Shatta Wale and Nana Appiah Mensah, CEO of Zylofon Media
Reggae and dancehall artiste Shatta Wale has thrown his weight behind business mogul Nana Appiah Mensah in the Menzgold-BoG saga.
The Zylofon Music signee in a series of tweets pleaded with the first gentleman of the land to help end the troubles of the Menzgold boss. He opined that NAM1 has contributed immensely to the Ghanaian music industry hence needs to be encouraged to do more instead of tormenting him with different issues each day.
The tweets Zionfelix.net sighted on his page said: “If Zylofon or Menzgold go down it means you don’t care about we the youth of Gh!”
So Mr President are you saying Ken Ofori Atta has votes more than your own son Shatta Wale..How can they bring down a structure that is in Favor of the youths of Ghana all in the name of politics..If Zylofon or Menzgold go down it means you don’t care about we the youth of Gh!
Since the History of Ghana music no man can boldly say he has had love like nana Appiah mensah..Mr president thru your government this man came up !! Please don’t let Ghana down with this change Zylofon has brought in your own campaign agenda which was “CHANGE”
Nana Appiah has paid his dues in this country ,He didn’t just pop up.Laws yes ,But Mr president I know the youth of Ghana is your main target just for us to remember you one day ..Please if your governance will end the future dream of our arts and culture then ago shock waa!!
Don’t tell me about Laws because these laws have been there but never worked for Gh musicians until Nana Appiah Mensah stepped in showed some of us the way..Please Mr President do something about it for us who still have hope in your governance !!! I salute !!” Shatta Wale tweeted
The Bank of Ghana (BoG) issued a public notice that it is in discussions with relevant regulatory authorities to sanction Menzgold Company Limited for engaging in “solicitation, receipt of money or investment and the payment of dividends or returns to its clients” without a licence to do so.
The BoG, in a public notice signed by Mrs Caroline Otoo, Secretary to Governor Dr Ernest Addison, said in spite of several of cautions to Menzgold Ghana Company Limited to desist from the act, it persists in its deposit-taking activity in breach of section 6(1) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930).
But the Chief Executive Officer of Menzgold, Nana Appiah Mensah, in a response to BoG on Twitter wrote “ TODAY’s JOKE: Bank of Ghana, so now you dey do propaganda…I beg paa Tell Ghanaians exactly what happened with the 5 or so collapsed banks you duly LICENSED & SUPERVISED for years. Please don’t attempt 1 to use our dear Menzgold to cover up… I beg make we think!”
The company followed up with the statement describing the notice by BoG as “unfortunate and insensitive.”