Dr. Paa Kwesi Nduom has denied issuing a statement on the downgrading of GN Bank to a Savings and Loan company.
He was reported as saying: “for all those wondering what’s going on. First let me assure you that I operate on the principle that every problem has a solution. We are working to keep GN Bank doors open come 2019. The Gold Coast Fund Management problem needs a long term solution and we will put one there. Eventually it will work. It needs goodwill. All these problems were created deliberately by some people. The end game they wanted is total collapse of all Groupe Nduom entities. But we are down into the fabric of this country, Ghana. We are inextricably linked to everything Ghanaian. It is difficult now, yes. We are working hard to do better. Please keep the faith..."
However in a post on facebook, Dr Nduom debunked making such claims adding, his focus now is to "find cash, liquidity to meet the needs of customers as quickly as possible".
"I have not granted an interview to any radio, newspaper or online media entity or person. Those manufacturing stories to pitch me or any of my business enterprises against regulator, political parties, government, etc. must stop it. They may relish their race for attention but their actions are hurting innocent people, employees and customers. I have only one objective. To find cash, liquidity to meet the needs of customers as quickly as possible" he said.
Background
The Bank of Ghana on Friday January 4, 2019 announced that GN failed to meet the mandatory minimum capital of ¢400 million by the deadline given.
"Consequently, GN Bank has applied for, and the Bank of Ghana has approved the grant of a savings and loans company licence. The Bank of Ghana has also approved a transition plan submitted by GN for winding down aspects of its business which are not compatible with a savings and loans company licence,” Governor of the Bank of Ghana, Dr Ernest Addison revealed.
Source: Peacefmonline.com
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Blame the day you decided to become a president. How can you pay 1.5 million cash for jokers to contest for MP and your bank and your business is facing this challenges.
Ghanaians hate successful people. Why should you put up lies to pitch this noble man against the government and his customers. What is happening has nothing to do with government or political parties. The Ban of Ghana, the SEC and other institutions has always existed. Let's trace their records to see what effective work they done to ensure that what is happening was averted. All genuine and hard working business person should concentrate on their work and avoid the vicious Ghanaians who are mostly politicians. Its is so sad to hear them talk and pretend to love us the ordinary hard working people. These politician are the ones who creating hardships in Ghana and not any end time apocalypse the pastors of today are talking about. What I will advised Dr. Nduom to do is that, he should be pro-active in outlining the measures being taken to resolve the issues to the numerous customers as other financial institutions has done. The black box is creating anxieties and he should be fast about it. His image is on the line.
lame excuse govt, individuals and companies owe banks that's what banks do give out loans etc u think govt doesn't owe Barclays bank or standard chartered bank? why why are they still in bushiness? u used depositors money to buy a bank in Chicago and over the 60 companies u owe
Boss. You are still my hero. Thanks for supporting my vision. When the big political parties were playing politics with MASLOC you came to my aid. WILL FOREVER BE GRATEFUL. I BELIEVE IN YOUR VISION. GN Will continue to rise
RE: I Wouldn’t Be Here If You Had Paid Your Debts – Nduom To Govt. How much Govt.is owing the Bank?.For what work done?.Since when?.or is it a loan govt. took and which year?.Please, educate us, Mr. Chairman.
As usual, the babes with sharp teeth in the NDC are at it; portraying that NPP government deliberately targeted Nduom's businesses. What a shame!