I have invested a lot in Menzgold - Shatta Wale

I have invested a lot in Menzgold - Shatta Wale

Multiple award-winning dancehall artiste, Shatta Wale, has admitted that he has a sizable investment in embattled gold trading company, Menzgold Ghana Limited, YEN.com.gh has learnt.

Shatta Wale, who is signed onto Zylofon Media, the entertainment company owned by Menzgold Chief Executive Officer (CEO), Nana Appiah Mensah, indicated that he was “very much” into the business when asked if he had invested in the company.

“I’m very much [into investment]. I’m number one, the whole Ghana,” he added.

READ ALSO: Ghana-U.S. reach diplomatic agreement to deport 7000 persons

The 'Dem Confuse' singer however did not state the amount he had invested with the embattled gold hub.

He called on the government to dialogue with the owners of the company in order to find a cordial resolution to the current impasse, which saw the company shut down its operations temporarily.

Shatta Wale stated that the harsh economic conditions Ghanaians faced now could drive them into crime and went on to appeal to the government to address the current economic concerns.

Menzgold Ghana Limited and the Securities and Exchange Commission (SEC) have been all over the place after the latter earlier in September ordered Menzgold to suspend its gold trading operations with the public.

READ ALSO: Young Ghanaian midwife delivers pregnant woman of her baby on a moving bus (Photos)

Menzgold heeded to SEC and suspended its gold vault activities and dividend payments earlier in September and promised to resume work on September 19.

However, a communication coming from Menzgold revealed that inconclusive talks with SEC was going to result in an extension of their suspension to September 28.

Following the issues surrounding the gold hub, award-winning journalist, Israel Laryea, came out with a video report about findings he made from the Menzgold branch in UK.

The report got to Nana Appiah Mensah, affectionately called NAM1 and he angrily attacked the journalist over his report.

READ ALSO: Ex-Obengfo staff reportedly leaks list of top stars who visited the hospital

Award-winning gospel act, Joyce Blessing, also took to social media to tear a fan into pieces after he name popped up in the Menzgold brouhaha.

Young Ghanaian millionaire, Ibrah One, has also put his life on the line and has indicated his readiness of ending it all should Menzgold return to business on the promised date of September 28.

This followed an allegation he made about how Nana Appiah Mensah spent the monies of Menzgold's clients.

Nana Appiah Mensah however came out to hit back at Ibrah One and revealed why he was desperately trying to discredit his work.

READ ALSO: Photo: Mother of 5 children goes back to JHS after childbirth

Watch: Ghana News Today: Drivers angry over hike in Fuel price | Yen.com.gh

Subscribe to watch new videos

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
Sarkodie’s wife turns model; drops beautiful photo on the runway

Sarkodie’s wife turns model; drops beautiful photo on the runway

Sarkodie’s wife turns model; drops beautiful photo on the runway
YEN.com.gh
Mailfire view pixel