Politics
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.
Politics
Alan is the only one who can ensure Ghana’s economic turnaround

Alan Kyerematen, a former Trade Minister and unsuccessful presidential candidate for the New Patriotic Party (NPP), claims to be the man who will ensure Ghana’s economic recovery.
Alan resigned from the NPP with immediate effect on Monday, September 25, and declared his desire to run as an independent candidate in the 2024 elections.
“I am using this platform to introduce myself to you, the good people of Ghana and humbly seek your support to become the next President of the Republic of Ghana.”
“I believe, with unwavering conviction, that I am the only leader who, with unmatched integrity, can guarantee the economic and industrial transformation of Ghana, the restoration of confidence in political leadership, and the unification of an increasingly divided nation,” he said.
Mr. Kyerematen stated that his distinct selling point is based on “vision, competence, integrity, and action.”
He stated that the country’s widespread job issue is becoming a national security danger.
This, he claimed, was demonstrated by the three-day “Occupy Julorbi House” rallies staged by Accra’s Democracy Hub.
“Every year over 300,000 graduates from tertiary institutions in Ghana, excluding those from secondary institutions, enter the job market with little or no hope of finding a job. Clearly, public sector employment is not an option, with an already over-bloated public service. This phenomenon of pervasive employment crisis is gradually becoming a national security threat, as evidenced by the recent “Occupy Julorbi House” demonstrations.”
“The initial reaction of the Police in manhandling some protestors is not the solution to the problem. What Ghana needs now is CHANGE, which will provide long-lasting solutions to the challenges confronting our country,” Mr Kyerematen stated.
Politics
Alan quits NPP as he announces Movement For Change

John Alan Kyerematen, the embattled former Trade and Industry Minister, has resigned from the ruling New Patriotic Party (NPP).
The presidential candidate who finished third in the party’s Super Delegates Congress will run as an independent presidential candidate in 2024.
On Monday, September 25, he announced his resignation in a well-publicised news conference.
“Fellow Countrymen and Women, under the circumstances and given the context provided, I wish to use this platform to announce that I am honourably resigning with immediate effect from the New Patriotic Party to contest for the high office of the President of the Republic of Ghana in the 2024 General Elections, as an Independent Presidential Candidate.”
He explained “My decision to contest as an Independent Candidate will not destroy the Party, but instead provide the Party an opportunity to participate in a Government of National Unity in the future, and avoid the risk of going into opposition with no dividends, in what arguably will be a difficult general election in 2024.
“You can vote for your preferred choice of NPP Parliamentary Candidate and vote for Alan John Kwadwo Kyerematen in the Presidential elections in December 2024, to become the sixth President of the fourth Republic of Ghana.”
Alan’s Movement for Change Party

Mr Kyerematen stated that in order to “actualize this goal,” he will “found and lead a new Movement for Change in Ghana.”
“The brand logo for the MOVEMENT is the Monarch Butterfly, which politically symbolizes change and transformation, hope, and positivity. It also communicates strength, endurance, spirituality, and trust, which are key traits that I cherish as a Political Leader.
“In Akan, it is known as Afrafranto. The brand motto of the b is “Ghana Will Rise Again,” which symbolizes hope for the future of Ghana.”
The former Trades Minister said, “The new Movement will be led and powered by the youth of Ghana. Out of the over 17 million registered voters in the 2020 general election, the youth aged 18-35, years constituted over 9.4 million voters representing 55% of the total voters.”
“I believe, with unwavering conviction, that I am the only leader who, with unmatched integrity can guarantee the economic and industrial transformation of Ghana, the restoration of confidence in political leadership, and the unification of an increasingly divided nation.
“My unique selling proposition as a leader is Vision, Competence, Integrity and Action.”
Alan and party structures
Mr. Kyerematen had previously explored joining an existing political party with established institutions but had changed his mind for unknown reasons.
His departure from the NPP will be the second time the former NPP flagbearer candidate has left the party, having done so in 2008.
It also indicates his willingness to leave the party if his goal to lead the NPP is not realised.
Mr. Kyerematen resigned from the NPP in 2008 after losing the Presidential primaries to then-candidate Akufo-Addo, claiming harassment of his supporters.
Similarly, he just resigned from the NPP Presidential candidature after coming third in the super delegates’ congress on August 26, 2023, alleging intimidation and an unequal playing field as grounds for his decision.
Politics
OccupyJulorBiHouse: Organisers’ derogatory depiction of the presidency is reprehensible – Richard Ahiagbah

The New Patriotic Party’s (NPP) Communications Director, Richard Ahiagbah, has voiced his concern with the disrespectful captioning of the Jubilee House by leaders of the pressure organisation, Democracy Hub.
The organisers of the scuttled demonstration in Accra on Thursday, Democracy Hub, had dubbed the protest to occupy the precincts of the seat of government, Jubilee House, #OccupyJulorBiHouse, with ‘julorbi’ being a parody of the official name of the presidency in the Ga language, which loosely translates as ‘the child of a thief’.
Mr Ahiagbah, who backed citizens’ freedom to demonstrate, disagreed with the disparaging portrayal of the presidency.
“I don’t agree with the derogatory caption of the Presidency by the organizers of the demonstration, but impeding their right to peaceful assembly is an affront to democracy, plain and simple.”
The NPP Communications Director pointed out that there have been numerous peaceful demonstrations during President Akufo-Addo’s presidency, including the Arise Ghana demo and the Kume Preko demo, which he said did not record such events as happened on Thursday, and wondered why anyone would think the government was behind the disruption of Thursday’s demonstration.
“This is not the publicity we need on a day such as this…Allow!,” he said, in apparent condemnation of the police action.
He highlighted that the Ghana Police Service’s meddling and arrest of demonstrators who took part in the #OccupyJulorBiHouse movement is a violation of the people’s rights.
Mr Ahiagbah stressed in a post on Thursday, September 21, that “the people’s ability to engage in peaceful demonstrations is an inherent democratic right.”
Any action that prevents persons from enjoying this basic freedom, in his opinion, is just wrong.
According to Democracy Hub, the rally was held to stress their demands for lower living costs, an end to corruption, and improved governance, among other things.
However, in the early hours of Thursday, September 21, police detained 49 protestors, accusing them of unlawful assembly and violating the Public Order Act.
The detained individuals ignored court documents filed on the organisers, Democracy Hub, to prevent them from carrying out the scheduled rally.
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