393:
10 percent of its total deposits by the first quarter of 2019. Again, shareholders of GN, according to the Bank of Ghana, failed to restore the company to the required regulatory capital and liquidity levels despite promises that new capital was expected from foreign investors.GN was also found to have diverted some ₵761.55 million to pay the customers of two subsidiaries, Gold Coast Fund
Management Limited and Ghana Growth Fund.
388:
In August 2019, GN Bank reclassified as
Savings and Loans Company was among 23 Saving and Loans Outfits whose licenses were withdrawn by the Bank of Ghana. In a statement, the Central Bank said GN had become insolvent under section 123 (4) of the Banks and SDIs Act, 2016 (Act 930), being in breach of
367:
in
December 2004 and this time, he won by 33.6 points (30,981 votes to 15,427). At the time, he served as the chairman of the Organising Committee of the CPP. Early in President Kufuor's second term of office, Nduom became the Minister for Public Sector Reform. He continued in this capacity till July
300:
Nduom started work as a life insurance underwriter with the North
Western Mutual Life Insurance Company between 1975 and 1978. Over the next year, he worked with Blue Cross Blue Shield of Wisconsin. In 1979, he joined the Milwaukee Metropolitan Sewerage District as a budget and management analyst. In
400:
In
January 2024, the human right division of the Accra High Court dismissed Ndoum's application for the violation of fundamental human rights. Delivering the judgment, the court said BOG withdrew GN's license legally as it had become apparent that at the time the central bank took the action, GN was
392:
Among other reasons, BOG said GN was facing severe liquidity crisis with complaints received by the
Financial Stability Department of the Central Bank from customers who have been denied access to their deposits for months. Also, GN consistently failed to meet the minimum cash reserve requirement of
384:
Ndoum is the founder of GN Bank. The bank was first incorporated as First
National Savings and Loans in May 2008. By September same year, it was issued a universal banking license by the Bank of Ghana. The Bank overtook the Ghana Commercial Bank as the bank with the most network across the country.
396:
Despite the reasons given, Ndoum denied all the reasons and proceeded in August 19, 2019, to file a suit at the high court challenging the decision of the BOG to revoke its license as savings and loans company. In the court, lawyers of Ndoum argued that withdrawing GN's license was abuse of
425:. They have four children namely, Nana Kweku Nduom, Edjah Kweku Nduom, Chief Nduom, and Nana Aba Nduom. Nana Kweku is married to Esinam Julia Nduom (née Baeta) and they have a daughter, Maame Adjoa Kakraba Nduom. Edjah is married to Kelley Nduom (née Coleman).
651:
652:
https://www.graphic.com.gh/news/education/nduom-school-of-business-and-technology-graduates-1st-batch-gives-graduands-1-000-each.html#:~:text=The%20founder%20and%20Chairman%20of,each%20%241%2C000%20upon%20their%20graduation.
39:
385:
In
January 2019, the central Bank granted GN Bank's request to reclassify as a savings and loans company as it was unable to meet the minimum paid up capital of ¢400 million by December 2018.
995:
401:
not able to meet its debt obligation as a result of bad governance.Lawyers for Ndoum after the court's verdict indicated their disagreement and said they were going to appeal the judgment.
305:
as an associate consultant, rising to become a partner in the firms' Milwaukee office by 1986. In 1992, he helped establish
Deloitte & Touche's West Africa Consulting division.
1297:
229:
56:
1460:
363:. During a cabinet reshuffle in April 2003, Nduom became the Minister for Energy. Eighteen months later, he again contested the Komenda-Edina-Eguafo-Abirem seat in the
331:
His active role in politics began in 1997 when he was elected as a member of the
Komenda-Edina-Eguafo-Abirem District Assembly for the Akotobinsin Electoral Area.
1475:
720:
1465:
1196:
463:
360:
1042:
315:
He shares ownership of GN Savings and Loans with other shareholders. He is also the owner of Groupe Ndoum and Coconut Grove Resort in Ghana.
