Dr Paa Kwasi Nduom Petitions John Mahama To Reinstate GN Bank If NDC Wins December Polls

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Dr Paa Kwasi Nduom Calls On His Excellency John Dramani Mahama Concerning His GN License Revocation
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.