Restoration of GN Saving and Loans License: Dr. Nduom Hails Decision After ‘Difficult 7 Years’

Restoration of GN Saving and Loans License: Dr. Nduom hails decision after ‘difficult 7 years’

The Court of Appeal has officially restored the operating license of GN Savings and Loans, ending a protracted seven-year legal and regulatory battle for the financial institution. Reacting immediately to the judgment, the owner of GN Savings and Loans, Dr. Paa Kwesi Nduom, described the period following the bank’s closure as an incredibly challenging chapter … The post Restoration

We will be hitting the road very soon – Dr Nduom reacts after GN Savings licence is restored

Former presidential hopeful, Dr. Papa Kwesi Nduom, has reacted after the Court of Appeal unanimously restored the licence of GN Savings and Loans Company Limited, bringing renewed hope for the financial institution. Sharing a Bible verse on social media, the group struck a confident tone following the court ruling. “For I know the plans I have for you says the Lord, plans to prosper you and not to harm you, plans to give you hope and a future. J…

Ghana court restores Nduom's GN Savings licence

Ghana's Court of Appeal handed Papa Kwesi Nduom one of the most significant legal victories of his business career on Thursday, unanimously restoring the operating licence of GN Savings and Loans Company Limited and ordering that the institution's assets, management and control be returned to its shareholders after six years under receivership.A three-member appellate panel set aside the January 2024 High Court ruling that had upheld the Bank of…

Appeal Court orders immediate restoration of GN Savings and Loans license

The Court of Appeal has unanimously restored the license of GN Savings and Loans, reversing a previous High Court ruling that upheld its revocation. A three-member panel of the second-highest court quashed the original decision to shut down the financial institution. The appellate court ruled that the regulatory decision to revoke the license was both unfair and unreasonable. Speaking in an interview immediately after the judgment on Thursday, M…

Court of Appeal restores GN S&L licence

The Court of Appeal has unanimously restored the operating licence of GN Savings and Loans Company Limited, overturning both a High Court ruling and the Bank of Ghana’s (BoG) 2019 decision to revoke the institution’s licence. This has been described as a landmark legal victory for Groupe Nduom after nearly seven years of litigation. The three-member appellate panel held that the revocation was unfair and unreasonable, and ordered that the receiv…

Many have died, others lost their assets - Nduom recounts harrowing moment after revocation of GN Savings & Loan license

The Court of Appeal has unanimously quashed the High Court's decision which upheld the revocation of the licence of GN Savings and Loans Company Limited.