1187:
494:
339:
In December 2000, he contested the Ghanaian parliamentary elections for the Komenda-Edina-Eguafo-Abirem constituency on the ticket of the
1490:
601:
980:
938:
1470:
689:
253:
1455:
1120:
963:
1351:
281:
225:
138:
1017:
364:
344:
1440:
750:
418:
1450:
1405:
861:
1094:
1435:
1377:
728:
1068:
802:
550:
525:
1485:
663:
261:
368:
2007 when he resigned from government to seek his party's nomination to stand as the CPP presidential candidate.
347:(NDC) by a margin of 2.6% of the valid votes cast. However, two months later, he was appointed by President
1327:
340:
150:
1412:
1398:
1391:
912:
886:
1384:
776:
252:
of Ghana. He was named Joseph Hubster Yorke Jr after his father. He had his secondary education at the
627:
1337:
1174:
1147:
309:
842:. Electoral Commission of Ghana, with support of the Friedrich Ebert Stiftung, Accra. November 2005
414:
1184:
502:
318:
He owns a lot of businesses in Ghana and he is also the founder of the Nduom School of Business.
1445:
397:
regulatory authority of the central bank and affront to the human rights of Ndoum, the owner.
1480:
249:
697:
1430:
8:
1283:
1262:
832:
356:
302:
1227:
576:
285:
1237:
751:"MINISTRY OF ECONOMIC PLANNING & REGIONAL COOPERATION FEBRUARY 2001 – APRIL 2003"
464:"Nduom challenges Birim Group LLC in US court over money laundering and fraud claims"
444:
352:
233:
1043:"Revocation of GN Bank's license: We'll appeal against judgement – Lawyers of Nduom"
602:"GN Savings & Loans case: Ndoum urges court to reject BoG, Receiver's evidence"
277:
1406:
Parliamentary Results Komenda/Edina Eguafo/Abirem (Central Region) - Ghanaweb.com
1191:
228:. A three-time candidate for president, he was the member of parliament for the
1320:
269:
265:
754:
1424:
1212:
840:
Parliamentary Election Results for Region Central by the Electoral Commission
422:
273:
38:
1098:
410:
165:
1252:
1072:
810:
554:
348:
667:
257:
180:
495:"Minister of Planning and Regional Integration - Dr Papa Kwesi Nduom"
862:"Parliamentary Results Komenda/Edina Eguafo/Abirem (Central Region)"
833:"Elections 2004 - Ghana's Parliamentary and Presidential Elections"
16:
Ghanaian politician, business consultant and Member of Parliament
1018:"The Central Bank revoked the license of GN Bank legally- Court"
996:"GN Bank case…BoG Runs to Appeal Court Again – Today News Ghana"
628:"Dr. Paa Kwesi Nduom Owns 65 Businesses - Here Are All Of Them"
245:
690:"Republic of Ghana - Legislative Election of 7 December 2000"
221:
343:. However, he lost to the incumbent MP, Ato Quarshie of the
359:. He also served during this period as the Chairman of the
292:(Service Delivery Systems) in 1982 at the same university.
289:
1219:
Minister for Economic Planning & Regional Cooperation
526:"Who is Joseph Hubster Yorke Junior? Dr. Papa Kwesi Nduom"
1179:
308:
He served as a board member for Fan Milk Ghana Limited,
224:
business consultant, politician, and founder of Ghana's
201:
1197:
Pictures of Central Region MPs on GhanaDistricts.com
434:
Best Ghanaian Business Personality in the year 2015.
232:
constituency and served as minister of state in the
1392:
Kufuor restructures ministerial team - Ghanaweb.com
1352:Progressive People's Party Presidential Candidate
803:"Minister for Energy - APRIL 2003 - JANUARY 2005"
523:
1422:
1328:Convention People's Party Presidential Candidate
718:
981:"BoG justifies revocation of GN Bank's license"
939:"BoG justifies revocation of GN Bank's license"
312:and the Ghana Heritage and Conservation Trust.
272:("O" level and "A" levels).He proceeded to the
1461:Progressive People's Party (Ghana) politicians
413:, a management specialist and graduate of the
284:in 1975. He subsequently went on to pursue a
964:"Revocation-of-Licenses-of-SDIs-16.8.19.pdf"
389:its key prudential regulatory requirements.
