Any thoughts that BoG has been acting independently should be finally out to rest based on new documents that have been obtained from confidential sources. As early as June 2018, six months before the deadline to raise an additional 280 Million in minimum capital, the Minister of Finance went to …
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The High Court has struck out an application by the Attorney General seeking to stop State Agencies from paying monies owed some contractors to Ghana Growth Fund. Ghana Growth Fund Company Limited (GGFC), which is a subsidiary of Groupe Nduom, sued the Attorney General’s Office (AG), Finance Ministry, Road Ministry …
Read More »The Bank of Ghana has been ordered by an Accra High Court to hold on with any plans to hand over GN Savings and Loans Company Limited to a receiver. Justice George Koomson has directed that until the outcome of an application for interlocutory injunction is established the regulator and …
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An Accra High Court has advised lawyers for the Bank of Ghana not to undermine the current injunction suit against the revocation of the license of GN Savings and Loans. The judge, Justice Koomson who gave the caution said due to a pending application, all action or processes being undertaken …
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Gideon Boako, a spokesperson for the Vice President, has rejected claims that government’s indebtedness to GN Savings and Loans Company caused its collapse. The Chairman of Groupe Nduom, Dr. Paa Kwesi Nduom had alleged that government’s failure to pay contractors who owed him caused his company’s demise. Former President John …
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