BREAKING: Court of Appeal Directs Bank of Ghana to Reinstate GN Savings and Loans License.
βThe Court of Appeal in Accra has issued an order instructing the Central Bank to reverse its 2019 revocation of GN Savings and Loansβ specialized deposit-taking license.
This follows an extended appellate challenge by Groupe Nduom against a previous High Court ruling that had favored the regulator.
βThe decision introduces significant regulatory complexity for the Bank of Ghana and the Receiver, as the financial sector adjusts to the legal implications of reinstating an institution after a multi-year closure.