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GN Savings Responds to BoG Revoking of License

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Story by De IMOJI 

Minutes after Bank of Ghana issued a release revoking the licences of 23 insolvent savings and loans companies and finance house companies and 2 non- bank financial institutions, one affected savings and loans company, GN Savings Limited has released a rebuttal to the release.

The release signed by the Chairman and CEO of Groupe Nduom, Papa Kwesi Nduom stated that GN Savings is not only ‘solvent, but would be highly liquid if the MoF simply ordered itself and other government agencies to quickly pay amounts owed to GN Savings and other related entities.’

He also entreated customers and stakeholders to remain calm while they work through the matter with the relevant parties .

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