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Restoration of GN Saving and Loans License: Dr. Nduom hails decision after ‘difficult 7 years’
The Court of Appeal has officially restored the operating license of GN Savings and Loans, ending a protracted seven-year legal and regulatory battle for the financial institution.
Reacting immediately to the judgment, the owner of GN Savings and Loans, Dr. Paa Kwesi Nduom, described the period following the bank’s closure as an incredibly challenging chapter for the company, its staff, and its stakeholders.
Dr. Nduom expressed profound gratitude to the employees who remained loyal and diligent throughout the crisis.
“We thank everyone who has been with us, and the Almighty God, because it has been a tough and difficult time they have gone through,” Dr. Nduom stated.
While noting that there is a vast amount of details regarding their struggles to uncover, he deferred those disclosures for the future.
He announced that the bank’s leadership will soon host a comprehensive press conference to recount their experiences and outline the institution’s strategic way forward.
Dr. Nduom also pointed to the current national atmosphere as a significant factor in the resolution of the case.
“What I also want to say is that we are in a very, very good political environment that brought about a wind of change,” he disclosed.
Reflecting on the severe toll of the past seven years, Dr. Nduom acknowledged the heavy human and material losses suffered during the period of turbulence, noting that some individuals lost their lives, others lost their livelihoods, and valuable corporate assets were destroyed.
He concluded that while the lost assets and time may never be fully recouped, the management is fully committed to restoring the company to its former standing and playing its part in ensuring Ghana’s economic prosperity.
By Edem Mensah-Tsotorme
Minister for the Interior, Mubarak Mohammed Muntaka, has confirmed that former Chief Executive Officer of the Microfinance and Small Loans Centre (MASLOC), Sedina Tamakloe Attionu, is in prison and serving her jail term.
Speaking in an interview on Joy news, Mr. Muntaka dismissed claims that the former MASLOC boss was being held in a private location.
He said she has been in the custody of the state since she returned to Ghana.
“From the day Sedina came, she has been with us, and she’s serving her time,” he said.
The minister explained that the public is not usually told the specific prison where inmates, especially high-profile persons, are being held for security reasons.
He said even judges who sentence offenders do not necessarily know the specific prison where they are sent.
“If you want to visit her, you can write to the Prisons Service. They will talk to her, and if she is interested in you coming, she will let you come,” Mr. Muntaka stated.
According to him, disclosing the location of high-profile inmates could put their lives at risk, adding that some developed countries also keep such information confidential for security purposes.
His comments come amid public speculation over the whereabouts of Ms. Tamakloe Attionu following reports that she had returned to Ghana to begin serving her prison sentence.
By: Jacob Aggrey
The Western Regional Commander of the Ghana National Fire Service (GNFS), ACFO I Cecil Addo, has completed a familiarization tour of major corporate and industrial institutions across the Western Region to strengthen partnerships and enhance fire safety preparedness.
The tour covered key organizations including the Bank of Ghana, GOIL PLC, Ghanstock, Western Terminals, Zen Terminal, Keda Ceramics, Takoradi International Company (TICO), Volta River Authority (VRA), Harlequin Oil and Gas, and Western Serene Atlantic Hotel.
During the engagements, the Regional Commander encouraged management of the institutions to prioritize proactive fire prevention measures by incorporating strict safety protocols into their daily operations.
Discussions also focused on improving fire readiness and strengthening collaboration between GNFS and the corporate sector.
As part of the initiative, GNFS presented firefighting equipment, including Carbon Dioxide (CO2) and Dry Chemical Powder (DCP) extinguishers, as well as Fire Extinguishing Balls, to support workplace safety.
The institutions expressed appreciation for the outreach and pledged to support regular safety audits, joint emergency drills, and potential Corporate Social Responsibility (CSR) partnerships with the Service.
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