Managing Director of Groupe Ndoum, Dr. Nana Kweku Ndoum, admitted that the restructuring of GN Financial savings and Loans will probably be a tough and time-consuming course of after years of asset disposal and dilapidation following the revocation of the corporate’s license.
Feedback on JoyNews information file On Saturday, Might 23, Dr Ndum stated the group remained hopeful of returning to the monetary sector regardless of the large challenges forward.
“Attempting to revive what we had goes to be an extended and complex course of, just because a lot time has handed and a lot has occurred,” he stated.
He stated a good portion of the corporate’s belongings have been disposed of or left to deteriorate since its license was revoked in 2019.
“We now have pictures and movies of automobiles, mills and bikes rusting and uncovered to the weather,” he stated.
“There are locations the place there was 100, 200 automobiles parked there, and now you go there and there is solely 4 or 5. So there’s plenty of property being disposed of.”
Dr Ndumu defined that the group is ready for clear directions from the court docket on the method of returning belongings earlier than making a ultimate determination on restarting.
Nevertheless, he expressed confidence that Groupe Ndumu will ultimately return to the monetary markets as soon as the restoration course of turns into clear.
His feedback adopted Thursday’s Courtroom of Attraction ruling in favor of GN Financial savings and Loans, which directed the Financial institution of Ghana to return the corporate’s belongings to the corporate and its shareholders.