1476:St. Augustine's College (Cape Coast) alumni
1385:Government names new Cabinet - Ghanaweb.com
355:although he was not a member of the ruling
239:
489:
487:
485:
468:Citinewsroom - Comprehensive News in Ghana
428:
37:
1148:"Nduom & Groupe Nduom Win TOP AWARDS"
1466:University of Wisconsin–Milwaukee alumni
1298:Komenda-Edina-Eguafo-Abirem constituency
1097:. Nduom official website. Archived from
1071:. Nduom official website. Archived from
753:. Nduom official website. Archived from
553:. Nduom official website. Archived from
361:National Development Planning Commission
1121:"Nduom wins Business Personality award"
482:
1423:
887:"Kufuor restructures ministerial team"
664:"Dr. Nduom in Government: 2001 - 2007"
1399:Nduom quits government - Ghanaweb.com
917:Press Review of Tuesday, 10 July 2007
891:General News of Friday, 28 April 2006
781:General News of Tuesday, 1 April 2003
524:Coverghana.com.gh (16 October 2022).
175:Nana Kweku, Edjah, Chief and Nana Aba
69:January 2005 – January 2009
43:Papa Kwesi Nduom on a campaign trail
1015:
13:
1491:People from Central Region (Ghana)
1413:Nduom wins CPP race - Ghanaweb.com
1269:Minister for Public Sector Reform
1145:
193:Business consultant and politician
14:
1502:
1471:Candidates for President of Ghana
1168:
719:Frank Agyei Twum (11 July 2007).
341:Convention's People's Party (CPP)
282:University of Wisconsin–Milwaukee
993:
262:General Certificate of Education
220:, (born February 15, 1953) is a
1378:Nduom is out - Statesman Online
1139:
1113:
1087:
1061:
1035:
1009:
987:
973:
956:
931:
905:
879:
866:Results Parliamentary Elections
854:
825:
795:
769:
743:
727:. The Statesman. Archived from
712:
682:
365:Ghanaian parliamentary election
1152:Peacefmonline.com - Ghana news
777:"Government names new Cabinet"
656:
645:
620:
594:
569:
543:
517:
456:
353:Minister for Economic Planning
1:
1456:Government ministers of Ghana
694:Adam Carr's Election Archives
450:
260:, where he obtained both the
577:"Paa Kwesi Nduom, Biography"
345:National Democratic Congress
244:Paa Kwesi Nduom was born in
7:
438:
321:
288:in Management (1977) and a
230:Komenda-Edina-Eguafo-Abirem
57:Komenda-Edina-Eguafo-Abirem
10:
1507:
1185:Profile on Ghana Home Page
379:
280:(Economics) degree at the
226:Progressive People's Party
139:Progressive People's Party
1451:Energy ministers of Ghana
1374:
1365:
1358:
1349:
1344:
1338:Michael Abu Sakara Foster
1334:
1325:
1317:
1312:
1304:
1295:
1289:
1282:
1274:
1267:
1259:
1249:
1242:
1234:
1224:
1217:
1209:
1204:
1175:Official Campaign Website
404:
310:Edinaman Secondary School
295:
207:
197:
189:
179:
171:
160:
151:Convention People's Party
144:
134:
110:
105:
101:
93:
83:
73:
62:
52:
48:
36:
23:
1436:Ghanaian Roman Catholics
1313:Party political offices
913:"Nduom quits government"
415:University of Cape Coast
240:Early life and education
115:Joseph Hubster Yorke Jr.
1486:Ghanaian businesspeople
1016:GNA (24 January 2024).
429:Awards and recognitions
419:University of Wisconsin
254:St. Augustine's College
185:University of Wisconsin
1441:Ghanaian MPs 2005–2009
807:Nduom official website
1190:19 March 2012 at the
994:Says, Old Detective.
551:"Professional Career"
202:http://www.nduom.com/
1368:Notes and references
1244:Minister for Energy
700:on 14 September 2007
409:Nduom is married to
276:where he obtained a
53:Member of Parliament
1307:Joseph Samuel Annan
1284:Parliament of Ghana
1263:Joseph Henry Mensah
1101:on 12 February 2008
1075:on 12 February 2008
1069:"Mrs. Yvonne Nduom"
813:on 12 February 2008
757:on 12 February 2008
670:on 11 February 2008
557:on 11 February 2008
357:New Patriotic Party
303:Deloitte and Touche
89:Joseph Samuel Annan
1277:Samuel Owusu-Agyei
1228:Kofi Konadu Apraku
1205:Political offices
1146:Online, Peace FM.
