Artiste manager, Lawrence Nana Asiamah Hanson, popularly known as Bullgod, has opened up about his personal resentment toward former President Nana Addo Dankwa Akufo-Addo, holding him responsible for the collapse of the gold dealership firm, Menzgold Ghana Limited.
Speaking in an interview with George Quaye on Joy Prime on Wednesday, October 1, Bullgod disclosed that he lost one million cedis when Menzgold was shut down under the Akufo-Addo administration.
When asked whether his issues with the former president were personal, Bullgod did not mince words. “Yes. Because under his watch, I lost a million cedis at Menzgold,” he said.
He argued that just as sitting presidents are held accountable for national challenges such as illegal mining (galamsey), the government should equally take responsibility for the financial disaster caused by the closure of Menzgold.
“This regime… if anybody comes in to attack us right now, whose responsibility is that? So you should understand that if you want to shut down Menzgold, fine. But give it time, make sure Menzgold pays out everybody,” he explained.
Bullgod stressed that the abrupt closure of the company left thousands of customers stranded, with devastating consequences. According to him, victims have lost not only their investments but also their livelihoods, marriages, and in some tragic cases, their lives.
Menzgold, founded by Nana Appiah Mensah—popularly known as NAM 1—rose to prominence by promising investors monthly returns of between 7 and 10 percent. The company initially operated under the names Menzbank and Menzbanc but rebranded as Menzgold after the Bank of Ghana warned it was misrepresenting itself as a licensed financial institution.
Despite repeated regulatory red flags, Menzgold attracted thousands of investors until it was eventually declared illegal and ordered shut by the government. The closure sparked widespread public anger and financial losses, with many customers still fighting to recover their funds.
For Bullgod, the pain of that loss remains deeply personal, and he continues to hold the former president accountable for what he describes as poor handling of the situation.
