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Just when the country is coming to terms with the billions of investors’ funds locked up in troubled gold dealer Menzgold, angry customers are mounting pressure on the government to help retrieve over GHC 135 million of untraceable an alleged cryptocurrency company called Global Coin Community Help (GCCH).
Reports indicate that over 110,000 customers have been caught stranded in the cryptocurrency scam operated by one Kwaku Damete Kumi and David Opatey.
Whatsup News gathered that the problem started in late 2018 when customers started getting stories from the company when they went to claim their promised 27% monthly interest of their investment in GCCH.
Whatsup News gathered that in December 2018, the Bank of Ghana (BoG) cautioned against investment in GHCC, alongside six other similar financial scams. However, by January 2019, it became clear to customers that their locked investments may never be retrieved and are seeking help from the government to retrieve them.
This brewing tension within GHCC customers is fast taking on proportions similar to that of Menzgold Ghana, which has dominated public discourse following the closure of the controversial gold dealership by the financial sector regulators.
It is believed that approximately 1.8 million Ghanaians have their investments running into several billions of Ghana cedis locked up in Menzgold.
The virtual currency trading firm, GCCH allegedly offered investors 27% interest on their principal investments every month for a year.
The principal investments of the depositors and interests payments by the company would then expire after a year with depositors expected to earn back their investments after just four months.
Meanwhile, the Economic and Organised Crime Office (EOCO) has been on the trail of the directors of GHCC. They had been invited for questioning, but it is unclear what arrangements had been agreed upon to retrieve the locked investments.