Gov't should have arrested NAM1 long ago - Ato Forson

He said the arrest warrant should have come in September, 2018 when the Securities and Exchange Commission (SEC) ordered Menzgold to stop their online trading platform.

“You [government] have given this company four clear months to possibly hide people’s deposits...you gave them the possibility of selling assets and find a nice way to repatriate the monies to where it should be in safe haven", he said.

Yesterday, an Accra Circuit Court issued an arrest warrant after his investment company failed to refund clients’ money and dividends.

There are also warrants for the arrest of one Rose Tetteh, believed to be the wife of Nana Appiah Mensah and one Benedicta Appiah, said to be his sister.

CEO of Menzgold, Nana Appiah Mensah Pulse Ghana

Ato Forson, who is also a ranking member of the Finance Committee in Parliament, added that: “Giving four clear months to someone you claim is operating illegally...if they believed in themselves that indeed the guy was operating illegally, the very day they asked the company to stop operations they should have moved in the same day".

“They should have requested for his arrest [when they halted operations of Menzgold], and ensure that all assets belonging to Menzgold are frozen at that point,” he added.