Nana Appiah Mensah, Chief Executive Officer of Menzgold and media company Zylofon, says he has no regrets investing in the entertainment industry after his long battle with the Bank of Ghana (BoG) and Security and Exchange Commission (SEC).
Mr Mensah’s gold dealership firm, Menzgold, was shut down by BoG and SEC for not having the right documents to regulate his company.
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He was again declared wanted when he left the country in pursuit of his money in a gold deal that went wrong.
His sister company, Zylofon Media, which somehow depended on Menzgold, Ghana to operate, was hugely affected by the crisis.
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A-list artistes such as Shatta Wale, Stonebwoy, Joyce Blessing, Becca, Kumi Guitar among others were signed to Zylofon Media but couldn’t live up to their contract after the company got involved in the scuffle.
Some people have, therefore, suggested that he shuns investing in the entertainment industry.
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Opening up, Mr Mensah said, “I have no regret because it was a business decision and I do not believe or do businesses that you start today and rip tomorrow. I am with respect, a generational sort of. Everything you have seen with Zylofon, except the issues, everything is calculated to achieve a certain positive effect. Soon in the future you will see a well vibrant digital Zylofon media with global effect.”
Source: Adomonline.com | Dennis K. Adu
