… The same month, Groupe Nduom, owners of GN Savings and Loans Company Limited, led by Dr Papa Kwesi Nduom, challenged the revocation of the licence in the High Court in Accra. …
Court of Appeal restores license of GN Savings and LoansGhana Minute.
Sunday, 24 May 2026
Ghana’s news, on the hour · Est. 2026
Sunday, 24 May 2026
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Ghanaian press · Organization
Groupe Nduom
Groupe Nduom — financial services conglomerate whose GN Savings and Loans licence was restored by Court of Appeal in May 2026 after seven-year revocation during Ghana's banking sector cleanup.
In coverage
Verbatim sentences from the source article.
- May 2026
Business
GN Savings and Loans to reopen first branch in Elmina
The News
GN Savings and Loans will reopen its first operational branch in Elmina, announced Dr Papa Kwesi Nduom, following a court victory that overturned the state's revocation of the institution's operating licence. The company plans a phased approach to reopening branches across the country.
Why it matters
GN Savings and Loans' reopening of its first branch in Elmina marks the practical execution of the Court of Appeal victory and signals the company's phased return to operations nationwide.
6 hours ago · Joy Online →
Today
GN Savings and Loans to reopen first branch in Elmina
GN Savings and Loans will reopen its first operational branch in Elmina, announced Dr Papa Kwesi Nduom, following a court victory that overturned the state's revocation of the institution's operating licence. The company plans a phased approach to reopening branches across the country.
6 hours ago · Joy Online →
Yesterday
BoG failed supervisory role in GN Bank crisis, analyst says
Senyo Hosi, a finance policy analyst, has criticised the Bank of Ghana for failing to act early enough to prevent the GN Bank crisis, despite signs of financial distress and public knowledge of withdrawal problems at the institution.
23 hours ago · Joy Online →
Court ruling may open path to restore GN Savings & Loans licence
A Court of Appeal ruling in favour of GN Savings & Loans could be a first step toward restoring its licence, revoked by the Bank of Ghana in August 2019. The lawyer for Groupe Nduom argues the licence was revoked solely on insolvency grounds, not on the other alleged regulatory breaches the central bank cited at the time.
23 May 2026 · Joy Online →
Friday 22 May
Court of Appeal restores GN Savings and Loans operating licence
Ghana's Court of Appeal unanimously overturned the Bank of Ghana's 2019 decision to revoke GN Savings and Loans Company Limited's operating licence, ruling the revocation was unfair and unreasonable and ordering the return of the institution's assets and operations to shareholders. The ruling marks a significant legal challenge to the 2017–2020 financial sector clean-up and a vindication for Dr. Papa Kwesi Nduom.
22 May 2026 · Business & Financial Times →
Thursday 21 May
Court of Appeal rules in Nduom's favour in GN Bank dispute
The Court of Appeal ruled in favour of businessman and politician Dr Papa Kwesi Nduom in a legal battle linked to his defunct GN Savings and Loans. Nduom, whose banking operations were affected during Ghana's financial sector clean-up exercise seven years ago, expressed optimism about the future and signalled plans to return to work.
21 May 2026 · Joy Online →
Court of Appeal restores GN Bank licence after seven years
The Court of Appeal unanimously restored the operating licence of GN Savings and Loans, quashing a High Court decision that upheld its revocation during the banking sector cleanup and ruling that the Bank of Ghana's decision to revoke the licence was unfair and unreasonable. Chairman Dr Papa Kwesi Nduom said the restoration marks a turning point and that Ghana is in a positive political environment capable of supporting business recovery.
21 May 2026 · Joy Online →
Court of Appeal restores GN Savings and Loans operating licence
The Court of Appeal has unanimously overturned a High Court decision and restored the operating licence of GN Savings and Loans Company Limited, which regulators had revoked. Dr Papa Kwesi Nduom, Global Chairman of Groupe Nduom, expressed relief after what he described as seven very difficult years of legal and regulatory battle.
21 May 2026 · Joy Online →
Court orders Bank of Ghana to restore GN Savings licence
The Court of Appeal has ordered the Bank of Ghana to restore GN Savings and Loans' operating licence, which was revoked during Ghana's banking sector cleanup exercise. Founder Dr Papa Kwesi Nduom pledged to rebuild the firm stronger than before and return it to contributing to economic growth.
21 May 2026 · Joy Online →
Court of Appeal restores GN Savings and Loans operating licence
The Court of Appeal has unanimously overturned the Bank of Ghana's 2019 decision to revoke the operating licence of GN Savings and Loans Company Limited, ordering the receiver to return control of the institution's assets and operations to its shareholders. The ruling ends nearly seven years of litigation stemming from the 2017–2020 financial sector clean-up.
21 May 2026 · Business & Financial Times →
Court overturns Bank of Ghana's seven-year revocation of GN Savings and Loans
A three-member Court of Appeal panel has unanimously overturned the Bank of Ghana's 2019 revocation of GN Savings and Loans Company Limited's operating licence, ruling the central bank's decision was unfair and unreasonable. The court ordered the Receiver to return possession, management and control of the company to its shareholders, though restoring the licence and resuming regulated banking activity remain separate processes.
21 May 2026 · Joy Online →
Court of Appeal restores GN Savings and Loans license
The Court of Appeal unanimously quashed the High Court's decision upholding the Bank of Ghana's 2019 revocation of GN Savings and Loans Company Limited's license, finding the revocation unfair and unreasonable. The court ordered the receiver to return assets and control to the company's shareholders.
21 May 2026 · Joy Online →