Menzgold shut down not good for Ghanaians – Stonebwoy

Ghanaian reggae and dancehall musician Stonebwoy has lamented over the Menzgold saga, describing it as not good for Ghanaians.

The Zylofon artiste said 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 also praised the Menzgold CEO for the Zylofon dream.

Meanwhile, the gold Firm Menzgold 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.