It is not appealing to own a record label in Ghana— Da Hammer bemoans
The Chief Executive Officer (CEO) of the Last Two Music Group, Edward Nana Poku Osei popularly known in the showbiz arena as Da Hammer has bemoaned that owning a record label in country is not an easy task due to the lack of investors in the sector to run the business.
In addition, he said many record labels have collapsed in the country leaving talented musicians to risk on their own to stand in the industry.
Speaking in an interview with Joy in Accra as monitored by SpotOnNews, Hammer said the lack of financiers in the industry was not making the work appealing.
“Now many record label owners have ventured into other fields to gain money because the job is not attractive anymore. Financiers are not there to fund it so it is quite expensive to own a record label in Ghana,” he added.
Hammer explained further that in those years due to lack of finances record labels were divided into camps: the last two camp, Jay Q camp among others to produce and properly groom talent to promote the craft of the country.
He then lauded the CEO of Lynx Entertainment, Richie Mensah for successfully running a record label in the country.
Hammer indicated that Richie deserved all the accolades and standing ovation for grooming leading talents in the country, Kuami Eugene and KiDi.
He noted that it was quite a risk for a record label to be investing into crafts of artistes, stressing that “so I respect Richie a lot for investing into his label and successfully running it because it is quite expensive.”