The state owes us GH₵7.1bn – Nduom insists

The state owes us GH₵7.1bn – Nduom insists Global President of Groupe Nduom, Dr. Papa Kwesi Nduom has reiterated that the state owes Group Nduom over GHC7.1 billion, including interest. At a press briefing in Accra, Dr. Nduom stated, “According to our calculations, we are owed more than GHC7.1 billion, including interest. They are aware of the debt, and while they may dispute the interest, the fact remains.” Dr. Nduom also announced plans to temporarily pause his “Bring Back GN Bank” campaign in September to embark on a nationwide tour of the 300 branches of the defunct bank. This tour follows a recent visit to the bank’s branches in the Northern region. The tour aims to gather support from petitioners advocating for the restoration of GN Bank’s license, which was revoked in 2019. Dr. Nduom plans to resume his campaign in November after a period of strategic planning and reflection. The Bank of Ghana (BoG) recently defended its 2019 decision to revoke GN Bank’s license, citing significant regulatory breaches and maintaining that the bank’s failure to adhere to key financial regulations and banking standards posed a threat to its operational stability.