Story: Atta Kwaku Boadi
In a landmark development for the country’s financial sector, GN Savings is set to officially reopen its doors, with its very first branch strategically slated for Elmina in the Central region.
The major announcement was made by the Chairman of Groupe Nduom, Dr. Papa Kwesi Nduom, during the 3rd congregation and 5th matriculation of the Nduom School of Business and Technology (NSBT) held in Elmina over the weekend.
Addressing a jubilant crowd of graduates, faculty, and well-wishers, Dr. Nduom revealed that the imminent rollout of the bank’s operations marks a triumphant new chapter for the financial institution and its stakeholders.
This highly anticipated comeback follows a decisive legal victory at the Court of Appeal. The appellate court set aside an earlier High Court ruling, effectively ordering the Bank of Ghana (BoG) to restore the financial institution’s operating licence to its original shareholders.
The ruling brings an end to a protracted legal battle and clears the path for the indigenous financial giant to rebuild its footprint across the nation.
Beyond the economic implications for the region, Dr. Nduom highlighted the immense academic and professional benefits the reopening would bring to the local community, particularly to the students of NSBT.
He assured the graduating class and current students that the return of GN Savings would serve as a vital corporate laboratory.
“The Elmina branch will actively provide hands-on, practical training in banking operations”, the business mogul said. .
“We want to ensure that when our students graduate, especially those offering banking and finance programmes, they will not be found wanting in the real world,” Dr. Nduom emphasized.
“They will possess the actual marketplace experience required to excel from day one”, he added.
The news has been met with widespread optimism by local businesses and residents in Elmina, who eagerly anticipate the return of accessible banking services to the area.
