GN Bank Left To Rot Three Years After Government Of Ghana Takes Over The Building

• Local Ghanaian bank GN Bank by Group Nduom was forced to shut down its operations after the Bank Of Ghana revoked its licence
• The government took over operations of the bank in 2019, and not much has been done since to keep it in good condition
• Some bank employees have voiced concerns about the maintenance of the financial institutions' premises, which are in a deplorable state

Almost three years after the government shut down Groupe Nduom companies, several employees expressed sadness over the dilapidated financial institutions' premises across Ghana.

On August 16, 2019, Eric Nana Nipah, a Receiver appointed by the Bank of Ghana, took control of GN Bank and GN Savings. The Receiver and his team moved in and fired all Groupe Nduom firms from the building to carry out their obligations from the GN Bank headquarters in Asylum Down, Accra.

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It is reported that on Friday, August 5, 2022, occupants of the building fled for their lives when someone yelled, warning that the structure was about to collapse.

Speaking in an interview, a representative from Group Nduom stated:

It is incredible that a contemporary structure built only a few years ago in Accra has served as an example of what is taking place not just in Accra, but also in other places. In order to support our argument that the Receiver has to do a better job of safeguarding assets they have forcibly taken control over, we are presenting and displaying these photos that were only taken last Friday.

The representative stated that any physical asset will suffer financial loss after three years of neglect, adding that "the situation at Asylum Down is a perfect illustration of that."

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Saglemi Housing Project, Ho Youth Center and Other Abandoned Building projects That Could Transform Ghana

In an earlier story, YEN.com.gh wrote about building projects that have been abandoned in Ghana. It is upsetting to see enormous structures in a state of disrepair, like the Saglemi Housing Project and the Ho Youth Center.

Given the high construction cost, it may not be easy to restore such large projects fully. Therefore, determining which projects need to be developed and ensuring their completion is the responsibility of the government and other relevant authorities.

Source: YEN.com.gh