Supreme Court Suspends Court Order to Restore GN Savings Licence
Published . Category: Business.
The Supreme Court has suspended the enforcement of a Court of Appeal ruling that directed the Bank of Ghana (BoG) to restore the operating licence of GN Saving…
The Supreme Court has suspended the enforcement of a Court of Appeal ruling that directed the Bank of Ghana (BoG) to restore the operating licence of GN Savings and Loans Limited. The decision follows an appeal by the central bank against the Court of Appeal’s judgment, which ordered the reinstatement of the company’s licence after it was revoked during Ghana’s financial sector clean-up exercise. By granting the stay of execution, the Supreme Court has maintained the current status quo, meaning…