Businessman and President of Groupe Nduom, Dr Papa Kwesi Nduom, has assured customers of GN Savings that efforts are ongoing to recover locked-up funds and settle outstanding payments.

Speaking at a press conference in Accra on Friday, May 29, 2026, he said the company remains committed to ensuring that customers whose monies remained unpaid after the revocation of the bank’s licence would eventually receive what is due them.

Dr Nduom explained that many customers were led to believe that all depositors had been paid after a receiver was appointed to handle claims following the collapse of GN Savings.

He recalled that former President Nana Addo Dankwa Akufo-Addo and former Governor of the Bank of Ghana, Dr Ernest Addison, had repeatedly encouraged customers to file their claims with the receiver for payment.

However, he noted that companies under Groupe Nduom had still not received funds deposited with the bank.

“Our businesses saved and deposited their monies with our bank. When the licence was taken, they decided not to pay back the funds that were there. Those monies have remained locked up,” he stated.

Dr Nduom indicated that the company is engaging the Bank of Ghana and the receiver to reconcile accounts and determine the amount of money still outstanding.

He added that he was not aware of who had been paid or the total amounts disbursed, stressing the need for a proper accounting process.

According to him, if the reconciliation confirms that some legitimate customers are still owed, steps will be taken to ensure they are paid.

He maintained that discussions with the Bank of Ghana are ongoing and expressed confidence that the matter will be resolved.