Tracy Sarkcess, Shatta Wale, and 1 other celebrity who defended Menzgold

Tracy Sarkcess, Shatta Wale, and 1 other celebrity who defended Menzgold

Menzgold Company Limited was shut down by the Securities Exchange Commission following some allegations.

According to the SEC, Menzgold was dealing in the purchase and deposit of gold collectibles from the public and issuing contracts with guaranteed returns with clients, without a valid license from the Commission.

This, according to the SEC, is in contravention of “section 109 of Act 929 with consequences under section 2016 (I) of the same Act.”

READ ALSO: Shut up - Sarkodie replies Shatta Wale

Therefore, the commission ordered Menzgold to desist from its trading activities.

This may come as a disappointing news to some key celebrities who defended Menzgold some time back when the company had a brawl with the Bank of Ghana.

Due to the shutdown of the gold trading company, these celebrities would feel somewhat ashamed that the defend it but it had still been shut down.

READ ALSO: Fans accuse Fella Makafui of wearing fake hips in latest photo

1. Tracy Sarkcess: Sarkodie’s wife was in heavily in the news for descending on the Bank of Ghana when it declared intention to close down Menzgold. Tracy defended the company, calling on BoG to pursue the banks and leave Menzgold alone. Tracy also admonished the BoG to know the difference between those squandering money and those helping others.

READ ALSO: Nigerian man accuses NACOB of detaining him illegally

2. Shatta Wale: As controversial as he is, Wale also waded into the BoG-Menzgold brawl, calling on President Akufo-Addo to intervene. In a series of tweet he sent to Akufo-Addo, Shatta Wale said he would be disappointed in the president if he refuses to speak for Menzgold. According to him, the Zylofon boss, Nana Appiah Mensah, was creating jobs for the youths of Ghana, therefore his businesses must be supported rather than attacked.

READ ALSO: Be calm; your investments are safe – Menzgold assures customers

3. Akoo Nana: The hiplife musician was one of the celebrities who defended Menzgold. As at the time Menzgold had the brawl with BoG, Akoo Nana had just been signed onto Zylofon Music, therefore, he felt the urge to support his new boss and his business.

READ ALSO: Man narrates story of how he met and fell in love with a jilted visually-impaired lady

There are other celebrities who would not be happy with the shutdown of Menzgold.

They include Joselyn Dumas, Jackie Appiah, who have been seen in Menzgold’s adverts over the past years.

It is no news that all members of the Zylofon group including Becca, Zynnell Zuh, Joyce Blessing, James Gardener, Stonebwoy, Toosweet Annang, Benedicta Gafah, Kumi Guitar, Bibi Bright, and others, would also be affected negatively over Menzgold shutdown.

Meanwhile, Nana Appiah Mensah has reacted angrily to the treatment meted out to Menzgold.

READ ALSO: Nana Appiah Mensah breaks silence on Menzgold shutdown and he is very angry

In an earlier report by YEN.com.gh, the Zylofon boss indicated that he is also a Ghanaian and deserves to be allowed to do his businesses without any attack.

The management of Menzgold have also assured their customers and investors that their investments are safe with the company.

They also revealed that the company’s lawyers have been contacted the deal with the ‘betrayal’ from the Securities Exchange Commission.

READ ALSO: Stonebwoy must sue Shatta Wale - Odi Ahenkan

Ghana News: President Akufo-Addo Receives Remains of Kofi Annan | #Yencomgh

Subscribe to watch new videos

READ ALSO: Twin sisters with same first name set to marry two different guys with same first names on same day

Have national and human interest issues to discuss?

Know someone who is extremely talented and needs recognition?

Your stories and photos are always welcome. Get interactive via our Facebook page

Source: Yen.com.gh

Related news
Photo of Nana Akufo-Addo and Rebecca’s wedding day pops up on the internet

Photo of Nana Akufo-Addo and Rebecca’s wedding day pops up on the internet

Photo of Nana Akufo-Addo and Rebecca’s wedding day pops up on the internet
YEN.com.gh
Mailfire view pixel