Home Headlines Nduom Claims State Owes Over GHC7.1 Billion, Announces Nationwide Tour

Nduom Claims State Owes Over GHC7.1 Billion, Announces Nationwide Tour

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Dr. Paa Kwesi Nduom
Dr. Paa Kwesi Nduom

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

 

At a press briefing in Accra, Dr Nduom stated, “According to our calculations, the amount owed to us exceeds GHC7.1 billion, including interest.

 

They are aware of their debt, and while there may be disputes over the interest calculations, the debt is acknowledged.”

 

Dr Nduom also revealed plans to temporarily suspend his “Bring Back GN Bank” campaign in September.

 

Following a prior visit to the bank’s branches in the northern region, he intends to embark on a nationwide tour of the 300 branches of the defunct GN Bank.

 

This tour aims to garner support from petitioners advocating for the restoration of GN Bank’s license, revoked in 2019.

 

He plans to resume his campaign in November after strategic planning and reflection.

 

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

 

The Central Bank asserted that GN Bank’s non-compliance with essential financial regulations and banking standards threatened its operational stability.

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