A once-respected professional teacher in Damongo, located in the Savannah Region, is on the verge of taking his own life after losing almost GHS400,000 in a failed forex trading venture.
The man, who began trading online about 3 to 4 years ago, said he initially made significant profits, which encouraged him to invest more. However, those early gains quickly turned into devastating losses.
In a bid to recover, he sold valuable stock from his thriving electrical shop, rented out the space, and reinvested everything, only to lose it all.
The Damongo teacher’s forex trading loss story has shocked the community. The teacher, known for his generosity and for supporting underprivileged students, said his situation worsened when he sold off personal items and a piece of family land in a final attempt to regain his losses.
His parents, unaware of the land sale, are said to be furious after learning the truth, deepening his emotional turmoil.
In a heartbreaking message, the teacher has apologized to his family and everyone who once looked up to him. He admitted that he sees no purpose in continuing life and is battling intense emotional and psychological distress.
The case has sparked conversations about mental health awareness, financial literacy, and the risks of speculative online investments.
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