Papa Kwesi Nduom petitions Mahama to reinstate GN Bank if elected

The Global President of Groupe Nduom, Dr Papa Kwesi Nduom, has appealed to the National Democratic Congress (NDC) flagbearer, John Dramani Mahama, to reinstate GN Bank’s licence if he wins the December 7 elections.

GN Bank's licence was revoked by the Bank of Ghana in August 2019.

During a meeting with the former president in Accra on Friday, July 19, Dr Papa Kwesi Nduom expressed concerns about the deteriorating state of the bank’s 300 centres nationwide.

“We believe that if this administration doesn’t give us our licence before they leave and start paying the money before they leave, the next one will understand the situation and give the licence back. So, we are continuing with hope, preparing and working our plans with the hope that, at some point, we will get the licence back and bring the jobs back. Because it is the jobs that we are also looking for,” Nduom stated.

He emphasised that the collapse of a 300-branch financial entity is detrimental to the country's economic interests, regardless of ownership.

“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.

GN License Revocation

Dr. Paa Kwesi Nduom calls on H.E. @JDMahama pic.twitter.com/2BD8v79hJ3

— GTV Ghana (@GTV_Ghana) July 19, 2024

Imagine my shock when I'm sitting in Chicago doing some work and I'm told they have taken our license - Dr. Paa Kwesi Nduom pic.twitter.com/ALIatr7UWU

— GTV Ghana (@GTV_Ghana) July 19, 2024