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CASH VIDEO: Gold dealership firm says cash legitimately withdrawn from bank for payments

The viral video led to a host of conspiracy theories and caused a rash of speculation on the internet as to the source of the cash

The gold dealership Brenley Quartz Company Ltd says a video clip that has gone viral, showing a group of young men arranging bulk cash, was filmed on their office premises about three months ago, and that it had nothing to do with the government or any government official.

According to the official website of the company, Brenley Quartz is a gold exporting company with registration number CS 052402019. It was incorporated on 22 February 2019 and launched its business in Ghana on the same day.

The company website further says that the functions of the company are: dealers in precious minerals, import and export of gold and other precious minerals, gold extraction services and supply and installation of mining equipment.

Checks at the Register General’s Department confirm the claim by Brenley Quartz Company Ltd that its board of directors are Isaac Okyere, Jeffery Asamoah, Yawson Appiah and Ransford Baah.

The directors, according to the records at the Register General’s Department, own 500 shares each.

 

After taking a select group of journalists on a tour of their office building,where the viral clip was shot, located in Osu Ako-Adjei, behind the head office of Kingdom Bookshop, one of the directors of the company disclosed that Brenley Quartz, as part of its business practice, deals in bulk cash, which it uses regularly to pay gold suppliers.

He further said that the monies in the viral video amounted to roughly GHC17 million. The sum was cashed from Zenith Bank Ghana, he said, and delivered to the Brenley Quartz office by an armed police escort, as is the company’s practice any time it takes delivery of bulk cash for payments.

He added that since the clip was shot, there had been several other bulk withdrawals by the company, some of which were much larger amounts than the GHC17 million captured in the clip.

Explaining the circumstances in which the viral video footage was taken and later went public, the Brenley Quartz official said it was captured by one of the company’s employees while packing the bulk cash.

The staff member kept the clip on his phone for several months. It entered the public domain after he swapped his Android phone for an iPhone at a mobile phone dealership in Accra.

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