Ghanaian artiste, Stonebwoy has expressed worry about the potential of the challenges facing gold firm MenzGold affecting other companies owned by its founder.
The Zylofon Media act is of the opinion the embattled company being the “foundation” could lead to “shake-ups” in other companies of Nana Appiah Mensah.
“Mother company Menzgold, we all know and trust that it is a gold trading company that seeks to have people buy gold and trade gold with them. Sincerely Menzgold has financed and I’m sure that it has always been the foundation of all the other handles, Zylofon Media, Zylofon cash etc,” explained Stonebwoy to KOD on The Zone on Starr 103.5 FM.
“It’s actually true that since the mother company which is the foundation is trembling now, there’ll definitely be shake-ups in these organizations and it worries me.”
In September 2018, MenzGold was ordered to suspend their operations with the public with immediate effect.
In a letter dated September 7, the Security and Exchanges Commission said it has thoroughly investigated the activities of Menzgold and has found that the firm does not have the license to trade in gold collectibles.