Menzgold Case: Supreme Court dismisses NAM1's bid to stop trial

The Supreme Court has on dismissed an application by Nana Appiah Mensah (NAM1) seeking to overturn earlier rulings by the High Court and the Court of Appeal in his ongoing criminal trial.

According to the apex court, the embattled Menzgold CEO must open his defence as ordered by the High Court in 2024.

At an earlier hearing, NAM1’s legal team asked the Court of Appeal to pause the trial while they challenged the directive requiring him to open his defence.

Menzgold Case: Appeals court dismisses NAM1's application to halt criminal trial

However, on May 19, 2025, a three-member panel, Justices Gbiel Simon Suurbaareh, Afia Serwaa Asare-Botwe, and Christopher Archer, subsequently rejected the stay application, stating that no exceptional grounds had been demonstrated.

NAM1 then appealed to the Supreme Court, which also dismissed his request on December 10, 2025.

Reacting to the decision on Wednesday, spokesperson for aggrieved Menzgold customers, Frederick Forson, welcomed the ruling, saying it paves the way for the long-delayed High Court trial to continue.

Aggrieved MenzGold customers call on Chief Justice to expedite NAM1 trial

“Our understanding is that the High Court trial can now proceed.Today, we were also told that they will file their reasons on the 17th of this month [December 2025]. So, as directed earlier, we will return to the High Court on the 16th, which is next week. We are very happy, and we appreciate what the court has done, just that it has kept long,” Forson stated.

Menzgold Ghana Limited, owned by NAM1, burst onto the scene offering high-return gold collectible investments but operated without the required licences from the Bank of Ghana and the Securities and Exchange Commission, despite repeated warnings from regulators.

The company was shut down by the Securities and Exchange Commission in 2018, leaving thousands of customers with locked-up funds.

Nana Appiah Mensah now faces charges including unlicensed gold trading, fraud, and money laundering, with the case delayed for years by multiple appeals.

MA

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