606:Citi Business News
1419:
1418:
1415:
1408:
1401:
1394:
1387:
1380:
1370:
1335:Succeeded by
1305:Succeeded by
1275:Succeeded by
1250:Succeeded by
1238:Albert Kan Dapaah
1225:Succeeded by
1049:. 25 January 2024
1022:Ghana News Agency
919:. Ghana Home Page
893:. Ghana Home Page
783:. Ghana Home Page
632:Peacefmonline.com
445:Kufuor government
372:Bid for President
335:National Politics
327:District Assembly
234:Kufuor government
211:
210:
1498:
1410:
1403:
1396:
1389:
1382:
1375:
1366:
1318:Preceded by
1290:Preceded by
1260:Preceded by
1235:Preceded by
1210:Preceded by
1202:
1201:
1163:
1162:
1160:
1158:
1143:
1137:
1136:
1134:
1132:
1127:. 29 August 2016
1117:
1111:
1110:
1108:
1106:
1091:
1085:
1084:
1082:
1080:
1065:
1059:
1058:
1056:
1054:
1039:
1033:
1032:
1030:
1028:
1013:
1007:
1006:
1004:
1002:
991:
985:
984:
977:
971:
970:
968:
960:
954:
953:
951:
949:
935:
929:
928:
926:
924:
909:
903:
902:
900:
898:
883:
877:
876:
874:
872:
858:
852:
851:
849:
847:
837:
829:
823:
822:
820:
818:
809:. Archived from
799:
793:
792:
790:
788:
773:
767:
766:
764:
762:
747:
741:
740:
738:
736:
716:
710:
709:
707:
705:
696:. Archived from
686:
680:
679:
677:
675:
666:. Archived from
660:
654:
649:
643:
642:
640:
638:
624:
618:
617:
615:
613:
598:
592:
591:
589:
587:
573:
567:
566:
564:
562:
547:
541:
540:
538:
536:
521:
515:
514:
512:
510:
505:on 19 March 2012
501:. Archived from
499:Famous Ghanaians
491:
480:
479:
477:
475:
460:
301:1981, he joined
278:Bachelor of Arts
218:Papa Kwesi Nduom
156:
155:(until Jan 2012)
128:
125:15 February 1953
124:
122:
106:Personal details
86:
76:
67:
41:
21:
20:
1506:
1505:
1501:
1500:
1499:
1497:
1496:
1495:
1421:
1420:
1409:
1402:
1395:
1388:
1381:
1355:
1340:
1331:
1323:
1308:
1301:
1293:
1278:
1271:
1265:
1255:
1246:
1240:
1230:
1221:
1215:
1192:Wayback Machine
1171:
1166:
1156:
1154:
1144:
1140:
1130:
1128:
1119:
1118:
1114:
1104:
1102:
1093:
1092:
1088:
1078:
1076:
1067:
1066:
1062:
1052:
1050:
1041:
1040:
1036:
1026:
1024:
1014:
1010:
1000:
998:
992:
988:
979:
978:
974:
966:
962:
961:
957:
947:
945:
937:
936:
932:
922:
920:
911:
910:
906:
896:
894:
885:
884:
880:
870:
868:
860:
859:
855:
845:
843:
835:
831:
830:
826:
816:
814:
801:
800:
796:
786:
784:
775:
774:
770:
760:
758:
749:
748:
744:
734:
732:
731:on 17 July 2011
717:
713:
703:
701:
688:
687:
683:
673:
671:
662:
661:
657:
650:
646:
636:
634:
626:
625:
621:
611:
609:
600:
599:
595:
585:
583:
575:
574:
570:
560:
558:
549:
548:
544:
534:
532:
522:
518:
508:
506:
493:
492:
483:
473:
471:
462:
461:
457:
453:
441:
431:
407:
382:
324:
298:
286:Master's degree
270:Advanced Levels
242:
214:Paa Kwesi Nduom
154:
153:
146:
145:Other political
135:Political party
129:
126:
120:
118:
117:
