GN Bank downgraded to savings and loans by bank of Ghana

Groupe Ndoum Bank has been downgraded from a bank to a savings and loans company, nsemwoha has learned.

The governor of Bank of Ghana, Dr. Addisson said the bank was unable to meet the minimum capital requirement and will now operate as savings and loans company.

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In other new, the central bank has revoked the license of Heritage bank, claiming the source of its capital cannot be authenticated.

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Nsemwoha.