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Customers of GN Bank storms Head Office

Some distressed customers of GN Bank and Gold Coast Fund Management on Monday, 10 December 2018 stormed the head office of Groupe Nduom at the Coconut Grove Regency Hotel at Kanda, Accra to demand their locked-up deposits.

The customers, numbering about 50, marched to the office early Monday morning and refused to leave the premises until they had received their money.

According to some customers they have  an investment with Gold Coast which matured in September 2018, yet, they have not been able to retrieve her investment and the promised interest.

Meanwhile, Dr Papa Kwesi Nduom, Chairman of Groupe Nduom, owners of GN Bank and Gold Coast Fund Management, has said the current panic withdrawals that have hit the financial sector will not break any of GN’s financial institutions.

Speaking to traders at the car parts retail market at Abosey Okai in Accra in October, Dr Papa Kwesi Nduom said the panic withdrawals have kept him awake at night.

ALSO READ: Dr. Papa Kwesi Nduom resigns as Chair of some GN companies

“I’ve had sleepless nights for the past few weeks because of the panic withdrawals,” he lamented.

He therefore appealed to customers of GN Bank to cease panic withdrawals that have hit the bank in recent times.

He has been assuring that no customer will lose a pesewa and urged clients to remain calm as the bank streamlines its activities to meet the demands of the clients.

“No customer of a Groupe Nduom financial institution has lost one pesewa in 25 years.

“By God’s Grace and our hard work, this will never happen!

“… We will demonstrate to GN Bank’s 1.2 million customers and Gold Coast Fund Management’s 800,000 customers that their funds are safe with us.

“We will show our customers that GN Bank has one of the lowest non-performing loan portfolios in Ghana, at less than 3%”, Dr Nduom said in a statement a few weeks earlier.