Supreme Court suspends order for BoG to restore GN Savings licence
On May 21, a three-member panel of the Court of Appeal unanimously ordered the Bank of Ghana to restore the operating licence of GN Savings and Loans with immediate effect.
The Supreme Court’s decision follows an application by the Bank of Ghana seeking to halt the implementation of the Court of Appeal’s ruling.
A five-member panel of the Supreme Court, presided over by Chief Justice Paul Baffoe-Bonnie, has stayed the execution of a Court of Appeal judgment ordering the restoration of the operating licence of GN Savings and Loans Company Limited.
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