{"id":21110,"date":"2022-06-02T19:19:15","date_gmt":"2022-06-02T19:19:15","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/ghana-arbitration-centre-to-hear-case-between-bank-of-ghana-and-dr-ndoum"},"modified":"2022-06-02T19:32:56","modified_gmt":"2022-06-02T19:32:56","slug":"ghana-arbitration-centre-to-hear-case-between-bank-of-ghana-and-dr-ndoum","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-arbitration-centre-to-hear-case-between-bank-of-ghana-and-dr-ndoum","title":{"rendered":"Ghana Arbitration Centre to hear case between Bank of Ghana and Dr Ndoum"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>The Court of Appeal has, by a unanimous decision, upheld the Bank of Ghana\u2019s application that the challenge by Dr Papa Kwesi Nduom and others against the central bank\u2019s revocation of the license of GN Bank be referred to arbitration.<\/p>\n

Dr Papa Kwesi Nduom and others sued the Central Bank against the revocation of the licence of GN Bank. The three-member panel led by Justice Henry Coffie and comprising Justice Eric Baah and Justice Novisi Ayine held that per section 141 of Act 930, the forum for such a challenge was arbitration and not the court.<\/p>\n

The Court held further that Dr Nduom and the other applicants had masqueraded their challenge to the decision of the Bank as a human rights application.<\/p>\n

The Court, therefore, stayed the proceedings at the High Court and referred the matter to the Ghana Arbitration Centre. Dr Nduom, Chairman for GN sued the BoG and the others to demand the restoration of the license of the GN Savings and Loans.<\/p>\n

The suit also affected Mr Ofori-Atta, Finance Minister, the Attorney General, AG, and Mr Eric Nana Nipa, the receiver of the GN Savings and Loans. In his claim, Dr Nduom has stated that GN Savings was not only solvent but would be liquid if the Finance Ministry and other government agencies paid the amounts owed to it.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. The Court of Appeal has, by a unanimous decision, upheld the Bank of Ghana\u2019s application that the challenge by Dr Papa Kwesi Nduom and others against the central bank\u2019s revocation of the license of GN Bank be referred to arbitration. Dr Papa Kwesi Nduom and others sued the Central Bank against the […]<\/p>\n","protected":false},"author":84,"featured_media":21109,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,8],"tags":[5092,5096,8801,429],"class_list":["post-21110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-homepage-english","tag-africa-press","tag-africa-press-ghana","tag-arbitration","tag-ghana"],"yoast_head":"\nGhana Arbitration Centre to hear case between Bank of Ghana and Dr Ndoum - Ghana<\/title>\n<meta name=\"description\" content=\"The Court of Appeal has, by a unanimous decision, upheld the Bank of Ghana\u2019s application that the challenge by Dr Papa K ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-arbitration-centre-to-hear-case-between-bank-of-ghana-and-dr-ndoum\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana Arbitration Centre to hear case between Bank of Ghana and Dr Ndoum\" \/>\n<meta property=\"og:description\" content=\"The Court of Appeal has, by a unanimous decision, upheld the Bank of Ghana\u2019s application that the challenge by Dr Papa K ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-arbitration-centre-to-hear-case-between-bank-of-ghana-and-dr-ndoum\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-02T19:19:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-02T19:32:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2022\/06\/img-6299105161376.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-arbitration-centre-to-hear-case-between-bank-of-ghana-and-dr-ndoum#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-arbitration-centre-to-hear-case-between-bank-of-ghana-and-dr-ndoum\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Ghana Arbitration Centre to hear case between Bank of Ghana and Dr Ndoum\",\"datePublished\":\"2022-06-02T19:19:15+00:00\",\"dateModified\":\"2022-06-02T19:32:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-arbitration-centre-to-hear-case-between-bank-of-ghana-and-dr-ndoum\"},\"wordCount\":247,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-arbitration-centre-to-hear-case-between-bank-of-ghana-and-dr-ndoum#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2022\/06\/img-6299105161376.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"arbitration\",\"ghana\"],\"articleSection\":[\"all news\",\"community\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-arbitration-centre-to-hear-case-between-bank-of-ghana-and-dr-ndoum#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-arbitration-centre-to-hear-case-between-bank-of-ghana-and-dr-ndoum\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-arbitration-centre-to-hear-case-between-bank-of-ghana-and-dr-ndoum\",\"name\":\"Ghana Arbitration Centre to hear case between Bank of Ghana and Dr Ndoum - 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