Bank of Ghana Has Downgraded Nduom’s GN Bank to A Savings and Loans Company

1 min



The Bank of Ghana has revoked the banking license of GN Bank, belonging to Papa Kwesi Nduom–and the Bank is now a mere Savings and Loans company.
This downgrade comes after the central bank finished what it describes as the banking resolution requiring each commercial bank operating in the country to have a minimum capital of 400 million cedis–which GN seems to have not been able to meet.


The Bank of Ghana has revoked the banking license of GN Bank, belonging to Papa Kwesi Nduom–and the Bank is now a mere Savings and Loans company.


Chris-Vincent Agyapong Febiri, Founding Editor
Chris-Vincent Agyapong Febiri is the Founding Editor of GhanaCelebrities.Com , a Film Critic and a Human Rights Advocate; he holds 2 masters degrees in Law; International Human Rights Law (LL.M) and Legal Practice Course (LL.M) from University of Leicester and Nottingham Law School--and also a degree in Law (LL.B) from University of East London. He's a Professional Truth Sayer and he is the author of the popular eBook “Success is a Right, Not A Privilege.” He currently works at Adukus Solicitors in London--where he uses his legal brains to kick real ass, for the good of clients and humanity. Contact: [email protected]