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We are working to pay customers- Paa kwesi Nduom
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Businessman and President of Groupe Nduom, Dr Paa Kwesi Nduom, has assured customers of GN Savings that efforts are ongoing to recover locked up funds and settle outstanding payments.
According to him at a press conference in Accra on Friday, May 29, he said, the company is committed to ensuring that customers whose monies remained unpaid after the revocation of the bank’s licence would eventually receive what was due them.
Dr Nduom explained that many people were made to believe that all customers had already been paid after a receiver was appointed to handle claims following the collapse of GN Savings.
He recalled that former President Nana Addo Dankwa Akufo Addo and former Governor of the Bank of Ghana, Dr Ernest Addison, had repeatedly encouraged customers to file their claims with the receiver for payment.
However, he noted that companies under Groupe Nduom had still not received funds deposited with the bank.
“Our businesses saved and deposited their monies with our bank. When the licence was taken, they decided not to pay back the funds that were there. Those monies have remained locked up,” he stated.
Dr Nduom indicated that the company was engaging the Bank of Ghana and the receiver to reconcile accounts and determine how much money remained unpaid.
He added that he was not aware of who had been paid by the receiver or the amount involved, stressing that a proper accounting process was needed.
According to him, if the reconciliation process confirmed that some legitimate customers were still owed, steps would be taken to ensure they were paid.
He maintained that discussions with the Bank of Ghana are ongoing and expressed confidence that the matter would be resolved.
By: Jacob Aggrey
The Office of the Special Prosecutor (OSP) has taken note of public allegations of extortion and related conduct made against the Minority Leader of Parliament, Alexander Afenyo-Markin.
The allegations were made by the Chief Executive of the Ghana Gold Board (GoldBod), Sammy Gyamfi.
In a brief statement, the OSP said it has also received a joint petition submitted by two persons, as well as two separate petitions from other persons, in relation to the same allegations.
“Given the nature of the allegations, the OSP will assess the case and determine whether it falls within its statutory mandate and whether further investigative action is warranted,” the statement said.
The development comes amid a heated public feud between the Minority in Parliament and the leadership of GoldBod over the operations of the Domestic Gold Purchase Programme.
The Minority, led by Afenyo-Markin, has accused GoldBod and the Bank of Ghana of causing a loss of over $1.7 billion, citing the International Monetary Fund’s August 2026 report. The Minority has vowed to pursue the matter as Parliament has reconvened for an emergency sitting.
GoldBod, on the other hand, has rejected claims by some NPP MPs, including Tano South MP Dr Gideon Boako, that it owes the Bank of Ghana GH¢1 billion in overdrafts, describing the claim as “false and malicious.”
In the latest twist, GoldBod CEO Sammy Gyamfi has accused the Minority Leader of extortion and related conduct, an allegation that has triggered petitions to the OSP.
The OSP is mandated under Act 959 to investigate and prosecute specific cases of alleged or suspected corruption and corruption-related offences involving public officers and politically exposed persons.
By Edem Mensah-Tsotorme
General Secretary of the New Patriotic Party (NPP), Justin Kodua Frimpong, has filed his nomination to contest the position of General Secretary again as the party begins its rebuilding efforts ahead of the 2028 general elections.
He was accompanied by party stalwarts and supporters who were in high spirits, expressing confidence that he is the right person to hold the position.
Speaking after filing his nomination, Mr Kodua Frimpong assured the rank and file of the party that he would not disappoint them.
“I can assure you that the faith the rank and file of the party have had in me, I will never disappoint them,” he said.
He also pledged to run a clean campaign devoid of personal attacks.
“I can assure you that our internal campaign will be devoid of personal attacks,” he told his fellow contestants and the rank and file of the party as he seeks to retain his position.
His tenure has seen the party through the 2024 general elections, where the NPP lost power to the National Democratic Congress (NDC) after eight years in government.
The party is currently in a rebuilding phase, with internal elections scheduled to elect new national executives to lead its reorganization towards the 2028 polls.
The General Secretary position is considered one of the most influential in the party’s administrative structure, responsible for the day-to-day running of the party secretariat and implementation of party decisions.
By Edem Mensah-Tsotorme
