3,000 Ghanaian depositors risk losing over $800K saved with cryptocurrency

The owners and directors of the deposit-taking institution have absconded with more than $800,000 belonging to depositors.


According to Mr Amoah, the Global Coin Community Help (GCCH), promised clients 27 percent monthly returns for a year on their deposits.

However, the owners and directors of the deposit-taking institution have absconded with more than $800,000 of depositors’ funds.

The GCCH directors being sought by the security agencies are Mr. David Opatey and Mr. Kwaku Damete Kumi.


According to Mr Amoah GCCH was not licensed but it runs as a crypto-currency syndicate and allegedly swindled more than 3,000 people of their deposits. He added that the least depositor had $1000 saved while the highest depositor had more than $40,000 in his or her account.

The company tells its customers that it will pay them an interest of 27 per cent 12 months on their deposits, after which the principal and interests expires.

However, the company was unable to pay the interest and principal. They migrated all depositors onto a trading platform called mintcrtx, where coins were offered to depositors based on the value of their investment and deposits.

Each coin was valued at $4 and traded on the platform which was created and controlled by the owners and the directors of GCCH.

A coin worth $4 has never traded above this price. Recently it was traded even below a dollar.


Meanwhile, the offices of GCCH in Nsawam in the Eastern Region and Haatso in the Greater Accra Region have been closed down and customers are agitated. They have called on state agencies to help them retrieve their money.


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