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Nduom wins Supreme Court judgement in reclaiming GN Bank

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Nduom wins Supreme Court judgement in reclaiming GN Bank

On Wednesday, July 19, 2023, the Supreme Court upheld the High Court’s determination that it had jurisdiction over the action brought against the Bank of Ghana (BoG) in August 2019.

The determination of the Supreme Court maintains the decision of the High Court and opens the way for judgement.

The matter has now been returned to the High Court for a decision on the principal motion filed.

Justice Gifty Addo-Adjei, now an Appeals Court Judge, indicated in 2020 that she was ready to render her decision.

One technicality after another, used skillfully by BoG attorneys, has caused the litigation to travel for nearly four years.

In August 2019, Dr Papa Kwesi Nduom and others sued BoG and others over the cancellation of the GN Bank/Savings licence.

The Bank of Ghana disputed the High Court’s jurisdiction on the grounds that the Banking Acts provide that if a licence is cancelled by the Bank of Ghana, the proper forum is arbitration, not the court.

The High Court, however, disagreed and continued to hear the case.

The Bank of Ghana appealed and won.

Dr Nduom challenged the Court of Appeals ruling to the Supreme Court, which resulted in today’s verdict.

In a brief comment, Dr Nduom said after the ruling: “On behalf of my entire family and all Groupe Nduom employees, I wish to thank the Lord our God.  It is He who has made this day possible.

“To the five-member panel who reviewed our complaint and agreed with us, we thank you for restoring our faith in the judiciary system. To our brilliant and highly professional counsel Justice Srem-Sai, we say well done!

“Nobody won here today.  Shareholders, employees, government, and customers all have suffered for more than six years – from the uncertainties to the indignities of losing a license; losing scarce jobs, poor health and for some, unfortunately, death.

“We sent petition after petition to the highest levels in the current Administration and Regulators for a win-win settlement but were not successful.  So the courts were and remain our last resort.

“The battle has not ended. We want our license back and our task is clear.  To rebuild “the People’s Bank” and take formal and safe banking to the doorstep of every person living anywhere in Ghana.” 

“It took us nearly 20 years to build our bank only for it to be pulled down in one day.  We have a national duty to build it back step by step.  The end result will be an even better bank than what was pulled down.

“We don’t have time to hate or be against anyone.  We want to get back to work.  We are looking forward to working diligently with the regulator, the Bank of Ghana, to press the start button to bring back GN Bank,” he added.

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Ya Naa tells Bawumia to treat Mahama like his elder brother

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"It's a critical opportunity for us to demonstrate our maturity, competence, honesty, and commitment to Ghana's progress," Ya Naa Abubakari Mahama II said, adding, "You are my son, Dr. Bawumia, and your competitor, John Mahama, is also my son." You're both completely devoted to this election." The Overlord further emphasised that Dr. Bawumia and Mr. Mahama should see each other as siblings rather than adversaries. "He is not your enemy or rival, but your elder brother," Ya Naa Abubakari Mahama II said. "We have already won the elections as Northerners." Whoever wins this trophy will return home."

The Overlord of the Dagbon Traditional Area, Ya Naa Abubakari Mahama II, has asked the New Patriotic Party (NPP) flagbearer and Vice President Dr. Mahamudu Bawumia to run a clean and respectful campaign ahead of the 2024 general elections.

During a courtesy call with Dr Bawumia, Ya Naa Abubakari Mahama II emphasised the necessity of sustaining national unity and peace, whatever of party allegiance.

He reminded Dr Bawumia that his opponent, former President John Dramani Mahama, is also a Dagboni son with similar goals for the country’s growth.

“It’s a critical opportunity for us to demonstrate our maturity, competence, honesty, and commitment to Ghana’s progress,” Ya Naa Abubakari Mahama II said, adding, “You are my son, Dr. Bawumia, and your competitor, John Mahama, is also my son.” You’re both completely devoted to this election.”

The Overlord further emphasised that Dr Bawumia and Mr Mahama should see each other as siblings rather than adversaries.

