Dr. Papa Kwesi Nduom, the head of GN Savings and Loans, has responded to the decision of the Human Rights Court in Accra, which dismissed his application, along with that of GN Savings and Loans, regarding alleged human rights violations by the Bank of Ghana (BoG) in revoking the entity’s license.
The court justified its ruling by stating that the central bank was acting within its lawful mandate in the interest of shareholders and the public, thus absolving it of any wrongdoing.
Although the court acknowledged the applicants’ legal standing and the proper invocation of its jurisdiction, it proceeded to address the substantive issues of discrimination, unreasonableness, unfairness, and violation of the applicants’ administrative rights.
Expressing his dissatisfaction on his Facebook page, Dr. Nduom criticized the legal process for further delaying justice. He questioned the court’s ruling, particularly in a scenario where a bank is declared insolvent while the government, which controls the bank’s regulator, neglects to settle the money it owes the bank and related companies.
Dr. Nduom emphasized the discrepancy in the court’s decision, highlighting the government’s failure to fulfill its financial obligations to the bank and associated entities amidst the determination of insolvency.
By Femi .October 4, 2024 Hon. Alan John Kwadwo Kyerematen, the leader and presidential candidate…
Major Wars in Africa and Beyond: A Chronological Journey War and conflict have shaped the…
capture levic muzik Levic Muzik: Following in His Father’s Footsteps Appietus' son, Nkunim Appiah Dankwah,…
Maiduguri, the capital of Borno State in northeastern Nigeria, is facing its worst flooding crisis…
The Ghanaian government has announced a 45% increase in the producer price of cocoa for…
Lenovo has announced two new laptops, the ThinkPad X1 Carbon Gen 13 and Yoga Slim…
This website uses cookies.