The Ghanaian owned gold dealership and investment company, Menzgold Ghana Limited was in September 2018 ordered by the Securities and Exchange Commission (SEC) to suspend their operations with the public.
Investigations conducted into the activities of Menzgold revealed that the Nana Appiah Mensah owned company does not have the license to trade in gold collectible and to guarantee returns. Subsequent information also revealed that lawyers of Menzgold failed to furnish SEC with detailed information on the operations of the company.
On the contrary, the one-time ambassador for Menzgold, Stonebwoy who by extension has a very good relationship with the Chief Executive of Menzgold, Nana Appiah Mensah (NAM 1), believes that the public were happy with the investment returns in the gold dealership company until government interference.
“From my point of understanding, I think that, minus the government interference, the public and the people were happy with an investment that they found. A company that sprang up that was okay, that they saw opportunities in to put in their hard earned monies to gain or to get returns,” he said.
“So we all saw an opportunity where we can grow and feed our families on the daily. I know a number of people who have made tons out of such an investment and there have been certain other investments similar to that one running regardless,” Stonebwoy added.
Speaking on GhOne TV’s Inside Out with Serwaa Amihere, Stonebwoy confirmed his 100 percent support for Menzgold and Nana Appiah Mensah for a company that Ghanaians saw an opportunity in.
Reiterating his sincere opinion on Menzgold operating a Ponzi scheme, the Ghanaian reggae/dancehall musician said, “I don’t know about that because everybody has been getting their monies from whenever, however. I stand to be corrected but I also know that I have the right to voice my sincere opinion and from where I see the dice”.
The Kpo K3K3 hitmaker was quick to express his displeasure in the manner the government of Ghana is handling the Nana Appiah Mensah and the Menzgold issue.
He is expecting the president, Nana Akufo-Addo as the father of the country too, however, address the issue to settle all the controversies and rumours.
“Absolutely, I am not because my fellow people are not happy. My country people are not happy and I think that some of the things we heard were that it is our fault that we invested in Menzgold,” he said.
The four (4) times reggae/dancehall award winner at the Vodafone Ghana Music Awards – VGMA did not disclose whether he has an investment locked up in Menzgold. His decision he deemed personal but spoke on behalf of everybody and people close to him who have their money in Menzgold.
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