BoG’s US$62.3m transfer claim ‘false’ – GN
Groupe Nduom, the parent company of GN Savings and Loans, whose licence was revoked recently by the Bank of Ghana, has refuted allegations by the central bank that it transferred some US$62.3 million of depositors’ funds to its subsidiaries abroad. In its explanation for the revocation of the licence, the regulator stated that: “A recent Bank of Ghana investigation conducted...