• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Banking & Finance

Dr. Nduom appeals to Governor Addison for reinstatement of GN Bank’s license

1 year ago
in Banking & Finance, Business, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
319
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Dr. Nduom appeals to Governor Addison for reinstatement of GN Bank’s license

Dr. Kwesi Nduom, founder of the defunct GN Bank, has issued an impassioned appeal to Dr. Ernest Addison, Governor of the Bank of Ghana (BoG), to review new evidence and reinstate the bank’s license, revoked in 2018 due to alleged insolvency.

Dr. Nduom argues that the bank’s assets remain viable and ready for operation.

He stressed the importance of maintaining GN Bank’s assets in good condition, suggesting the institution is poised to resume operations if given the opportunity.

“We are prepared to start working, even in our reclassified state as a savings and loans company. Once all the accounting is done, and funds begin to flow, it will be evident that GN Bank can thrive once more,” he noted.

New Evidence Challenges BoG’s Insolvency Claims

In a recent Facebook post, Dr. Nduom contested the BoG’s assertion of GN Bank’s capital inadequacy, referencing the 2019 GN Savings and Loans transition report.

RelatedPosts

AngloGold Ashanti Doubles Earnings and Free Cash Flow on Higher Gold Prices, Production Surge in Q2 2025

Africa’s Richest Country to Boost Continental Trade Ties After U.S. 30% Tariff Hit

Nigeria Hits Panic Button as West Africa Logs $2.1bn in Suspicious Crypto Transactions

He implored Dr. Addison to recognize the new facts presented, which he claims demonstrate the bank’s sufficient funds at the time of license revocation.

Regulatory Breaches Disputed by Dr Nduom

The BoG cited significant regulatory breaches and failure to meet crucial financial regulations as reasons for the license revocation.

Dr. Nduom, however, vehemently disputes these claims, asserting that the new evidence submitted should prompt a reconsideration of the decision.

Dr. Nduom envisions the reinstatement of GN Bank’s license leading to the reemployment of thousands and the reopening of hundreds of branches, bolstering financial inclusion.

“What we are looking for is to go back and put thousands of people back to work and restore financial services to our network,” he stated.

Capital Requirements and Asset Management

Highlighting the requirements for a savings and loans company, Dr. Nduom noted, “Even the GHC30.3 million erroneously reported by the finance ministry would suffice to meet our capital requirements. Our properties and branch buildings could further bolster our capital base.”

He criticized the BoG-appointed receiver for neglecting these assets, leaving them to deteriorate.

 

Tags: Dr. NduomDr. Nduom appeals to Governor Addison reinstatement of GN Bank’s licenseDr. Nduom urges Governor Addison to reconsider license revocation; appeals for license reinstatementGN BankGovernor Addison
No Result
View All Result

Highlights

CID Recovers 43 Stolen Luxury Vehicles Smuggled into Ghana

2025 Mid-Year Economic Review: Fiscal Discipline is a Necessary Pain

Ledecky’s Heroics Highlight Underwhelming US Campaign at World Aquatics Championships

CAF Establishes New Infrastructure Department to Enhance Stadium Development Across Africa

Bibiani Gold Stars Set to Begin GPL Title Defence Against Bechem United as Fixtures for 2025/26 Season Are Released

Gov’t Increases Producer Price of Cocoa to GHS 51,660 per Tonne for 2025/2026 Season

Trending

Business

AngloGold Ashanti Doubles Earnings and Free Cash Flow on Higher Gold Prices, Production Surge in Q2 2025

August 4, 2025

AngloGold Ashanti Doubles Earnings and Free Cash Flow on Higher Gold Prices, Production Surge in Q2 2025...

Africa’s Richest Country to Boost Continental Trade Ties After U.S. 30% Tariff Hit

August 4, 2025

Nigeria Hits Panic Button as West Africa Logs $2.1bn in Suspicious Crypto Transactions

August 4, 2025

CID Recovers 43 Stolen Luxury Vehicles Smuggled into Ghana

August 4, 2025

2025 Mid-Year Economic Review: Fiscal Discipline is a Necessary Pain

August 4, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.