Dr. Papa Kwesi Ndoum’s GN bank has been dropped to Savings and Loans by Bank of Ghana.

The Bank of Ghana revoked the banking license of GN Bank after it finished what it describes as the banking resolution.

The new policy requires each commercial bank operating in the country to have a minimum capital of 400 Million Ghana Cedis which GN isn’t having.

This will come as a very big blow to the business man and will be of great lose on the side of their customers.