Shatta Wale has invested $5m into MenzGold

Shatta Wale, MenzGold, invested

Shatta Wale has admitted that, he has invested a sum of $5million into Ghana’s gold trading company, Menzgold Ghana Limited.

Shatta Wale, who is signed onto Zylofon Media, the entertainment company owned by Menzgold Chief Executive Officer (CEO), Nana Appiah Mensah, indicated that he doesn’t understand why Ghanaians are bothered about the recent issues MenzGold is facing and that, he who has investeed such huge amount isn’t bothered.

“People de say, the matter be delicate. Me too ma money dey there. A get 5 million dollars  for there, kosia do you know how it feels like? Let somebody watch how sort the matter so say we all go fi get wanna money, that one too somebody no de understand” captured.

Shatta Wale has previously called on the government to dialogue with the owners of the company in order to find a cordial resolution to the current impasse, which saw the company shut down its operations temporarily.

Watch video of Shatta Wale bragging;

Menzgold Ghana Limited and the Securities and Exchange Commission (SEC) have been all over the place after the latter earlier in September ordered Menzgold to suspend its gold trading operations with the public.

Menzgold Ghana Limited has announced that effective Friday September 28, it will re-start the payment of dividends accrued on the gold trade business to its customers.

Making that announcement at a press briefing Thursday evening, the Chief Executive Officer (CEO) of the company, Nana Yaw Osei, said the payment schedule would be based on the maturity period of the investments made by the customers, explaining that, it would be on first matured, first served basis.

He, however, added that customers who invested in the gold trade business from September 12 till Thursday, September 27 when the business was forcefully shut by the Securities and Exchange Commission (SEC) will not get any form of returns.

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