President and chairman of Groupe Nduom, Dr. Papa Kwesi Nduom, has asked his employees to remain calm and keep customers apprised of the true facts surrounding the decision by the Bank of Ghana to takeover GN Savings.

In a circular to all staff of Groupe Nduom, Dr Nduom called on them to remember that their foundation is rooted in 2 Timothy 1:7 which says ‘For the Spirit, God gave us does not make us timid, but gives us power, love and self-discipline’.

“We will use this spirit and not be timid in the face of some untruths,” he said.

To him, the woes of the company would be surmounted if all staff of Groupe Nduom are seized with the facts and are able to defend and explain the issues better to the good people of Ghana.

Citing the claim by the BoG that GN Savings transfered depositors’ funds abroad without documentation, Dr Nduom said that was a palpable untruth and mischievous saying there is documentation on every money transferred out of Ghana. All transfers made were for the procurement of vehicles, raw materials, equipment and other goods and services and paid for by the respective companies.