Your reasons for revocation of GN Savings and Loans' license 'wildly inaccurate' – Groupe Nduom tells BoG

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OFORI ATTA/NPP DELIBERATELY COLLAPSED GN 9 months ago

MY QUESTION:GN BANK AND ITS FINANCE COMPANIES WERE DOING VERY WELL UNDER LATE JOHN ATTA MILLS AND JOHN MAHAMA NDC GOVERNMENT.AS SOON AS THE CLUELESS AND RECKLESS NANA ADDO/BAWUMIA BECAME PRESIDENT EVERY THING CHANGED.ASK YOUR ...
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MY QUESTION:GN BANK AND ITS FINANCE COMPANIES WERE DOING VERY WELL UNDER LATE JOHN ATTA MILLS AND JOHN MAHAMA NDC GOVERNMENT.AS SOON AS THE CLUELESS AND RECKLESS NANA ADDO/BAWUMIA BECAME PRESIDENT EVERY THING CHANGED.ASK YOURSELF WHY????
Always Ready 9 months ago

Pray that Mahama win 2024 election for that is your only hope of getting justice.
Next time don't dine with the devil.

Pray that Mahama win 2024 election for that is your only hope of getting justice.
Next time don't dine with the devil.
Gh 9 months ago

Destroying people lives and praying a victim. You benefited than anybody in Ghana. You use our to campaign and took the rest to America.

Destroying people lives and praying a victim. You benefited than anybody in Ghana. You use our to campaign and took the rest to America.
Seidu 9 months ago

With people like you, how can the country progress. It will continue to be poor and you will continue to rely on government lies to live your poor life.

With people like you, how can the country progress. It will continue to be poor and you will continue to rely on government lies to live your poor life.
Joe Pike 9 months ago

You are a fool. Read his document. He didnt tske any money to america. He has a different company that has been buying things from america. He transfered that money over ten years even before gn bank was formed bit bank of Gh ...
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You are a fool. Read his document. He didnt tske any money to america. He has a different company that has been buying things from america. He transfered that money over ten years even before gn bank was formed bit bank of Ghana told lies after a former gn bank staff he fired tried to pay back. That staff later confessed he told a lie and all records of money transfer sre there but govt continues to say he carried the money away.
Nduom won a court case over this money transfer issue
MP 9 months ago

Many banks, savings and loans as well as micro finance companies were shutdown for flouting regulations and several millions of tax payers money used to pay their customers.
Despite all the accusations we are yet to see tho ...
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Many banks, savings and loans as well as micro finance companies were shutdown for flouting regulations and several millions of tax payers money used to pay their customers.
Despite all the accusations we are yet to see those who flout regulations being prosecuted or go to jail. So not surprising what we are seeing.
Enoch 9 months ago

GN management shout up. Don't pretend as if you were not wrong. You went against the most of the banking rules.

GN management shout up. Don't pretend as if you were not wrong. You went against the most of the banking rules.
Yoshima 9 months ago

It looks like some of you wash your face upwards. If they are not obeying banking rules you don't collapse them because people have their savings there and the people who work there will be jobless. What you should do is to c ...
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It looks like some of you wash your face upwards. If they are not obeying banking rules you don't collapse them because people have their savings there and the people who work there will be jobless. What you should do is to change the management and punish the former directors who caused the problem.
Atta Ayi 9 months ago

What do you know at all about GN liquidity status at the time of revocation? Appoint who? You people think that by putting forward such useless proposals will be a magic wand. Even small depositors could not be paid their pal ...
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What do you know at all about GN liquidity status at the time of revocation? Appoint who? You people think that by putting forward such useless proposals will be a magic wand. Even small depositors could not be paid their paltry sums. Nduom is an incompetent man. He collapsed his bank on his own and he lives in another world so does not understand ‘foko’. I recollect an occasion when we had done all the dirty work and he only came to discuss with management issues we had gathered from the audit. He just ignored our existence, without even a greeting. He will fail in any venture
Seidu 9 months ago

Nduom is fully competent and successful. That is why envious Ofori Atta and his incompetent cousin Akufo-Addo wanted to kill his businesses. Truth will not die oo.

Nduom is fully competent and successful. That is why envious Ofori Atta and his incompetent cousin Akufo-Addo wanted to kill his businesses. Truth will not die oo.
Atta Ayi 9 months ago

Fools will die before their time. Decorating yourself with a masters degree in Finance doesn’t make you accounting savvy. Engaging in reckless investments without thinking of your income shows how incompetent Nduom is

Fools will die before their time. Decorating yourself with a masters degree in Finance doesn’t make you accounting savvy. Engaging in reckless investments without thinking of your income shows how incompetent Nduom is
Joe Pike 9 months ago

You rather know nothing. Bank of Ghana has been appointing people to go and manage banks all the time. Gn had liquidity issues cos go t refused to pay him.
Nduom has also made it clear he lost more money in GN BANK than any ...
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You rather know nothing. Bank of Ghana has been appointing people to go and manage banks all the time. Gn had liquidity issues cos go t refused to pay him.
Nduom has also made it clear he lost more money in GN BANK than anyone else in ghana. So je himself is a victim.
His other companies had more money in gn bank than any other person or company
Kwaku 9 months ago

I never knew groupe ndum was collapsed, I thought it was merged with other banks, forming the consolidated bank Ghana (CBG).

