Founder of Groupe Nduom Companies, Dr. Papa Kwesi Nduom, is blaming the current economic hardship in the country on what he calls government’s deliberate and hasty, decision to close down banks and savings and loans companies from 2017 and 2019.
During a Facebook Live session earlier today, Dr Nduom stated that the Ken Ofori Atta – led Finance Ministry’s failure to honour payment certificates to government contractors and its efforts to “cleanse” the financial sector of entrepreneurs created significant challenges for local businesses, driving many to the brink of collapse and exacerbating economic instability .
“I have been speaking to people chiefs, bishops, all manner of individuals, even people in this administration,” Mr Nduom said.
“I have been asking them to help, writing petitions to the Akufo-Addo administration, saying let’s come together and find a solution, with the main intent being to ensure the safety and security of customers’ funds. But unfortunately, all my efforts have been in vain.”
Mr Nduom added that another reason for his plea to restore the bank was to “get our licences back and get the business going so that the jobs will be restored, and more importantly, to secure the investment funds of our customers.” However, he said, his efforts have not been successful, which is why he is now bringing his plight to the public.
