Nana Yaw Kumi, a High-Life musician who talks about love, addressing societal issues & expressing his feelings through the lyrical content of his songs, and popularly known as Kumi Guitar, has revealed that his music career has been left unshaped due to the financial difficulties, and unpleasant, or embarrassing situation; predicament his record label encounted.
Signed on to a Ghanaian based and owned talent hub, recording and distribution firm; Zylofon Music, a subsidiary entity of Menzgold Ghana Limited, the “Betweener” hit-maker noted that, the Ghanaian entertainment industry ‘gatekeepers’ and traditional media tout their discussion towards the current unhealthy developments that has hit the label’s parent entity, neglecting his talent.
Following a thorough investigations of the activities of Menzgold Ghana Limited, the Securities and Exchange Commission (SEC) ordered the gold trading firm, owned by Nana Appiah Mensah to suspend its operations with the public with immediate effect, as the result of investigations states that, the firm does not have the requisite license to trade in gold collectibles from the public.
The statement explained that, interactions with representatives of Menzgold confirmed to SEC the view that the aspect of Menzgold’s business which involves purchase and deposit of gold collectibles and guaranteed returns is a capital market activity under Act 929 without a valid license issued by SEC which contravenes the law. It added that, subsequent requests have been made by SEC to Menzgold’s lawyers to furnish SEC with specific detailed information on the operations of the firm.
These developments is believed to have affected the operations of subsidiary companies to Menzgold Ghana Limited, as the Gold dealership entity is the source of finance to its subsidiaries, including Zylofon Music, Zylofon TV and Radio, etc.
However, speaking in an interview with Joy News’ Mzgee, Kumi Guitar revealed that, the Ghanaian traditional mass communication media and it players are interested in talking about the issues surrounding his label’s parent company Menzgold and not the information on the work he is promoting, explaining that, anytime he grants media interviews, the media practitioners divert from the his talent and music to initiate a discourse on the issues of the embattled gold trading firm.
According to Kumi Guitar, these obsessions with Menzgold during interviews has cost him a lot in his career including getting people to patronise his work and investing in him, pledging his alligence that, he is not going to let the standstill affect him as he’s working hard to get his works to the people. He urged the media to promote his decent works and avoid enburdening his with Menzgold issues.
Watch Kumi Guitar – Konkonsa below;
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