transactions

After The Times raised questions about those transactions, the outside consultant that handled LACAHSA’s CEO search said it did not research individual deals, which it said was beyond the scope of its responsibilities.

During this period, gold transactions would only be carried out in Ghana cedis, the local currency, and priced based on the Bank of Ghana rates.

For some, the situation brings back painful memories from 2016 when another popular financial scheme, called MMM, froze its transactions, leaving many investors heartbroken.

Mr Nolan said there had only been 34 transactions on the coin, which would have led to a profit of about £225.

Analysts say the pickup in consumer purchases is likely to prove temporary, or an acceleration of transactions that would have happened anyway.