\n
By Isaac Arkoh<\/p>\n
Elmina (C\/R), Dec 01, GNA \u2013 A group calling itself \u201cconcerned residents in the Komenda-Edina-Eguafo-Abrem (KEEA)\u201d Municipality of the Central Region have staged a protest in Elmina, urging the government to reinstate the licence of the defunct GN Bank.\u00a0<\/p>\n
The Bank of Ghana revoked the licence of GN Bank citing the inability of the bank to meet its financial obligations to customers, a claim contested by the concerned residents as unfounded and unsubstantiated.\u00a0\u00a0<\/p>\n
The residents praised Dr Papa Kwesi Nduom, the Chairman of Group Nduom (GN), for his remarkable entrepreneurial expertise, which they regarded as a divine gift worthy of safeguarding and backing.\u00a0<\/p>\n
The concerned residents accused the government of deliberately stifling innovative spirit of patriotic citizens thereby exacerbating the country\u2019s debilitating unemployment, poverty, crime, disease, deprivation, and perpetual stagnation.\u00a0<\/p>\n
Dr Nduom has established a plethora of enterprises in the area in manufacturing, industrial printing, electronic assembly, quarrying, concrete production, primary and tertiary education, sports and entertainment, as well as hotel and hospitality services.\u00a0<\/p>\n
This has not only generated numerous employment opportunities but has also fostered the growth of local businesses, also offering a source of recreation and joy after hard day\u2019s toil.\u00a0<\/p>\n
Amidst the resounding chants of \u201cDr Nduom, our esteemed and distinguished magnate,\u201d the inhabitants paraded peacefully along the main thoroughfares, bearing luminous lanterns.\u00a0<\/p>\n
Their cries of anguish over the severe economic hardship and widespread joblessness garnered widespread praise from onlookers, with drivers honking their horns in solidarity.\u00a0<\/p>\n
Clad in crimson and ebony hues, the group carried banners and placards with messages such as: \u201cReinstate GN Savings\u2019 Licence,\u201d \u201cHonour Nduom\u2019s Financial Obligations,\u201d \u201cDivine Intervention is on Our Side,\u201d \u201cGN Remains Financially Stable,\u201d \u201cCease targeting Nduom,\u201d and \u201cNduom is our Benefactor.\u201d\u00a0<\/p>\n
A grand banner bearing a proverbial inscription: \u201cWhile any sculptor may excel in working with fine wood, it requires true mastery to craft something extraordinary from twisted and unruly timber,\u201d was raised in the town.\u00a0<\/p>\n
\u201cIt is our solemn duty to safeguard and uphold the majestic legacy of this tree in Elmina, Dr Nduom,\u201d one of the residents insisted.\u00a0<\/p>\n
Drawing historical events similar to Dr Nduom\u2019s, Ofarnyi John Quayson, also known as Maanoma, a prominent Fisherman in Elmina, recounted alleged unjust treatment meted out to one Mr Mpili Mensa, an esteemed entrepreneur from Elmina in 1874, who was maltreated by the Colonial Administration, which resulted in severe consequences.\u00a0<\/p>\n
He lamented the animosity, and destructive actions towards Dr Nduom and his enterprises by the current government, echoing the injustices of the past.\u00a0\u00a0<\/p>\n
Mr Quayson urged the government to settle the GHc2.2 billion debt the government allegedly owed Dr Nduom.\u00a0<\/p>\n
He criticised the government for denying support for the GN Bank, as well as the prolonged validation process for the debt owed it, labelling it as \u201cdisheartening.\u201d\u00a0<\/p>\n
The shutting down of the GN Bank led to the laying off affected more than 4,000 employees.\u00a0<\/p>\n
The are now unemployed and enduring hardships alongside their families.\u00a0<\/p>\n
GNA\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
By Isaac Arkoh Elmina (C\/R), Dec 01, GNA \u2013 A group calling itself \u201cconcerned residents in the Komenda-Edina-Eguafo-Abrem (KEEA)\u201d Municipality of the Central Region have staged a protest in Elmina, urging the government to reinstate the licence of the defunct GN Bank.\u00a0 The Bank of Ghana revoked the licence of GN Bank citing the inability […]<\/p>\n","protected":false},"author":1,"featured_media":258998,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-258997","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-news"],"yoast_head":"\n
Reinstate GN Bank or suffer consequences thereof \u2014 Elmina residents to govt\u00a0 - 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\/2024\/12\/01\/reinstate-gn-bank-or-suffer-consequences-thereof-elmina-residents-to-govt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reinstate GN Bank or suffer consequences thereof \u2014 Elmina residents to govt\u00a0 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"By Isaac Arkoh Elmina (C\/R), Dec 01, GNA \u2013 A group calling itself \u201cconcerned residents in the Komenda-Edina-Eguafo-Abrem (KEEA)\u201d Municipality of the Central Region have staged a protest in Elmina, urging the government to reinstate the licence of the defunct GN Bank.\u00a0 The Bank of Ghana revoked the licence of GN Bank citing the inability […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/12\/01\/reinstate-gn-bank-or-suffer-consequences-thereof-elmina-residents-to-govt\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-01T22:04:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/12\/Politics-GN-Bank-Residents-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/12\\\/01\\\/reinstate-gn-bank-or-suffer-consequences-thereof-elmina-residents-to-govt\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/12\\\/01\\\/reinstate-gn-bank-or-suffer-consequences-thereof-elmina-residents-to-govt\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"Reinstate GN Bank or suffer consequences thereof \u2014 Elmina residents to govt\u00a0\",\"datePublished\":\"2024-12-01T22:04:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/12\\\/01\\\/reinstate-gn-bank-or-suffer-consequences-thereof-elmina-residents-to-govt\\\/\"},\"wordCount\":500,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/12\\\/01\\\/reinstate-gn-bank-or-suffer-consequences-thereof-elmina-residents-to-govt\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/Politics-GN-Bank-Residents-1.jpg\",\"articleSection\":[\"Top News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/12\\\/01\\\/reinstate-gn-bank-or-suffer-consequences-thereof-elmina-residents-to-govt\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/12\\\/01\\\/reinstate-gn-bank-or-suffer-consequences-thereof-elmina-residents-to-govt\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/12\\\/01\\\/reinstate-gn-bank-or-suffer-consequences-thereof-elmina-residents-to-govt\\\/\",\"name\":\"Reinstate GN Bank or suffer consequences thereof \u2014 Elmina residents to govt\u00a0 - 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