Dr. Papa Kwesi Nduom, the founder and CEO of GN Bank, has announced a promising development for the future of the bank and Ghana’s economy. In a recent Facebook post, Dr. Nduom shared that the restoration of GN Bank’s operating license would lead to the creation of at least 3,000 direct jobs across all 16 regions of the country by 2025.
GN Bank, once a key player in Ghana’s financial sector, had its license revoked by the Bank of Ghana during the Akufo-Addo administration as part of a larger financial sector clean-up. This decision resulted in the closure of many branches and the loss of numerous jobs, causing hardship for many Ghanaians. The move, although aimed at stabilizing the banking sector, faced considerable backlash, particularly from the bank’s supporters.
The announcement comes after former President John Dramani Mahama’s victory in the 2024 presidential elections. During his campaign, Mahama promised to restore GN Bank’s license, and with his election win, expectations are high for the bank’s return. Dr. Nduom’s statement marks an important step in fulfilling this promise, with the potential to revitalize the bank and provide significant economic benefits.
Dr. Nduom also emphasized that GN Bank’s reopening would offer more than just employment opportunities. It would also bring financial services to underserved communities, helping to bridge the gap in access to banking across the nation. With branches set to be reestablished nationwide, the bank’s revival is expected to have a profound impact on Ghana’s economy and provide hope to families who had lost their livelihoods.
The news has generated a wave of optimism, particularly from those eagerly anticipating the return of GN Bank and the job prospects it will bring.
