I’m In Pain – NAM1 Cries

by ghwishradioadmin20 August 201920 August 20190361

Nana Appiah Mensah addressing the media

Chief Executive Officer of embattled gold collectible firm, Menzgold Ghana Limited, Nana Appiah Mensah aka NAM1 says he is living with “excruciating pain”.

He told journalists this morning at a press conference in Accra that he has suffered blood clots in his pelvic area due to his nine month detention in Dubai and Ghana.

NAM 1 was recently released from police custody after an Accra High Court reviewed his earlier GH¢ 1 billion bail condition.

He was earlier standing trial in Dubai after his arrest there in connection with an alleged fraudulent gold deal.

Menzgold Ghana has been facing legal battle since the Securities and Exchange Commission (SEC) ordered it in September 2018 to halt its ‘illegal’ deposit taking business with the public.

NAM1 is believed to have traveled to the Emirates to retrieve the $39 million accordingly owed him by the Dubai firm to settle Menzgold clients.

Unfortunately, he ended up being arrested and has been standing trial in Dubai.

It is being rumoured that they are there to control tension in case aggrieved customers of Menzgold decide to storm the venue with demonstration.

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Ghana will receive €100 million this year from the German government under its ‘Compact with Africa’ Programme to support the country’s renewable energy sector. Germany is providing the funding through its technical cooperation agency, GIZ, and development bank, KfW. The two countries are currently finalising modalities of the financial support which will include technical and vocational training for Ghanaians in the renewable energy sector. Event The Deputy Head of Mission at the German Embassy, Mr Hans-Helge Sander, disclosed this at the opening of the 2017 West Africa Clean Energy and Environment (WACEE) Exhibition and Conference in Accra on Tuesday. “Ghana has been named as one of the three countries in Africa to benefit from the bilateral reform partnership within the G-20 ‘Compact with Africa’ Programme. The initiative will bring up to an additional €100 million to support the renewable energy sector in Ghana,” he said. Mr Sander explained that the financial support was a government-to-government arrangement, which meant that the federal government would task GIZ and KfW to implement Germany’s contribution. “I am pointing this out because lately, several private companies have approached the embassy with requests for information about how the private sector can benefit from the German offer. As I said, there will be no direct opening for cooperation between the German government and private companies,” the deputy head of mission stated. However, he added that there would be options for participation through public tenders and calls for proposal when KfW, GIZ and the Ghanaian government start implementing the funding from the compact. Asked how the fund would be implemented, Mr Sander told the Daily Graphic that the implementation would be done through the Government-goes-Solar initiative or other programmes. “Details of the implementation are still under discussion between the two governments,” he added. Measures The Director In-charge of Renewable and Alternative Energy at the Ministry of Energy, Mr Wisdom Ahiataku-Togobo, who represented the minister of energy, said the government was putting in place policies and measures to help attract private sector investment into the renewable energy sector. “Ghana has followed the footsteps of Germany and has enacted a Renewable Energy Act which seeks to create the enabling environment for attracting private sector investment in renewable energy and energy efficiency,” he said. He said the country had also realised some modest growth in the renewable energy sector as it could now boast a 22.5-megawatt (MW) capacity of utility scale solar farm. “We can also boast a waste-to-energy power plant in operation at Ashaiman which has tremendously improved the sanitation situation in the Ashaiman District,” he said, adding that the government intended to replicate that in other districts.

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