The state owes us GH₵7.1bn – Nduom insists

Dr. Papa Kwesi Nduom, Global President of Groupe Nduom, has reiterated that the state owes him over GHC7.1 billion, including interest.

Addressing a press briefing in Accra, Dr Nduom said, “Per our arithmetic, we are owed more than GHC7.1 billion including interests…They know they owe, and they can argue about interests, they can argue about that.”

Dr. Nduom also announced plans to temporarily pause his “Bring Back GN Bank” campaign in September to embark on a nationwide tour of the 300 branches of the defunct bank. This tour follows a previous visit to the bank’s branches in the Northern region.

The purpose of the tour, he explained, is to rally support from petitioners advocating for the restoration of GN Bank’s license, which was revoked in 2019.

Dr. Nduom intends to resume his campaign in November, following a period of strategic planning and reflection.

The Bank of Ghana (BoG) recently defended its 2019 decision to revoke GN Bank’s license, citing significant regulatory breaches.

The Central Bank maintained that GN Bank’s failure to comply with key financial regulations and banking standards posed a threat to its operational stability.

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