‘Another Incoming Nam 1’ Ghanaians Panic As Ghanaian Billionaire Cheddar Launches Freedom Coin

Some Ghanaians have expressed concerns about the yet to be launched Freedom Coin by Nana Kwame Bediako, also known as, Cheddar.

They think the cryptocurrency could be a camouflage, which could lead to many people being duped.

These concerns come after the Bank of Ghana warned Ghanaians not to invest in the Freedom Coin in a press statement on Wednesday, March 9, 2022.

In a clear rebuttal, Nana Kwame Bediako wrote on Twitter that the Central Bank should worry about solving the cedi’s depreciation rather than bothering about Freedom Coin.

As a result of the fears expressed by of some members of the public, they have equated Freedom Coin to Menzgold, a gold dealership and investment company that was established by Nana Appiah Mensah, popularly called, Nam 1.

This is how Nam 1 behaved when SEC called him out https://t.co/1vQxpQ5yuw

— kwabena (@agyenim_boaten) March 10, 2022

If I see it's growing and getting a lot of attention like after a year or 2 then I cashout fast before he pull a Nam 1 pic.twitter.com/wbzREBd4tf

— ANGEL TOPEDO 🤺 (@ThoughtPillow) March 10, 2022