Story: Reuben Sackey

The Chairman of Groupe Nduom (GN), Dr. Papa Kwesi Nduom says the reasons for the success of his conglomerate are faith, strong leadership and loyalty despite the challenges Groupe Nduom has faced in recent  times.

The renowned businessman was sharing his health status, business outlook and belief in Ghana in an interview with Amansan Television (ATV).

Concerning his health, Dr Nduom said, his Catholic faith and good medical treatment in the United States of America (USA) are what has kept him physically and mentally strong.

“ I pray every morning with my rosary and also take my medication seriously”, he said.

According to  him, he would have died if he had not received good medical care from one of the best hospitals in the US  through the  instrumentality of one of his sons who is a neurosurgeon.

On Groupe Nduom companies, Dr Nduom said,  they were growing stronger and stronger every day  because they were built on a solid foundation.

“ The  foundation we laid for the Groupe is very strong and that is why we are still in business despite the GN Bank issue”, he said. 

He said,  although GN Bank and Blackshield, formerly of Gold  Coast since 2018 have had some challenges, the other  entities such as the media, hospitality industry, education,   real estate, insurance among others  are “ holding their own”.

He noted that, his long stay in the US  opened his mind to know how to  make patient investments, create wealth and give employment to people.

Dr Nduom said, the reason he also opened businesses in other countries is that the business environment in Africa is sometimes hostile, and “ I didn’t want to put my eggs in one basket (country)”.

According to  Dr Nduom, Ghana has no excuse to be poor. He pointed out that the problem with Ghana  is that the private sector has been neglected  instead of being given support by successive governments.  He cited politics as a factor that has been used to deny some companies participation in business opportunities.  The same factor has been used to starve companies to death.

He said, the country’s economy can only grow if the private sector is given support and allowed to operate in a friendly business-like environment.