Menzgold Shut Down Not Good For Ghanaians – Stonebwoy

Burniton(BHIM) Nation boss, Stonebwoy has lamented over the current saga of the investing company Menzgold.

According to the Zylofon Music signee, the current controversies surrounding the company is not good for Ghanaians.

He further added that the development worries him because he is not happy about

the effect it is having on Ghanaians.

He told KOD on the ‘Zone’ on Starr FM Tuesday that;

“from a Ghanaian point of view, a layman point of view, who just has seen an opportunity by a Ghanaian for a Ghanaian from a Ghanaian, and being affected, we are affected, and it is not good for us“.

Stonebwoy however praised the Menzgold CEO, Nana Appiah Mensah for the Zylofon dream.

Meanwhile, the gold Firm has said it has commenced efforts to pay premiums of all

customers in the next three months.

The firm has however scrapped the payment of dividends as was the situation until its

impasse with regulator the Securities and Exchange Commission.

Menzgold in a statement Monday said it will begin the payment of the staggered premiums

today Tuesday October 9, following an agreement with customers and other stakeholders.

“Menzgold Ghana limited noting that the principal concerns of its customers is for the return of their primary value of gold traded with company, has agreed and proposes to pay and return to every customer the full value of gold traded, in 90 days commencing Tuesday October 9,” the company said in a statement.