I never knew groupe ndum was collapsed, I thought it was merged with other banks, forming the consolidated bank Ghana (CBG).
Obiba 9 months ago

Dr Nduom, instead of suing the contractors to which you gave loans for repayment, you have rather wasted over 5 yrs pursuing revocation of your company's license. The verdict for the validity of your licence revocation was re ...
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Dr Nduom, instead of suing the contractors to which you gave loans for repayment, you have rather wasted over 5 yrs pursuing revocation of your company's license. The verdict for the validity of your licence revocation was recently and rightly so. Go for the collateral securities you took for the loans you advanced to contractors. GN S & L was seriously insolvent to the extent of customers not being able to access their salaries paid by the Accountant General Dept.
Jkm 9 months ago

Thought this issue is at the court for redress

Thought this issue is at the court for redress
Obiba 9 months ago

He lost the first case and he has gone for an appeal.
It is about restoration of his bank licence so he will lose again bc GN S & L was really insolvent for months with no hope to recapitalise before BoG revoked the licence. ...
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He lost the first case and he has gone for an appeal.
It is about restoration of his bank licence so he will lose again bc GN S & L was really insolvent for months with no hope to recapitalise before BoG revoked the licence. As to who owe GN is a different issue having nothing to do with the reason for its revocation.
Seidu 9 months ago

What do you know about his business model? How many people in Ghana are like him with businesses that have thrived for 30 years and more. His bank would still be here if not for Ofori Atta, Ghana's worst Finance Minister. ...
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What do you know about his business model? How many people in Ghana are like him with businesses that have thrived for 30 years and more. His bank would still be here if not for Ofori Atta, Ghana's worst Finance Minister. Asking people for haircuts and refusing to pay legitimate debts.
Obiba 9 months ago

His business survived bcos ppl had confidence in him and so his companies were receiving many new clients and deposits/investments everyday. Business was booming and deemed it the time to mismanage things and move funds in di ...
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His business survived bcos ppl had confidence in him and so his companies were receiving many new clients and deposits/investments everyday. Business was booming and deemed it the time to mismanage things and move funds in disordered fashion for his personal interest including exorbitant political campaigns.

His companies were virtually on Ponzi scheme mode for a long time but oiled by receipts of new deposits /investments until the inevitable time when the bubble bursted.
Joe Pike 9 months ago

Nib and adb have been in crisis many times. Nib has not made profit since npp came to office. Ots xspital is mot enough bit no one has revoked its license

Nib and adb have been in crisis many times. Nib has not made profit since npp came to office. Ots xspital is mot enough bit no one has revoked its license
Obiba 9 months ago

Not even sure what he needs that licence for.
His business model clearly cannot survive in Ghana.
He uses customets deposits to advance loans to both the public and private sectors in a way that he is unable to retrieve. Th ...
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Not even sure what he needs that licence for.
His business model clearly cannot survive in Ghana.
He uses customets deposits to advance loans to both the public and private sectors in a way that he is unable to retrieve. The financial sector has become more challenging than before which his modus operandi characterised by bad corporate governance practices can't survive.
Seidu 9 months ago

Why can't the President task an appropriate official to organize a meeting between Dr. Nduom and GN, Ministry of Finance and Bank of Ghana to deal with this matter and stop this constant palava?

Why can't the President task an appropriate official to organize a meeting between Dr. Nduom and GN, Ministry of Finance and Bank of Ghana to deal with this matter and stop this constant palava?
Obiba 9 months ago

@ Seidu, GN's liquidity challenges and liabilities was such that the govt couldn't manage them. A bank that being managed like a MoMo outlet with no focused direction and engaging in all sorts of Ponzi Schemes. GN started doi ...
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@ Seidu, GN's liquidity challenges and liabilities was such that the govt couldn't manage them. A bank that being managed like a MoMo outlet with no focused direction and engaging in all sorts of Ponzi Schemes. GN started doing something similar in Chicago but was called to order.
GoG wasn't in the position to take over such badly battered entity.
Kwaku Afram 9 months ago

BoG must stop the lies. Government must pay monies owed to Groupe Nduom companies.
#BringBackGNBank

BoG must stop the lies. Government must pay monies owed to Groupe Nduom companies.
#BringBackGNBank
Obiba 9 months ago

Has Nduom being telling any truth? He started from the government owing him 3.4 billion ghs, then it came to 2.2 billion ghs and now 1.8 billion ghs through contractors. Not sure how much will it be next time. He is using pro ...
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Has Nduom being telling any truth? He started from the government owing him 3.4 billion ghs, then it came to 2.2 billion ghs and now 1.8 billion ghs through contractors. Not sure how much will it be next time. He is using propaganda and the media to make himself a Saint.

Ask yourself why the contractors to whom he gave the loans for the govt projects not in court but him who was a 3rd party?
Obiba 9 months ago

You have given out ghs7.1 billion to customer and have ghs30.33 million with you.
What sort of Risk management practice is this?

How much is your risk Concentration ratio?

How much is the total customer deposit? Are yo ...
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You have given out ghs7.1 billion to customer and have ghs30.33 million with you.
What sort of Risk management practice is this?

How much is your risk Concentration ratio?

How much is the total customer deposit? Are you Implying that total customer deposit is less than Ghs30 million?

Did or were meeting the ratios as stated by the central bank. Did you have about 70 branches not operational?
Fuzzy 9 months ago

The unemployment rate caused by this reckless government will surely payback come December 2024.
Vote no more to this incompetent, wicket npp party.

The unemployment rate caused by this reckless government will surely payback come December 2024.
Vote no more to this incompetent, wicket npp party.

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Your reasons for revocation of GN Savings and Loans' license 'wildly inaccurate' – Groupe Nduom tells BoG

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