Nduom Expresses Gratitude to Mahama After Restoration of GN Bank Licence
Founder of GN Bank, Dr Papa Kwesi Nduom, has expressed profound gratitude to President John Dramani Mahama following the restoration of the bank’s operating licence after nearly seven years of legal disputes and financial uncertainty.
In a Facebook post shared on May 23, 2026, Dr Nduom thanked President Mahama for fulfilling what he described as a key campaign promise to restore financial institutions that were “collapsed unjustly” during Ghana’s banking sector cleanup exercise.
“Gratitude to H.E. John Dramani Mahama for the promise he made as a presidential candidate to return banks collapsed unjustly,” Dr Nduom stated in the post.
He further commended the Mahama administration for creating what he described as a positive and enabling environment for businesses and financial institutions to recover and thrive.
“And for creating an enabling and positive social and economic environment in the country,” he added.
The statement comes barely two days after the official restoration of GN Bank’s licence on May 21, 2026, a major turning point in one of the most widely debated cases arising from Ghana’s banking sector reforms.
GN Bank was among several financial institutions affected during the banking sector cleanup exercise carried out in 2019 under the administration of former President Nana Addo Dankwa Akufo-Addo. The exercise led to the revocation of licences of a number of banks and savings and loans companies, with regulators citing insolvency and regulatory breaches as reasons for the actions.
The restoration of GN Bank’s licence has since sparked widespread public reaction, with many supporters of Dr Nduom and the bank describing the decision as a victory after years of legal battles, financial struggles, and persistent calls for justice.
Read alsoCourt of Appeal Restores GN Savings and Loans Licence in Landmark Ruling
Following the court ruling that paved the way for the bank’s return, Dr Nduom described the past seven years as an extremely difficult period for himself, employees of the bank, customers, and loyal supporters who stood by the institution throughout the prolonged legal process.
He also hinted that there are several untold aspects of the revocation saga that may eventually be made public at the appropriate time.
The development marks a significant moment in Ghana’s financial sector and is expected to reignite discussions surrounding the impact of the banking sector cleanup exercise on indigenous financial institutions, businesses, and livelihoods across the country.
