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



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 and based in London, United Kingdom. He holds a degree in Law (LLB) and two master's degrees in Law (LLM). Contact: [email protected]