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GN Bank, Gold Coast Clients Chase Nduom For Cash

GN Bank, Gold Coast Clients Chase Nduom For Cash

Scores of aggrieved customers of GN Bank and Gold Coast Fund Management besieged the head office of Groupe Nduom at the Coconut Grove Regency Hotel at Kanda in Accra on Monday, 10 December 2018 to request for their deposits locked up at the two firms.

The customers, numbering about 50, marched to the office early Monday morning and refused to leave the premises until they had received their monies.

One customer, who pleaded anonymity told that she had an investment with Gold Coast which matured in September 2018, yet, she has not been able to retrieve her investment and the promised interest.

According to her, the management of the company has refused to give her the money after previous visits to the firm and added that, she will sleep at the premises of Coconut Grove until her funds have been released to her.

She said GN Bank was unable to give a student who saves with them GHS100 when she came there to withdraw.

Meanwhile, Chairman of Groupe Nduom, owners of GN Bank and Gold Coast Fund Management among a raft of other businesses, Dr Papa Kwesi Nduom has said the current panic withdrawals that have hit the financial sector will not break any of GN’s financial institutions.

He, has, subsequently assured that no customer will lose a pesewa and urged clients to remain calm as the bank streamlines its activities to meet the demands of the clients.

“No customer of a Groupe Nduom financial Institution has lost one pesewa in 25 years.

“By God’s Grace and our hard work, this will never happen”

“From next week, we will demonstrate to GN Bank’s 1.2 million customers and Gold Coast Fund Management’s 800,000 customers that their funds are safe with us.”

“We will show our customers that GN Bank has one of the lowest non-performing loan portfolios in Ghana, at less than 3%”, Dr Nduom said in a statement earlier weeks before Monday’s incident.”


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