Accusing gov't over closure of GN Savings unwarranted - Gov't to Elmina residents

Accusing gov't over closure of GN Savings unwarranted - Gov't to Elmina residents

- Government has trashed claims that it is to blame for the collapse of GN Savings, a company owned by Dr. Paa Kwesi Nduom

- This comes after a press conference held by some aggrieved residents of Elmina accused the Akufo-Addo government of being responsible for happenings in the financial sector

- However the Akufo-Addo administration said it had nothing to gain with the closure of a company belonging to a Ghanaian

Government has trashed claims that it is to blame for the collapse of GN Savings, a company owned by Dr. Paa Kwesi Nduom.

This comes after a press conference held by some aggrieved residents of Elmina accused the Akufo-Addo government of being a contributing factor to the revocation of the operational license of GN Savings and Loans

According to the group, the Bank of Ghana deliberately revoked the license of the financial institution and therefore gave the government a three-week ultimatum to pay back monies owed Dr. Nduom or face their wrath.

READ ALSO: Kelvynboy reacts to fight with Stonebwoy and it is fire

A statement issued by the government in response to the group’s outburst, indicated that the claims were misplaced, needless and lacked substance given the fact that the Central Bank acted in accordance with the law.

“The claim made by the organisers of the press conference that the woes of GN Savings and Loans had been caused because Government had failed to honour its financial obligations to GN Savings and Loans is completely misplaced," the statement noted.

The statement additionally noted that the Akufo-Addo administration had nothing to gain following the closure of a company belonging to a Ghanaian

"The deliberate attempt to draw in Government and President Akufo-Addo into the insolvency problems of GN Savings and Loans and others is totally unwarranted, unfortunate and without any substance,” portions of the statement said.

READ ALSO:Suspended PPA boss was already under investigation - Special Prosecutor

Meanwhile, information reaching YEN.com.gh has indicated that the suspended Public Procurement Authority CEO, Adjenim Boateng Adjei, had been under investigation for several months now.

According to a correspondence addressed to the Secretary to the President, the Special Prosecutor Martin Amidu observed that the issue has been under investigations as part of a report submitted by the Auditor General several months ago.

In the letter to the Presidency, Amidu stated that he had called Mr. Azure to congratulate him on the work done but quickly noted that his office was also at the helm of affairs.

READ ALSO: NPP describes NDC’s primaries as an exhibition of violence

Ghana News Today: NAM1 Finally Breaks Silence on Menzgold Issues| #Yencomgh

Subscribe to watch new videos

Know someone who is extremely talented and needs recognition? Your stories and photos are always welcome. Get interactive via our Facebook page.

Source: Yen

Mailfire view pixel