• 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
321
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

Ghana’s per Capita Income Could Triple By 2050 With Bold Reforms – World Bank Says 

The National Security Implications of Illegal Gold Mining in Ghana

The Galamsey Fight, Jobs, and Livelihoods

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

AGI Reports Improved Dollar Supply, Applauds Recent BoG FX Measures 

ECG Cancels Over 200 Contracts in Procurement Clean-Up

Harry Kane Makes History: Fastest to Reach 100 Goals for Bayern Munich

Manchester United Unveils Plans for Canopy-Free Old Trafford Upgrade

Premier League: Hearts of Oak Edge Eleven Wonders to go top

Why Women Must Be Involved In Building Flood Resilience

Trending

Business

Ghana’s per Capita Income Could Triple By 2050 With Bold Reforms – World Bank Says 

September 27, 2025

Ghana’s per Capita Income Could Triple By 2050 With Bold Reforms - World Bank Says  Ghana’s per...

The National Security Implications of Illegal Gold Mining in Ghana

September 27, 2025

The Galamsey Fight, Jobs, and Livelihoods

September 27, 2025

AGI Reports Improved Dollar Supply, Applauds Recent BoG FX Measures 

September 27, 2025

ECG Cancels Over 200 Contracts in Procurement Clean-Up

September 27, 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.