“He is not your enemy or rival, but your elder brother,” Ya Naa Abubakari Mahama II said. “We have already won the elections as Northerners.” Whoever wins this trophy will return home.”

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The economy is a disaster because Bawumia is ignorant – Sam George

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He suggested the '24hr Economy' concept when he met with leaders from the country's mother workers union on Tuesday, November 7, 2023, as part of his outreach to key stakeholders in his attempt to reclaim power.

Vice President Dr Mahamudu Bawumia, the flagbearer of the New Patriotic Party (NPP), is clueless about handling the economy, according to Ningo Prampram Member of Parliament Samuel Nartey George.

Unlike Dr. Bawumia, Sam Goege stated that the National Democratic Congress (NDC) flagbearer, Former President John Dramani Mahama, is focused on how the economy would be managed.

“We have been inundated with questions of policy and policy initiatives.  John Dramani Mahama has been outlining flagship policy initiatives over the past weeks in public engagements.

“The other one, Dr Mahamudu Bawumia has only one message – John Mahama! He is so pathetic and clueless in his engagements so far it explains to us all the reasons our economy under his leadership is in shambles. Bawumia is empty and spent.

“John Mahama has a clear vision and plan to #BuildTheGhanaWeWant. PS: I am open to a factual debate on the policies outlined so far. I’m uninterested in party bots seeking to earn their daily stipend,” he tweeted while reacting to the comment by Vice President Dr Bawumia to the effect that former President Mahama does not understand what it means to have a 24-hour economy.

Sam tweet

According to Dr. Bawumia, hospitals, the Electricity Company of Ghana, the Ghana Water Company, petrol stations, and numerous chop bars are open 24 hours a day, seven days a week.

He urged Ghanaians to oppose Mr Mahama’s proposal.

Addressing a throng in Nalerigu on Monday, November 20 as part of his ‘Thank you’ trip after being chosen NPP flagbearer on November 4, Dr Bawumia remarked, “John Mahama says he has a new idea.” What is the concept? He claims to desire a 24-hour economy. He’s not even aware of the policy.

Today, our hospitals operate 24 hours a day, our power company operates 24 hours a day, our water company operates 24 hours a day, our gasoline stations operate 24 hours a day, and many chop bars operate 24 hours a day. Because of digitization, you may now transmit and receive money 24 hours a day, seven days a week… As a result, he doesn’t grasp his own policies. It makes no sense.

“So I want you to vote for me in 2024 because I will bring a new vision, I will bring a new policy. Mahama is the past, and Dr Bawumia is the future. If John Mahama was there, we would say we have a dumsor economy, you can’t have a 24-hour economy in dumsor. So, you want to vote for Dr Bawumia in 2024, we will take the country to new heights,” Dr Bawumia stated.

Mr Mahama stated that the 24-hour economy will provide work for all Ghanaians.

“The 24-hour economy I proposed is for jobs and more jobs,” the flagbearer of the National Democratic Congress (NDC) stressed.

He suggested the ’24hr Economy’ concept when he met with leaders from the country’s mother workers union on Tuesday, November 7, 2023, as part of his outreach to key stakeholders in his attempt to reclaim power.

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Mahama urges government to pay allowances owed nursing trainees

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“Let the allowance come. Wherever you are, Krobo Nursing Trainees are begging you to let their allowance come,” John Mahama appealed.

The National Democratic Congress (NDC) flagbearer, John Dramani Mahama, wants the government to settle all arrears due to nursing trainees across the country as soon as possible.

According to John Mahama, such delays generate unneeded hardship for pupils.

Mr Mahama says the government must honour its pledge to pay nursing trainee allowances to students at the Krobo Nursing Training School in the Bono Region as part of his trip.

“Nana Akufo-Addo and Bawumia have stated that they will pay the allowances.” I ask you, Nana Addo and Bawumia, if you can hear me, we here at Krobo Nursing Training School, claim you haven’t paid their allowances for two years now.”

“Let the allowance come. Wherever you are, Krobo Nursing Trainees are begging you to let their allowance come,” John Mahama appealed.

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