‘We stand by our decision’ – BoG on collapse of GN Savings & Loans

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• Thief of Staff - Akosua Frema 1 year ago

  BoG was right in closing down GN Savings and Loans Company. International Business Solutions (IBS LLC) was established by Dr. Nana Kweku Nduom (the first son or child of Dr. Papa Kwesi Nduom) and was being used to siphon mone ...
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  BoG was right in closing down GN Savings and Loans Company. International Business Solutions (IBS LLC) was established by Dr. Nana Kweku Nduom (the first son or child of Dr. Papa Kwesi Nduom) and was being used to siphon money from GN Bank and then GN Savings and Loans Company. What was being done IBS was exporting every stupid things to Groupe Nduom (GN) including flower pots and WCs at inflated prices. Millions of dollars were transferred to IBS LLC by GN Bank for exporting items to other affiliates of GN such as Gold Coast Securities, Coconut Grove Hotels etc which these companies struggle to pay. On many occasions, some of these important Ledger Accounts of GN Bank were overdrawn, leaving huge debit balances.

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• Seidu 1 year ago

  Nonsense. That company is the oldest GN company. Formed and owned by the Father. How does the son come to establish it? Foolish propaganda messengers running in the dark while your leaders steal the country dry.

  Nonsense. That company is the oldest GN company. Formed and owned by the Father. How does the son come to establish it? Foolish propaganda messengers running in the dark while your leaders steal the country dry.

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• John 1 year ago

  It's obvious that Dr. Nduom is stubbornly rejecting BoG's rationale for revoking his banking license and rather going on an emotional rant of baseless blame of Ken Ofori Atta. He should be left to stew in his own juice.

  It's obvious that Dr. Nduom is stubbornly rejecting BoG's rationale for revoking his banking license and rather going on an emotional rant of baseless blame of Ken Ofori Atta. He should be left to stew in his own juice.

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• Ama 1 year ago

  GN Bank prior to 2018 didn't have any problem. Until they decided not to pay contractors.

  GN Bank prior to 2018 didn't have any problem. Until they decided not to pay contractors.

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• Akua 1 year ago

  Did Ofori-Atta present a Memo to Cabinet for GN Bank to be closed down or not? Dr. Nduom revealed the truth! #BringbackGNBank

  Did Ofori-Atta present a Memo to Cabinet for GN Bank to be closed down or not? Dr. Nduom revealed the truth! #BringbackGNBank

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• Obaatanpa 1 year ago

  Good news. Dr Nduom is just courting public sympathy when he knows the part he played in collapsing his bank very well.
  
  Thanks, BoG for standing by your decision. the noise about his bank is becoming a nuisance to everyone ...
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  Good news. Dr Nduom is just courting public sympathy when he knows the part he played in collapsing his bank very well.
  
  Thanks, BoG for standing by your decision. the noise about his bank is becoming a nuisance to everyone, including his friends

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• Seidu 1 year ago

  BOG is standing on a slippery slope. Doing the bidding of Ofori-Atta will not get them anywhere.

  BOG is standing on a slippery slope. Doing the bidding of Ofori-Atta will not get them anywhere.

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• Joy 1 year ago

  Stupidities on part of ghanaians. Paa kwasi nduom is never guilty on this case. Shame to nana addo

  Stupidities on part of ghanaians. Paa kwasi nduom is never guilty on this case. Shame to nana addo

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• Adu 1 year ago

  Failed oversight responsibility by BOG. If you were duly supervising the activities of the bank, customers deposits would have been protected. I prefer you remain silent as the woes of customers is a direct consequence of you ...
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  Failed oversight responsibility by BOG. If you were duly supervising the activities of the bank, customers deposits would have been protected. I prefer you remain silent as the woes of customers is a direct consequence of your irresponsibility to provide prudent supervision over these banks, and no official has faced any disciplinary action for their actions.

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