A professional teacher in Damongo, Savannah Region, is in a state of emotional distress after reportedly losing nearly GHS400,000 through online forex trading. The teacher, once admired for his community support and successful business, now says he is contemplating suicide due to the massive financial loss and pressure from family.
According to him, he began forex trading around 3 to 4 years ago and initially made impressive profits. Encouraged by the early gains, he decided to invest even more money into the trade. However, things took a tragic turn when the market shifted, and he began suffering consistent losses.
In a desperate effort to recover his funds, the teacher said he sold stock from his previously thriving electrical shop and eventually rented out the shop itself. Every cedi he got was pumped back into the trade, hoping for a turnaround that never came.
His situation worsened as he sold off personal belongings and even a piece of family land—without his parents’ knowledge—all in a final attempt to recover what he had lost. That move has since sparked backlash from his family, who were only recently informed of the land sale.
Once known for supporting needy students and helping others in his community, the teacher is now battling emotional and psychological stress. He has issued a heartfelt apology to his parents and all who once looked up to him, saying he feels he has let everyone down.
“I don’t see the reason to live anymore,” he reportedly said, overwhelmed by the weight of his losses and the disappointment of those around him.
Mental health professionals and community leaders are being urged to step in and offer support as the situation unfolds.
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