership firm, Nana Appiah Mensah, aka NAM 1 is currently facing charges of defrauding by false pretences in court.

 

 

Tags: MenzgoldMinistry of finance
ShareTweetShareSend

Related Posts

FACT-CHECK: Has Niger adopted Hausa as a new official language?

FACT-CHECK: Has Niger adopted Hausa as a new official language?

Misleading! Recent reports of Eddie Nketiah’s Black Stars availability is based on a 2022 interview

Misleading! Recent reports of Eddie Nketiah’s Black Stars availability is based on a 2022 interview

False! Goalkeeper in viral own goal video is NOT Richard Ofori

False! Goalkeeper in viral own goal video is NOT Richard Ofori

False! Benin did not lose 600 soldiers during terrorist attack as claimed in viral WhatsApp message

False! Benin did not lose 600 soldiers during terrorist attack as claimed in viral WhatsApp message

False! – Namibian president did not order deportation of 500 Americans over new visa rules

False! – Namibian president did not order deportation of 500 Americans over new visa rules

HOAX: WhatsApp message about telcos giving free 50GB data, GH¢200 airtime as part of Ghana @68 celebrations is a scam

HOAX: WhatsApp message about telcos giving free 50GB data, GH¢200 airtime as part of Ghana @68 celebrations is a scam

Load More

Most Recent

Analysis: Why the media reported different 2025 GETFund allocations for MPs

Analysis: Why the media reported different 2025 GETFund allocations for MPs

What Mahama said about 2 ‘Broken Promises’ in GhanaFact’s First 120 Days Social Contract report

What Mahama said about 2 ‘Broken Promises’ in GhanaFact’s First 120 Days Social Contract report

FACT-CHECK: Has Niger adopted Hausa as a new official language?

FACT-CHECK: Has Niger adopted Hausa as a new official language?

PROMISE METER: Fact-checking all 25 promises in President John Mahama’s 120-day social contract

PROMISE METER: Fact-checking all 25 promises in President John Mahama’s 120-day social contract

Load More

Most Popular

HOAX: Viral WhatsApp post of Donald Trump offering $350 grants to Africans and Europeans is a scam

HOAX: Viral WhatsApp post of Donald Trump offering $350 grants to Africans and Europeans is a scam

Viral video of US immigration officials hunting undocumented Africans is False

Viral video of US immigration officials hunting undocumented Africans is False

South Korea and Japan are not offering $75000 for Black Men to impregnate their women

South Korea and Japan are not offering $75000 for Black Men to impregnate their women

What Mahama said about 2 ‘Broken Promises’ in GhanaFact’s First 120 Days Social Contract report

What Mahama said about 2 ‘Broken Promises’ in GhanaFact’s First 120 Days Social Contract report

Load More
Ghana Facts - factscheck

GhanaFact is a project by FactSpace West Africa aimed at curbing the spread of disinformation on traditional and social media.

Follow Us

Browse Articles

  • AI & Deepfakes
  • DisinfoLab
  • Economy
  • Election 2020
  • Election 2024
  • Environment
  • General News
  • Governance
  • Health
    • COVID-19
  • Other Checks
  • Politics
  • Press Releases
  • Promise Meter

Contact

Address: P. O. Box AB 521, Abeka-Lapaz, Accra

WhatsApp: +233 244 49 9971

Phone: +233 302 438 064

Email: [email protected]

IFCN
  • Submit a claim to verify
  • Contact
  • Corrections
  • Team
  • About
  • Funding
  • How we work
  • Partners
  • Principles
  • Privacy Policy

© 2025 Ghana Fact - All rights reserved - Web development by EnspireFX websites.

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Contact Us
  • Governance
  • Politics
    • Election 2020
    • Election 2024
  • Economy
  • Health
    • COVID-19
  • Environment
  • Other Checks
  • AI & Deepfakes
  • Who We Are
    • About Us
      • Partners
      • Press Releases
      • Principles
      • Privacy Policy
    • How we work
    • Submit a claim to check
    • GhanaFact Team
    • Funding
    • Corrections

© 2025 Ghana Fact - All rights reserved - Web development by EnspireFX websites.