Papa Kwesi Nduom ‘quits’ Groupe Nduom in Ghana

Business News of Tuesday, 30 October 2018



Nduom Pension9Dr. Papa Kwesi Nduom, President of Groupe Nduom

Successful businessman mogul, Dr. Papa Kwesi Nduom has announced his resignation as the Chairman of all Groupe Nduom Companies in Ghana.

The politician cum businessman also noted that – “I’m getting out of being on the Board of all our companies in Ghana.”

“From a week or so ago, I’m no longer the Chairman of Gold Coast Fund Management. As a matter of fact, I’m getting out of being on the Board of all our companies in Ghana. I don’t want to be a Director; I don’t want to be a Manager or CEO of any of our companies in Ghana,” he made this known in an interview with Accra based Class FM, Monday, October 29, 2018

Dr. Nduom who owns a chain of businesses in Ghana and abroad said he is now interested in playing the role as an investor than a Chairman.

“We are going to divert some of the shareholdings in our company to other entities, other individuals and I want to make sure that the relationships with those people are the best. I also want to make sure that anybody who has monies with us, my job is going to be that we work to ensure that they get their monies,” he explained.

Dr. Nduom has created 65 businesses around the world, with the bulk of it operating in Ghana – his businesses fall mostly in the banking/finance, hospitality and media categories.

He recently acquired a bank, ISF Bank, in the USA.

Here are all of Dr. Paa Kwesi Nduom’s businesses and what they do;

1.Coconut Grove Hotels (Miners lodge at Obuasi, Regency in Accra, Bridge House in Elmina, Beach Resort at Elmina and two new ones coming up at Sakumono and Wa)

2. GN Bank (260 branches in Ghana, Ivory Coast, Antigua, Zimbabwe, Pueto Rico, Saint Kitts-and-Nevis, USA, Togo, Benin and Liberia)

3. GN Quarry

4. GN Printing Press

5. Digicut (Advertising and PR Consult)

6. Spider Lee Entertainment

7. Monica Yorke Preparatory School at Elmina (Best Basic School in KEEA)

8. AFR

9. Qualtek (ICT)

10. Gold Coast Fund Management (20years of experience)

11. Yorke Properties (Real Estate)

12. GN Re-Insurance (Best in the industry which started with an initial capital of Ghc 80million above the minimum requirement of Ghc 40million)

13. GN Health Insurance

14. GN Life Assurance

15. Ghana Growth Fund Ltd

16. Ahomka FM (Elmina)

17. Enyidado FM (Awutu)

18. Agoro FM (Berekum)

19. Golden Pod (Sefwi Juabeso)

20. Okyeman FM (Akim Oda)

21. Gold Coast Brokerage

22. Sterlin Management Services

23. Sterlin Protection Services

24. Today Newspaper

25. ATV

26. BTA

27. First Digital TV

28. Fresh Pak (Manufacturing)

29. Elmina Sharks (Football)

30. Hedjorl3 online radio

31. EPPL (Manufacturing)

32. Pentrust (Pensions)

33. GN Power (Alternative Power Generation)

34. GN Finance

35. GN Asset Management and Protection

36. Ghanaian Journal (Online newspaper)

37. Kasapreko FM (Wassa Akropong)

38. Ghana Media Consult

39. Oceean1 Tv (Elmina)

40. Light FM (Aflao)

41. Nduom University (Elmina-Komenda-Takoradi Highway)

42. GN Microinsurance

43. Wa FM (Wa)

44. GN Research

45. Institute for Progressive Research & Advocacy (IPRA)

46. GN Farms (Brong Ahafo, KEEA and Western Region)

47. LEDFC (Liberia Enterprise Development Fund Company)

48. GN Foundation (Scholarships)

49. GN Hospital (Dr Edjah Nduom and Dr Aba Nduom, both children of Dr & Mrs Nduom (Neurosurgeon and Medical Doctor respectively), together with other specialists and researchers are working on an ultra-modern GN Hospital at Elmina with satellite clinics in all 10 regional capitals.

50. GN Projects

51. GN Logistics (Bulk storage, courier, procurement, warehousing etc)

52. GN Electronics (Assembling of LCD TVs and decoders)

53. Nduom Sports Stadium (Elmina)

54. GN Concrete Products (Elmina)

55. GN Autoshop (Vehicle Assembling)

56. IBS (USA)

57. Sea Lions (Female football team)

58. Ahomka radio (UK)

59. GN Legal

60. Adehyi3 FM (Bibiani)

61. GNHR

62. GN Microenterprise Business

63. GN Ambulance Brigade

64. Suhupieli FM (Tamale)

65. ISF Bank (Chicago)

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