GN Bank, Gold Coast clients storm Coconut Grove Hotel to demand deposits (Video)

GN Bank, Gold Coast clients storm Coconut Grove Hotel to demand deposits (Video)

Some aggrieved customers of GN Bank and Gold Coast Fund Management, all belonging to Ghanaian politician and businessman, Papa Kwesi Ndoum, have demanded their cash deposits with the companies.

The angry customers had besieged the head office of Groupe Nduom at the Coconut Grove Regency Hotel at Kanda in Accra on Monday, 10, December 2018 to request for their deposits locked up at the two firms.

The customers, numbering about 50, marched to the office early Monday morning and refused to leave the premises until their monies had been paid to them in full.

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This is contained in a report sighted by YEN.com.gh on Classfmonline.com.

One customer reportedly said that she had an investment with Gold Coast which matured in September 2018, yet, she had not been able to retrieve her investment and the promised interest.

According to her, the management of the company has refused to give her the money after previous visits to the firm and added that, she will sleep at the premises of Coconut Grove until her funds have been released to her.

She said GN Bank was unable to give a student who saved with them GH₵100 when she came there to withdraw.

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Meanwhile, Chairman of Groupe Nduom, owners of GN Bank and Gold Coast Fund Management among a raft of other businesses, Dr Papa Kwesi Nduom has said the current panic withdrawals that have hit the financial sector will not break any of GN’s financial institutions.

According to him, no customer will lose a pesewa and urged clients to remain calm as the bank streamlines its activities to meet the demands of the clients.

No customer of a Groupe Nduom financial Institution has lost one pesewa in 25 years.By God’s Grace and our hard work, this will never happen," Ndoum reportedly said.

“From next week, we will demonstrate to GN Bank’s 1.2 million customers and Gold Coast Fund Management’s 800,000 customers that their funds are safe with us."

“We will show our customers that GN Bank has one of the lowest non-performing loan portfolios in Ghana, at less than 3%," Dr Nduom said in a statement earlier weeks before Monday’s incident.

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Source: Yen.com.gh

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