116:
84:
74:
68:
63:
54:
44:
32:
29:
28:Paa Kwesi Nduom
26:
17:
12:
11:
5:
1504:
1494:
1493:
1488:
1483:
1478:
1473:
1468:
1463:
1458:
1453:
1448:
1443:
1438:
1433:
1417:
1416:
1372:
1371:
1363:
1362:
1357:
1348:
1342:
1341:
1336:
1333:
1324:
1321:George Aggudey
1319:
1315:
1314:
1310:
1309:
1306:
1303:
1294:
1291:
1287:
1286:
1280:
1279:
1276:
1273:
1266:
1261:
1257:
1256:
1251:
1248:
1241:
1236:
1232:
1231:
1226:
1223:
1216:
1211:
1207:
1206:
1200:
1199:
1194:
1182:
1177:
1170:
1169:External links
1167:
1165:
1164:
1138:
1112:
1095:"The Children"
1086:
1060:
1034:
1008:
986:
972:
955:
930:
904:
878:
853:
824:
794:
768:
742:
721:"Nduom is out"
711:
681:
655:
644:
619:
593:
568:
542:
516:
481:
454:
452:
449:
448:
447:
440:
437:
436:
435:
430:
427:
406:
403:
381:
378:
374:
373:
337:
336:
329:
328:
323:
320:
297:
294:
250:Central Region
241:
238:
209:
208:
205:
204:
199:
195:
194:
191:
187:
186:
183:
177:
176:
173:
169:
168:
162:
158:
157:
148:
142:
141:
136:
132:
131:
114:
112:
108:
107:
103:
102:
99:
98:
95:
91:
90:
87:
81:
80:
77:
71:
70:
60:
59:
50:
49:
46:
45:
42:
34:
33:
30:
27:
24:
15:
9:
6:
4:
3:
2:
1503:
1492:
1489:
1487:
1484:
1482:
1479:
1477:
1474:
1472:
1469:
1467:
1464:
1462:
1459:
1457:
1454:
1452:
1449:
1447:
1446:Living people
1444:
1442:
1439:
1437:
1434:
1432:
1429:
1428:
1426:
1414:
1407:
1400:
1393:
1386:
1379:
1373:
1369:
1364:
1361:
1354:
1353:
1347:
1343:
1339:
1330:
1329:
1322:
1316:
1311:
1300:
1299:
1288:
1285:
1281:
1270:
1264:
1258:
1254:
1245:
1239:
1233:
1229:
1220:
1214:
1213:Kwamena Ahwoi
1208:
1203:
1198:
1195:
1193:
1189:
1186:
1183:
1181:
1180:Nduom website
1178:
1176:
1173:
1172:
1153:
1149:
1142:
1126:
1122:
1116:
1100:
1096:
1090:
1074:
1070:
1064:
1048:
1044:
1038:
1023:
1019:
1012:
997:
990:
982:
976:
965:
959:
944:
943:BusinessGhana
940:
934:
918:
914:
908:
892:
888:
882:
867:
863:
857:
841:
834:
828:
812:
808:
804:
798:
782:
778:
772:
756:
752:
746:
730:
726:
722:
715:
699:
695:
691:
685:
669:
665:
659:
653:
648:
633:
629:
623:
608:. 22 May 2020
607:
603:
597:
582:
578:
572:
556:
552:
546:
531:
527:
520:
504:
500:
496:
490:
488:
486:
470:. 22 May 2021
469:
465:
459:
455:
446:
443:
442:
433:
432:
426:
424:
423:United States
420:
416:
412:
402:
398:
394:
390:
386:
377:
371:
370:
369:
366:
362:
358:
354:
350:
346:
342:
334:
333:
332:
326:
325:
319:
316:
313:
311:
306:
304:
293:
291:
287:
283:
279:
275:
274:United States
271:
267:
263:
259:
255:
251:
247:
237:
235:
231:
227:
223:
219:
215:
206:
203:
200:
196:
192:
188:
184:
182:
178:
174:
170:
167:
163:
159:
152:
149:
143:
140:
137:
133:
130:Elmina, Ghana
127:(age 71)
113:
109:
104:
100:
96:
92:
88:
82:
78:
72:
66:
61:
58:
51:
47:
40:
35:
22:
19:
1481:Fante people
1367:
