The Chief Executive Officer (CEO) of Groupe Nduom, Dr Papa Kwesi Nduom, has described as “widely inaccurate” the Bank of Ghana’s (BoG) statement that sought to justify why GN Savings and Loans Limited was closed down by the entity. “The statements within regarding GN Savings are wildly inaccurate. Given the detailed information provided to the BoG nearly a year ago, …
The Chairman of insolvent GN Savings and Loans, Dr Papa Kwesi Nduom, says his company would have been “highly liquid” if the Ministry of Finance and other government agencies had paid amounts owed to it. The BoG on Friday (August, 16, 2019) revoked the licences of GN Savings and Loans and 22 other insolvent savings and loans companies and finance …
Dr. Paa Kwesi Nduom has denied issuing a statement on the downgrading of GN Bank to a Savings and Loan company. He was reported as saying: “for all those wondering what’s going on. First let me assure you that I operate on the principle that every problem has a solution. We are working to keep GN Bank doors open …
