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Restoration of GN Saving and Loans License: Dr. Nduom hails decision after ‘difficult 7 years’
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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
A nine-member board for the New Times Corporation (NTC), publishers of The Ghanaian Times and The Spectator newspapers was sworn into office on Thursday with a call to strengthen the governance of the Corporation.![Dr. Binka (seated second from right) with Dr Okpoti [right] the board and Management of NTC photos Okai Elizabeth.](https://spectator.com.gh/wp-content/uploads/2026/08/Dr.-Binka-seated-second-from-right-with-Dr-Okpoti-right-the-board-and-Management-of-NTC-photos-Okai-Elizabeth-1024x683.jpg)
The new NTC board is chaired by Dr Charity Binka and has Very Rev. Helena Amma Serwah Opoku-Sarkodie, Mr Tito Kojo Voegborlo Esq and Naana Aklerh Amenyah Kubi I as members. Read More
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Christians have been urged to demonstrate a living faith in Jesus Christ by allowing their confession of Him as Lord and Saviour to reflect in their daily lives.
According to the Kaneshie District Pastor of the Evangelical Presbyterian Church, Ghana (EPCG), Rev. Dzidzor Nathaniel Affram, a genuine Christian’s confession should go beyond words and be demonstrated through obedience to God, love for others and service to the Church.
He made the call at the 40th anniversary remembrance service for the late Wesley Kwasi Kwadzo at the Evangelical Presbyterian Church, Ghana, Maranatha Congregation at Awudome Avenui in the Volta Region.
Speaking on the theme, “The Church Built on a Living Confession,” Rev. Affram said life would continually present challenges capable of testing Christians’ faith, making it necessary for believers to hold firmly to their confession that Jesus Christ is Lord.
He explained that accepting Jesus Christ as Lord and Saviour required Christians to live according to His teachings, stressing that their faith must be evident in their conduct.
“A living confession listens to God and not man,” he said, urging Christians to remain obedient to God even when faced with difficulties and pressures.
Rev. Affram further encouraged the congregation to care for vulnerable people and demonstrate concern for others, adding that such acts were practical expressions of Christian faith.
He also urged Christians to identify and use their God-given gifts to build the Church.
He said every member of the Church had a role to play and cautioned Christians against looking down on others because of their status or abilities.
The remembrance service brought together family members, friends, members of the congregation and sympathisers to commemorate the 40th anniversary of the late Wesley Kwasi Kwadzo.
By Lizzy Okai