1359:
1350:
1345:
1326:
1302:2005 – 2009
1296:
1292:Ato Quarshie
1272:2005 – 2007
1268:
1247:2003 – 2005
1243:
1222:2001 – 2003
1218:
1155:. Retrieved
1151:
1141:
1129:. Retrieved
1124:
1115:
1103:. Retrieved
1099:the original
1089:
1077:. Retrieved
1073:the original
1063:
1051:. Retrieved
1046:
1037:
1025:. Retrieved
1021:
1011:
999:. Retrieved
989:
975:
958:
946:. Retrieved
942:
933:
921:. Retrieved
916:
907:
895:. Retrieved
890:
881:
869:. Retrieved
865:
856:
844:. Retrieved
839:
827:
815:. Retrieved
811:the original
806:
797:
785:. Retrieved
780:
771:
759:. Retrieved
755:the original
745:
733:. Retrieved
729:the original
725:News Comment
724:
714:
702:. Retrieved
698:the original
693:
684:
672:. Retrieved
668:the original
658:
647:
635:. Retrieved
631:
622:
610:. Retrieved
605:
596:
584:. Retrieved
580:
571:
559:. Retrieved
555:the original
545:
533:. Retrieved
529:
519:
507:. Retrieved
503:the original
498:
472:. Retrieved
467:
458:
411:Yvonne Nduom
408:
399:
395:
391:
387:
383:
375:
338:
330:
317:
314:
307:
299:
243:
217:
213:
212:
166:Yvonne Nduom
147:affiliations
85:Succeeded by
79:Ato Quarshie
64:
18:
1431:1953 births
1253:Mike Oquaye
1053:2 September
1027:2 September
1001:2 September
948:2 September
349:John Kufuor
75:Preceded by
1425:Categories
586:18 January
535:28 October
530:Coverghana
451:References
258:Cape Coast
190:Profession
181:Alma mater
121:1953-02-15
1360:Incumbent
1346:New title
65:In office
1188:Archived
1125:GhanaWeb
1047:Starr Fm
581:GhanaWeb
439:See also
417:and the
322:Politics
266:Ordinary
222:Ghanaian
172:Children
94:Majority
1157:9 April
1131:9 April
1105:6 March
1079:6 March
923:6 March
897:6 March
871:6 March
846:6 March
817:6 March
787:6 March
761:6 March
735:6 March
704:6 March
674:4 March
637:9 April
561:8 March
509:4 March
421:in the
380:GN Bank
351:as the
248:in the
198:Website
612:23 May
474:22 May
405:Family
296:Career
264:(GCE)
246:Elmina
161:Spouse
97:15,554
1356:2012
1332:2008
967:(PDF)
836:(PDF)
164:Mrs.
1159:2024
1133:2024
1107:2008
1081:2008
1055:2024
1029:2024
1003:2024
950:2024
925:2008
899:2008
873:2008
848:2008
819:2008
789:2008
763:2008
737:2008
706:2008
676:2008
639:2024
614:2020
588:2021
563:2008
537:2022
511:2008
476:2021
290:Ph.D
268:and
111:Born
55:for
25:Hon.
1411:6.
1404:5.
1397:4.
1390:3.
1383:2.
1376:1.
256:in
216:or
1427::
1150:.
1123:.
1045:.
1020:.
941:.
915:.
889:.
864:.
838:.
805:.
779:.
723:.
692:.
630:.
604:.
579:.
528:.
497:.
484:^
466:.
376:₵
236:.
123:)
31:MP
1161:.
1135:.
1109:.
1083:.
1057:.
1031:.
1005:.
983:.
969:.
952:.
927:.
901:.
875:.
850:.
821:.
791:.
765:.
739:.
708:.
678:.
641:.
616:.
590:.
565:.
539:.
513:.
478:.
119:(
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
.jpg)