The Bank of Ghana (BoG) has ruled out the restoration of the banking licence of GN Bank, which was downgraded to GN Savings and Loans Company Limited before its licence was revoked.
The Governor of the BoG, Dr Johnson Asiama, in an interview with the Daily Graphic, stated that the matter had been conclusively settled by the Supreme Court, leaving no room for further regulatory or legal reconsideration.
“There is a Supreme Court ruling on that matter.
The review also failed. So, nothing can be done. We are, however, open to consider application for a new licence from anyone who is not connected to the directors or the defunct GN Savings and Loans Company Ltd,” the Governor said.
SOURCE: DAILY GRAPHIC
Oh really?