Supreme Court halts restoration of GN Savings and Loans Company Limited's licence
Synthesised from 2 Ghanaian sources
In June 2026, a three-member panel of the Court of Appeal unanimously overturned a High Court decision that had upheld the revocation of GN Savings and Loans’ licence by the Bank of Ghana (BoG).
The latest ruling means GN Savings and Loans Company Limited cannot, for now, enforce the Court of Appeal’s June 2026 judgment, which directed the restoration of its licence and the return of control of the company to its shareholders.
Following the revocation, Groupe Nduom, led by Dr Papa Kwesi Nduom, challenged the decision at the High Court in Accra, arguing that the Bank of Ghana had violated the company’s constitutional rights and seeking an order reversing the revocation.
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