The Securities and Exchange Commission (SEC) has revoked the licence of Gold Coast Securities and 52 other Fund Management Companies. The action is in pursuant to Section 122(2) (b) of the Securities Industry Act, 2016 (Act 929). The revocation of the licences of the companies, according to a statement copied to Adomonline.com has become necessary to ensure […]
Thousands of customers whose millions of funds are locked up with Gold Coast Fund Management will this morning hits the streets of Accra and across the country to push for government intervention in retrieving their funds. The investment firm, which appears to be in liquidity crisis, has in the last year been struggling pay its […]
Chairman of Groupe Nduom, Dr. Papa Kwesi Nduom has fingered some officials of regulatory agencies and business competitors of plotting the downfall of himself and his companies. ‘’Interestingly enough, some competitors and officials who regulate our activities are sharing this. They know who they are. We have been in business long enough to know that […]
Nduom Patrick Kobina Anumel resign as directors of Gold Coast Brokerage Gold Coast Brokerage has announced the resignation of Dr. Papa Kwesi Nduom and Patrick Kobina Anumel from the board of the company. The company has also changed its name to Teak Tree Brokerage Limited. In a circular to investors on Monday, the following individuals […]
Some aggrieved customers of Gold Coast Fund Management (GCFM) have petitioned the Economic and Organised Crime Office (EOCO) to investigate the directors of the investment firm. Assuring to offer their full cooperation during the probe, the customers claim their investments have been illegally transferred to Liberia and the US by Dr Papa Kwesi Nduom, the […]
A Facebook user has lampooned Chairman of Groupe Nduom, Dr. Papa Kwesi Nduom, telling him to shut up over the collapse of GN Bank and stop disturbing Ghanaians about what role government played or did not play in the whole matter. Amondiwo Vincent-Murphy accused the Groupe Nduom founder of significantly contributing to the collapse of […]
Chairman of Groupe Nduom, Dr. Papa Kwesi Nduom is questioning why no indigenous Ghanaian Bank has been able to cross boundary and establish in other African Countries or the UK, Europe or Asia. He is also worried that government seems to enjoy closing down distressed Ghanaian businesses rather than helping them overcome their challenges. Dr. […]
GN Bank, now GN Savings and Loans Company says it has paid its dues to the Ghanaian people and the economy by dint of hard work, culminating in the achievement of 1.2 million customer and 20 percent of the Ghanaian banking retail outlets. The Bank which announced its migration from a fully-fledged universal Bank to […]
GN Bank says it has chosen to operate as a savings and loans company instead of a fully-fledged universal bank as it operated before. The move according to a statement issued by the Bank and signed by its head of corporate affairs, Frank Owusu-Ofori is to ensure that it is able to marshal the necessary […]
Chairman of Groupe Nduom, Dr. Papa Kwesi Nduom in a desperate move to salvage GN Bank has adopted a strategy aimed at directly interacting and engaging with traders most of whom are deemed customers of the bank, with a view to quelling the panic withdrawals that hit the bank recently. The Businessman cum politician was […]
Businessman Dr. Papa Kwesi Nduom has resigned as the Chairman of all Groupe Nduom Companies in Ghana.Dr. Nduom made the exclusive revelation on Accra-based Class FM on Monday, 29 October 2018. “From a week or so ago, I’m no longer the Chairman of Gold Coast Fund Management. As a matter of fact, I’m getting out […]
Some Ghanaians are wondering if the Chairman and president of Group Nduom, Dr. Papa Kwesi Nduom has relocated to the United States of America. This is because Dr. Nduom was seen sitting with his sons during a town hall meeting with President Nana Addo Dankwa Akufo-Addo in Washington DC a couple of days ago. Dr. […]
