Groupe Nduom releases statement; says gov’t can pay all customers

- The Corporate Affairs department of Groupe Nduom has released a statement with respect to debts owed it

- It revealed that the government is well-positioned to settle all debts owed if the right steps are taken

- Groupe Nduom, therefore, called on stakeholders to help ensure that solutions are provided to bring matters to a close

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The Corporate Affairs department of Groupe Nduom has released a statement with respect to debts owed customers.

The statement revealed that the value of the Gold Coast Government Infrastructure Portfolio is enough to settle all debts if the government pays it.

The company went on to say that at present, the portfolio is valued at GHc2.4bn and companies whose clients have their investments locked include Gold Coast, GN Bank, BlackShield and GCFM Structured Finance.

READ ALSO: IPPs call on government to include $1.4bn debt owed them in mid-year budget

Per a report by starrfm.com.gh, it, therefore, called on all stakeholders to focus on solutions in order to bring matters to a close.

It also encouraged all government agencies as well as the government to meet their obligations to the relevant people.

Groupe Nduom argued that it would be wrong to tag this as a political matter as it goes beyond that.

In its view, it would be wrong for people to use politics as an excuse to freeze payments and projects.

The reason, it explained, is because, pensioners, traders, soldiers, police officers, public servants, teachers, judges, MPs, students, professionals of all types and others have their principal amounts at stake.

Meanwhile, information available to YEN.com.gh shows that the Bank of Ghana (BoG) has been slapped with a GHc2,000 cost by the Court of Appeal.

This comes after the court dismissed its case against HODA Holdings after uniCredit Savings and Loans’ licence had been revoked.

HODA Holdings, the parent company of uniCredit Savings and Loans, then took the BoG to court to challenge the revocation of the licence.

READ ALSO: Dell selects Ghana as one of its core African partners to promote growth

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Source: YEN.com.gh