Tag: GN Savings and Loans
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High Court advises Receiver to stay off GN Savings and Loans
The High Court has advised lawyers for the Bank of Ghana not to undermine the current injunction suit against the revocation of the license of GN Bank. The judge justice Koomson who gave the caution said the due to the pending application, all action or processes being undertaken must be put on hold till a…
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Nduom takes on BoG, Ofori-Atta over GN Savings and Loans collapse
The Chairman of Groupe Nduom, Papa Kwesi Nduom has sued the Bank of Ghana; Finance Minister, Ken Ofori Atta; Attorney General, Gloria Akuffo; and receiver for GN Savings and Loans, Eric Nana Nipah. Mr. Ndoum wants the court to among other things quash the decision of the Bank of Ghana to revoke the license of…
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Nduom urges staff to remain calm after GN Savings and Loans shutdown
President and Chairman of Groupe Nduom, Dr. Papa Kwesi Nduom, has asked his employees to remain calm and also be apprised with the facts surrounding the decision by the Bank of Ghana to takeover GN Savings and Loans company. Dr. Nduom in an address to his staff called on them to remember that the foundation…
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About 1,400 workers of GN Savings and Loans fate hangs
The fate of close to 1,400 workers of the collapsed GN Savings and Loans hangs in the balance after the central bank’s decision to revoke their operating license. The company recently applied to downgrade its operations to savings and loans after operating as a bank for a couple of years. GN Savings and Loans until…