Information circulating on social media suggests that GN Bank’s licence has been restored. However, no official statement or communiqué has been issued by the Bank of Ghana or the Ministry of Finance to confirm the development.
GN Bank licence was revoked in 2019 after the central bank declared it insolvent and unable to meet the required capital threshold. The revocation, which formed part of Ghana’s sweeping banking sector reforms, left thousands of customers distressed and staff unemployed.
The bank’s founder, Dr. Papa Kwesi Nduom, has since fought to clear the institution’s name, insisting that the government’s failure to pay debts owed to his companies contributed significantly to the bank’s collapse. His long-standing campaign for restoration has drawn both sympathy and skepticism.
Still, for many, GN Bank was more than a financial institution. It represented access, opportunity, and a symbol of Ghanaian enterprise. The uncertainty surrounding its future continues to stir emotions across communities.