Ricky Nana Agyemang, affectionately known as Bullet has asserted that operating a record label in Ghana isn’t a viable business idea because “Ghana is not a place to operate a record label business.”
According to the CEO of Rufftown Records, the revenue record labels generate isn’t just from shows their artistes perform at but also from endorsement deals.
Speaking bitterly on the whole business management of record labels, Bullet divulged that in no time there will be no record labels in Ghana because of the stringent laws that have been put in place by the FDA and now the Gaming Commission of Ghana which restricts artistes of gaining specific ambassadorial deals.
In light of this, Bullet has stated his intentions of moving Rufftown Records to Nigeria.
He made these assertions via his official Instagram page.
“Ghana is not a place to operate a record label business and this is very sad.
Record labels do not make money from just shows where their artistes are billed to perform, majority of the money comes from endorsement deals.
You people are always goofing with your laws.
Do you guys have any idea of the devastasting effects of covid-19 on the creative arts.