A professional teacher in Damongo, located in Ghana’s Savannah Region, is in severe emotional distress after losing nearly GHS400,000 to online forex trading—a financial setback that has reportedly pushed him to the brink of suicide.
The man, once admired for running a successful electrical store and offering financial help to students in need, said his troubles began after initial wins in forex markets lured him into investing heavily. Encouraged by early profits, he poured in more capital over time.
However, the tables turned. As losses piled up, he started liquidating his assets in an effort to recover his money. He sold inventory from his shop, eventually rented out the entire premises, and diverted all funds into what became a downward spiral.
In a move that strained family relationships, the teacher also sold off a piece of family-owned land without informing his relatives—an action that sparked outrage when his parents found out.
The fallout has left him feeling isolated and hopeless. According to those close to him, he now questions the value of life and has expressed thoughts of ending it all, unable to cope with the weight of financial ruin and the shame it has brought.
What began as a promising side hustle has turned into a tragic tale of ruin, highlighting the devastating consequences that can follow risky financial ventures. Local residents and concerned individuals are now urging mental health professionals and community leaders to step in and offer him the support he needs.
Source: NewsandVibes.com
