Court of Appeal restores licence of Nduom's GN Savings and Loans

The Court of Appeal has reinstated the operating licence of GN Savings and Loans Company, which is owned by Dr Paa Kwesi Ndoum, thereby overturning the Bank of Ghana's earlier regulatory action.

This decision allows the financial institution to resume full operations under its restored licence, pending any further legal or regulatory processes.

The ruling marks a significant development in the long-running dispute over the company's status, which has been under regulatory scrutiny in recent years as part of broader efforts to stabilise Ghana's financial sector.

Although the full judgment has not been publicly released, the decision is expected to have implications for affected customers, creditors, and stakeholders of the institution.

Further updates are expected as regulatory authorities and the management of GN Savings and Loans respond to the court's ruling.