• Latest
  • Trending
Nduom petitions John Mahama to reinstate GN Bank if NDC wins December polls

Nduom petitions John Mahama to reinstate GN Bank if NDC wins December polls

July 20, 2024
Education Ministry Debunks Fixed Aggregate SHS Placement Claim

Education Ministry debunks fixed aggregate SHS placement claim

August 30, 2025
2025–26 Champions League Draw: Ranking Every Club’s Schedule

2025–26 Champions League Draw: Ranking Every Club’s Schedule

August 29, 2025
2025 AFCON Q: Fit Thomas Partey excluded from Black Stars as Otto Addo names full squad for Niger and Angola clashes

2026 FIFA WCQ: Thomas Partey will be available for games against Chad and Mali-GFA

August 29, 2025
GPHA announces temporary road closure at Tema Port

GPHA announces temporary road closure at Tema Port

August 29, 2025
“Police Can Handle Akwatia By-Election, No Need for Military” – Nana B

“Police can handle Akwatia by-election, no need for military” – Nana B

August 29, 2025
Eight convicted for violence during Ablekuma North By-election

Eight convicted for violence during Ablekuma North By-election

August 29, 2025
Health Minister assures affected nurses of payment after salary delays

Health Minister assures affected nurses of payment after salary delays

August 29, 2025
South Africa to host first African G20 meeting

South Africa to host first African G20 meeting

August 29, 2025
Presidency reports Over GHS 3.5 million raised for Children of Helicopter crash victims

Presidency reports over GHS 3.5 million raised for children of helicopter crash victims

August 29, 2025
Education Ministry Debunks Fixed Aggregate SHS Placement Claim

GES dismisses reports of cut-off point for school placement

August 29, 2025
Akwatia by-election: Global InfoAnalytics projects Bernard Bediako to Win

Akwatia by-election: Global InfoAnalytics projects Bernard Bediako to win

August 29, 2025
Telecel Ghana Champions Purposeful Partnerships at 2025 Supplier Conference

Telecel Ghana champions purposeful partnerships at 2025 Supplier Conference

August 29, 2025
Happy Ghana
Advertisement
No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
No Result
View All Result
Happy Ghana
No Result
View All Result
Home Business

Nduom petitions John Mahama to reinstate GN Bank if NDC wins December polls

in Business, News, Top Story
Nduom petitions John Mahama to reinstate GN Bank if NDC wins December polls

Nduom petitions John Mahama to reinstate GN Bank if NDC wins December polls

Share on FacebookShare on TwitterShare on Whatsapp

The management of Groupe Nduom has formally appealed to John Dramani Mahama, the flagbearer of the National Democratic Congress, requesting the restoration of GN Bank’s license should he win the upcoming December 7 elections

GN Bank had its license revoked by the Bank of Ghana in August 2019 under the rule of the Akufo-Addo led NPP government.

During a meeting with the former president in Accra on Friday, July 19, Dr Papa Kwesi Nduom, the Global President of Groupe Nduom, expressed his woes regarding the ill-state of his banks (300) nationwide. “We believe that if this administration doesn’t give us our license before they leave and start paying the money before they leave, we believe that the next one, will understand the situation and give the licence back. So we are continuing with the hope and preparing and working our plans with the hope that, at some point, we will get the license back and we’ll bring the jobs back. Because it is the jobs that we are also looking for.” Ndoum explained.
“So we feel that collapsing a 300-branch financial entity is inimical to the economic interest of the country. So whether it even belongs to us or belongs to someone else, it is something that needs to be there,” he stated.

Mahama also criticized the decision of the New Patriotic Party (NPP) government to revoke the licenses of some Indigenous financial institutions as part of the 2019 banking sector cleanup, labeling it as a hasty action.

He also shared plans of his administration to initiate an independent review of the banking sector cleanup process. “So we are advocating an independent review of the processes that went into the banking sector clean up and where we believe these were unjustifiable, look at the restoration of the licenses of these banks,” he stated.

As a move taken by the government, the flagbearer of the major opposition opposed it strongly, explaining that the banks were only able to fund government projects due to their active operation. “I do think that government was hasty in what it did. If you look at the criteria that was used, I mean, it didn’t fit. It was not a one-size-fits-all. I mean, it was just like different rules for different folks and so, yes, as you said, a lot of these banks had also financed government suppliers and contractors and the government owed them and they owed the banks.”

“But how would they recover that money if you don’t pay the contractors to pay them? And so I do think that it was hasty, and it’s affected indigenous capital in the financial and banking sector. And we have pledged that we would work to restore, you know, the capital of indigenous businesses in the financial sector.” Mr. Mahama noted.

Tags: Bank of Ghana (BoG)Election 2024Groupe NduomMahama

Subscribe to receive notification everytime a new post is published. We promise to be discrete.

Unsubscribe
Previous Post

Constitutional amendment is a duty of gov’t not an individual – Haruna Iddrisu

Next Post

Telecel Ghana CEO charges CIHRM graduates to integrate AI into HR Practice

Next Post
Telecel Ghana CEO charges CIHRM graduates to integrate AI into HR Practice

Telecel Ghana CEO charges CIHRM graduates to integrate AI into HR Practice

Search

No Result
View All Result

Listen Live

Happy Kaseɛbɔ 600AM news bulletin
Happy Kaseɛbɔ 600AM news bulletin

BBC Match of the Day Africa

Happy Ghana

Recent News

  • Education Ministry debunks fixed aggregate SHS placement claim
  • 2025–26 Champions League Draw: Ranking Every Club’s Schedule
  • 2026 FIFA WCQ: Thomas Partey will be available for games against Chad and Mali-GFA
  • About
  • advertise
  • Privacy Policy
  • Contact Us

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.

No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.