Nduom's Plea to Nana Addo: Restore GN Bank, save 6,000 jobs

Accra, Ghana - Nov 9, 2024 - Papa Kwesi Nduom, founder and president of Group Nduom, has made a passionate plea to the Nana Addo-led government to restore his defunct businesses, including GN Bank and Gold Coast Fund Management, which collapsed after the Bank of Ghana revoked their licenses in 2018.

The collapse resulted in the loss of approximately 6,000 direct jobs and locked up funds belonging to customers.

In a Facebook conversation titled "Disappointed but Not Discouraged," Mr. Nduom expressed his frustration and disappointment with the government's refusal to listen to his appeals. Despite reaching out to traditional leaders, clergy, and government officials, his efforts have been in vain. He emphasized that his primary goal is to ensure the safety and security of customers' funds and restore jobs.

“I have been speaking to people—chiefs, bishops, all manner of individuals, even people in this administration,” Mr Nduom said. “I have been asking them to help, writing petitions to the Akufo-Addo administration, saying let’s come together and find a solution, with the main intent being to ensure the safety and security of customers’ funds. But unfortunately, all my efforts have been in vain.”

Mr. Nduom's businesses were severely impacted by the closure of GN Bank, as all his companies had their funds held there, and salaries were paid through the bank. He believes that restoring the bank would revitalize his collapsed companies and bring back jobs.

With the Nana Addo-led government nearing the end of its term, Mr. Nduom hopes that the President will consider his plea before handing over to a new administration. To raise awareness about his situation, Mr. Nduom has initiated a weekly Facebook broadcast, where he engages with the public on various topics, including the state of Ghana's economy and suggestions for improvement.

Source: Lead News Online