The Central Bank of Ghana has demoted Dr. Papa Kwai Nduom’s GN Bank to a savings and loans bank today 4th January 2019.

This decision was reached after the Central Bank of Ghana finished banking resolution requiring each commercial bank operating in the country to have a minimum capital of 400 million cedis.

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The Central bank explained that GN Bank could not reach the required 400 million cedis minimum capital. The deadline to meet the requirements was December 2018.

Meanwhile, the Bank of Ghana has published the names of the banks which were able to meet the requirement and most of the foreign-owned banks made it.


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Rashad is a seasoned entertainment and lifestyle journalist who holds a Bachelor of Arts certificate in Social And Development Administration. He is also an award-winning publicist and social media enthusiast. For all your adverts, services and any related needs, you can reach Rashad on +233203713877 WhatsApp +233245475186 Email: Do well to follow him on all his social media handles below and have A-Z news update on all trending issues