Recent reports circulating on social media suggest that President John Mahama has taken steps to restore the license of GN Bank, potentially allowing the financial institution to resume operations this year. The claims follow a petition reportedly submitted by Groupe Nduom (GN), seeking reinstatement of the bank’s operational license.
According to the circulating reports, John Mahama indicated that if the National Democratic Congress (NDC) were to return to power, the party would review the collapse of certain banks, including GN Bank, to determine whether the processes leading to their closure were fair and just. He suggested that banks found to have been treated unjustly could have their licenses reinstated, a statement interpreted by some as a signal of potential regulatory reconsideration.
Supporters of the NDC and GN Bank have shared these reports widely, fueling speculation that the bank may soon resume operations. However, analysts caution that no formal action has been taken by the Bank of Ghana or other regulatory authorities, and that the claims remain unverified.
GN Bank, which was one of several banks that collapsed during Ghana’s recent banking crisis, has been the subject of public debate, particularly regarding the treatment of shareholders, employees, and account holders. The petition by Groupe Nduom reportedly seeks to address grievances over the closure process, including alleged lapses in regulatory procedure.
Financial experts note that any attempt to reinstate a collapsed bank would require rigorous regulatory review, legal compliance, and verification of the bank’s solvency and operational capacity. They warn that social media claims, while attention-grabbing, do not constitute formal regulatory approval and should be treated with caution.
The situation highlights broader discussions about Ghana’s banking sector, accountability in financial regulation, and the role of political leadership in influencing economic policy. If such a review were undertaken by an NDC government, it could have significant implications for shareholders, customers, and the banking sector at large.
At present, official confirmation from the Bank of Ghana or other regulatory bodies is still pending, and GN Bank remains non-operational. Observers are closely monitoring developments, noting that any genuine reinstatement process would require transparency, adherence to regulatory standards, and assurance of financial stability to protect depositors and the public.
This episode underscores the impact of political statements on financial markets and public perception, especially when combined with social media speculation, and the need for clear communication from both political leaders and regulatory institutions.
Source
From Opera News
