Chief Executive of Groupe Nduom, Dr Papa Kwesi Nduom, has left social media users in tears with his latest post on his grace to grass story.
The Bank of Ghana on August 16, 2019, revoked the licences of some 23 insolvent savings and loans and finance house companies including GN Savings and Loans Ltd which he owned.
BoG further explained its Capital Adequacy Ratio (CAR) was -61% in breach of the minimum requirement of 13%.
But to Dr Nduom, a dream to develop a safe and sound regulated financial institution present everywhere in Ghana was deferred with thousands of young men and women now at home.
“Hundreds of millions of assets have been lost, abandoned, destroyed or rotting away: 300 branches remain locked up. The unbanked remains unbanked,” he wrote in a Facebook post.
His post has sparked mixed reactions amid prayers for God to restore everything he has lost in the course of the financial sector clean-up.