Zylofon Music artiste, Stonebwoy has expressed worry over the future of embattled Menzgold Ghana Limited.

He indicated that, companies such as  Zylofon Media and Zylofon cash which are financially stable with the help of Menzgold and its recent issues makes him unhappy because Menzgold’s shut down may cause great harm.

Speaking on Starr FM, the BHIM Nation boss said;

“Mother company Menzgold, we all know and trust that it is a gold trading company that seeks to have people buy gold and trade gold with them. Sincerely Menzgold has financed and I’m sure that it has always been the foundation of all the other handles, Zylofon Media, Zylofon cash etc.

It’s actually true that since the mother company which is the foundation is trembling now, there’ll definitely be shake-ups in these organizations and it worries me.”

The Zylofon Music signed artiste emphasized that, he believes Menzgold, a firm owned by Nana Appiah Mensah has done a lot of good to the Ghana entertainment industry than harm.

“Ghanaians saw the way the movement was and how it was helping Ghanaians and really continues to help Ghanaians both from the media side and the Menzgold side where people could buy and trade in gold to get dividends from 10%.”

Menzgold on the other hand has assured its customers who wish to terminate their investment transaction with the company of full payment of their principal in 90 days and have pleaded for sometime due to it issues with BOG.

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In a statement that was released and signed by Head of Communications of the company, Nii Amarh Amartefio, Menzgold indicated;

“Should Menzgold succeed in reaching an amicable resolution with the authorities, customers wishing to continue trading with Menzgold are free to exercise the option of continuing to trade with us. Similarly, customers wishing to terminate their business with Menzgold are free to do so and should be rest assured of their full payment in 90-days as stipulated.”

Meanwhile, the firm has taken a legal actions against the Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) following weeks of misunderstanding.