President of Groupe Nduom Ghana, Dr Nana Kweku Nduom, has indicated that GN Savings and Loans could resume operations before the end of 2026 following the restoration of its licence by the Court of Appeal.
Speaking in an interview on Channel One TV’s The Point of View on Monday, May 25, Dr Nduom said the reopening of the institution would depend on the completion of the necessary approvals and regulatory clearances.
Despite the outstanding processes, he expressed confidence that the company would return to operation before the close of the year.
“I think it would be this year. I think maybe in the quarter. I think before the end of the year will be a very safe estimate. Before September will be somewhat ambitious,” he said.
His comments come as Groupe Nduom moves to restore full operations of GN Savings and Loans after the Court of Appeal overturned an earlier High Court ruling that had upheld the revocation of the institution’s licence during Ghana’s banking sector clean-up exercise.
The appellate court also directed that all assets be returned to the company’s original owners and that management be handed back to the former leadership, clearing the path for a phased reopening of branches.
GN Savings and Loans was among several financial institutions affected during the 2019 financial sector clean-up, which resulted in widespread licence revocations and restructuring across the banking and savings and loans industry.