{"id":683600,"date":"2019-08-16T18:15:43","date_gmt":"2019-08-16T18:15:43","guid":{"rendered":" <br><div data-io-article-url=\"https:\/\/www.adomonline.com\/gn-savings-and-loans-22-others-closed-down\/\">\n            <div class=\"td-post-featured-image\"><figure><img width=\"696\" height=\"696\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/ghana-mma.com"},"modified":"2019-08-16T18:15:43","modified_gmt":"2019-08-16T18:15:43","slug":"gn-savings-and-loans-22-others-closed-down","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/08\/16\/gn-savings-and-loans-22-others-closed-down\/","title":{"rendered":"GN Savings and Loans, 22 others closed down"},"content":{"rendered":"<p><\/p>\n<div data-io-article-url=\"https:\/\/www.adomonline.com\/gn-savings-and-loans-22-others-closed-down\/\">\n<div class=\"td-post-featured-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"696\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2019\/08\/newsPost_11_12715696_1728508137380868_5844702045400095853_n-696x696.jpg\"   alt=\"\" title=\"newsPost_11_12715696_1728508137380868_5844702045400095853_n\"\/><figcaption class=\"wp-caption-text\">Dr Papa Kwesi Nduom, Founder, GN Bank\/ GN Savings<\/figcaption><\/figure>\n<\/div>\n<p>The Bank of Ghana (BoG) has revoked the licences of 23 insolvent savings and loans companies and finance house companies.<\/p>\n<p>The BoG has also appointed Eric Nipah as a Receiver for the  specified institutions in line with section 123 (2) of Act 930. <\/p>\n<div itemscope=\"\" itemtype=\"https:\/\/schema.org\/VideoObject\"><meta itemprop=\"name\" content=\"Adom TV - Top Stories\"\/><\/p>\n<p> <iframe loading=\"lazy\" src=\"https:\/\/cdn.jwplayer.com\/players\/O2jopylx-eiq1fPaq.html\" width=\"100%\" height=\"100%\" frameborder=\"0\" scrolling=\"auto\" style=\"position:absolute;\" allowfullscreen=\"\"><\/iframe> <\/p>\n<\/div>\n<p><strong>READ: Audio: Asiedu Nketia acquires Master Degree for Veep post \u2013 Bawumia reveals<\/strong><\/p>\n<p>According  to a statement from the BoG, \u201cthe revocation of the licences of these  institutions has become necessary because they are insolvent even after a  reasonable period within which the Bank of Ghana has engaged with them  in the hope that they would be recapitalised by their shareholders to return them to solvency.<\/p>\n<p><strong>READ: Video: Ghanaian lesbian reveals what excites her about the lifestyle<\/strong><\/p>\n<p>\u201cThese actions were taken pursuant to Section 123 (1) of the Banks and  Specialised Deposit-Taking Institutions Act, 2016 (Act 930), which  requires the Bank of Ghana to revoke the licence of a Bank or Specialised Deposit-Taking Institution (SDI) where the Bank of Ghana determines that the institution is insolvent.\u201d<\/p>\n<p><strong>READ: Video: All roads lead to Nungua Junction Mall for Adom TV\u2019s \u2018Wo Nsa Ano Adwuma\u2019 runway show on Saturday<\/strong><\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2019\/08\/7681414360128_7940362323437.JPG\" alt=\"\"\/><\/figure>\n<style><![CDATA[#vuukle-comments{position:relative!important;}]]><\/style>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dr Papa Kwesi Nduom, Founder, GN Bank\/ GN Savings The Bank of Ghana (BoG) has revoked the licences of 23 insolvent savings and loans companies and finance house companies. The BoG has also appointed Eric Nipah as a Receiver for the specified institutions in line with section 123 (2) of Act 930. READ: Audio: Asiedu [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":683601,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-683600","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GN Savings and Loans, 22 others closed down - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/08\/16\/gn-savings-and-loans-22-others-closed-down\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"GN Savings and Loans, 22 others closed down - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Dr Papa Kwesi Nduom, Founder, GN Bank\/ GN Savings The Bank of Ghana (BoG) has revoked the licences of 23 insolvent savings and loans companies and finance house companies. 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