MenzGold has my money – frustrated Kumi Guitar speaks

Written by on October 21, 2018

Kumi Guitar, a highlife musician from Ghana and a singer signed on to Zylofon Music, a sister company of MenzGold revealed on radio that, he has invested substantial cash with the embattled gold dealership company awaiting his dividends or principal payments.

Saltfmonline.com observed his reaction in an interview with Agyemang Prempeh, host of Power Entertainment on Power 97.9 FM – Accra on Saturday, October 20, 2018, Kumi Guitar explained that just like the over a million frustrated clients of the company whose funds are locked up, he wished the company commenced its operations so all clients could get their dividends from investing in the company.

“I have invested there. I wish this storm is over so the business continues,” He opined

Kumi Guitar will however not disclose the exact amount he has invested in MenzGold when asked by the presenter.

HALT ON MENZGOLD TRADING OPERATIONS

It will be recalled that the Ghana Security and Exchange Commission (SEC) ordered the company to shut its vaults and halt operations alleging that MenzGold did not have the requisite license to deal in the purchase and deposit of gold collectibles from the public and issue contracts with guaranteed returns with clients, thereby violating the laws of Ghana.

The investments of the customers have since been locked up following the suspension of the company’s gold vault market services since Thursday, September 13, 2018.

Kumi Guitar who is known in private life as Nana Yaw Kumi has endeared himself to Ghanaians both home and in the diaspora with his creativity that comes to play in his songs.

He is the composer of the popular ‘Break into two’ track which is still appealing to lovers of highlife. Apart from his ‘Betweener’ hit, he has songs like ‘Kokonsa’, ‘Brown Sugar’, ‘Problems’, and ‘victims’ which he dedicated to the victims of the Atomic gas explosion in 2017.

He is expected to release his debut album in December this year which has a song he did with Shatta Wale.

Source: Power FM, Accra Ghana


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