Tag: Groupe Nduom
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How long must we wait for justice? – Nduom asks as GN Savings’ case suffers more adjournments
Chairman of Groupe Nduom, Dr. Papa Kwesi Nduom, says he is looking forward to securing victory in the lawsuit against the Bank of Ghana for the restoration of the license of GN Savings and Loans Company. He says his interest is to pay customers of the company of Goldcoast Fund Management now Blackshield Fund Management…
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GN Savings & Loans case: Ndoum urges court to reject BoG, Receiver’s evidence
Lawyers for Dr. Papa Kwesi Ndoum have asked the High Court to reject the evidence being relied on by the Bank of Ghana and the Receiver of GN Savings & Loans justifying their decision to revoke the license of the financial institution. According to the lawyers, some documents filed by the defendants such as their…
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Receiver given 10 days to respond to GN Savings’ suit over license revocation
The Receiver of GN Savings and Loans Company, has been given a deadline of May 21, to file a response to the suit challenging the revocation of the company’s license. The deadline was given after the Receiver failed to meet the 10-day period given to it and two other defendants to file their responses. The…
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Order BoG to restore our license – Owners of GN Savings pray High Court
The shareholders of GN Savings and Loans are praying the High Court to order the Bank of Ghana (BoG) to restore their specialised deposit-taking licence.This was contained in the written address that the lawyers filed on behalf of the shareholders. “These actions were taken pursuant to Section 123 (1) of the Banks and Specialised Deposit-Taking…
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Groupe Nduom requests receiver to provide update on defunct GN Savings & Loans
Dr. Papa Kwesi Nduom and Groupe Nduom Limited, the shareholders of GN Savings and Loans, which was placed into receivership last year by the Bank of Ghana, have written to the receiver requesting a meeting over the progress made so far. The shareholders of the company, who are already contesting the BoG’s decision in court…
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Over 3,000 Groupe Nduom employees jobless after banking sector clean-up – Nduom
The Chairman of Groupe Nduom, Dr. Papa Kwesi Ndoum, has disclosed that more than 3,000 of his employees lost their jobs as a result of the banking sector clean-up. Dr. Ndoum’s GN Bank which was one of his numerous businesses, was downgraded to a savings and loans company in the early part of 2019. One…
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Ndoum resigns from board of Gold Coast Brokerage; changes company’s name
The Chairman of Groupe Nduom, Dr. Papa Kwesi Nduom has resigned from the Board of Gold Coast Brokerage Limited. A statement from the Ghana Stock Exchange to Citi Business News confirmed the announcement. Dr. Papa Kwesi Nduom is resigning from the Board together with Patrick Kobina Anumel. They are being replaced by Dr. Olivia Anku-Tsede,…
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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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Nduom takes on government in court to retrieve GHS2.2 billion
Ghana Growth Fund, a subsidiary of Groupe Ndoum, has commenced a number of legal suits against the Finance Ministry as well as other ministries, in a last-ditch attempt to retrieve over GHS2.2 billion owed to the company. The embattled company in its first three separate suits is chasing the Finance and Roads and Highways ministries…
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Dr. Nduom leads campaign to stop panic withdrawals
Following recent developments of panic withdrawals within the financial sector, the Chairman of GN Bank, Dr. Papa Kwesi Nduom will lead a team of bank officials to begin a tour of the ten regions on Wednesday 3rd October with the theme “STOP THE PANIC WITHDRAWALS AND STRENGHTEN OUR INDIGENOUS BANKS”. The team will use the…