Residents of Elmina threaten the government with the wrath of their gods because Nduom’s companies have collapsed.
The government has been given a strict one-week deadline by some Elmina locals in the Komenda Edina Eguafo Abirem (KEEA) Municipality of the Central Region to reopen Dr. Papa Kwesi Nduom’s shuttered enterprises or risk the wrath of their gods.
In a nonviolent demonstration, the irate locals marched along a few of Elmina’s main thoroughfares to voice their displeasure with what they perceived as a purposeful effort by the government to obliterate the legacy of their “industrious son.” The demonstrators showed their dedication to pursuing justice for Dr. Nduom by carrying placards, lighting lamps as a sign of their determination, and chanting catchphrases.
Speaking to the media, the group’s leader, John Quansah, who is referred to in the community as Manoma, underlined the seriousness of their acts from a spiritual standpoint.
“The government has one week to restore Dr. Papa Kwesi Nduom’s businesses or else our gods will be furious.” He emphasised their confidence in divine intervention to address the crisis, saying, “Today is Tuesday, and anytime we engage our gods on such days, they respond swiftly.”
The organisation also claimed that former Finance Minister Ken Ofori-Atta was responsible for GN Savings and Loans’ demise and that the matter could have been settled without GN Bank’s licence being revoked.
“We are aware that Ken Ofori-Atta was the brains behind the demise of GN Savings and Loans. The licence does not need to be revoked because of this problem. If there had been goodwill, the matter might have been settled. Mr. Quansah added, “Instead, they decided to ruin the companies of a man who dedicated his life to this nation.”
One of the protest leaders, Maame Afua, blamed the current administration’s political witch-hunting for Dr. Nduom’s enterprises failing. She compared Dr. Nduom’s treatment under the ruling New Patriotic Party (NPP) to his connection with past administrations.
“Dr. Nduom has devotedly served this nation through his political involvement and economic ventures. Earlier administrations acknowledged his efforts and collaborated with him, irrespective of their political background. However, all he has created has been destroyed by the present NPP government. “This is nothing more than a witch hunt in politics,” she declared.
Men, women, children, and the elderly all joined together to support their cause during the march.
According to a number of young people, Groupe Nduom’s business closures signify more than just job losses.
“When no one else offered us opportunities, Dr. Nduom did. We cannot watch as Dr. Nduom’s creations are destroyed by the government. He continued, “This is our battle, and we won’t give up until our father and mentor regain what has been taken from them.”
Context
Ghana’s financial sector had a major restructuring from 2017 to 2019 with the goal of resolving systemic concerns like as insolvency, regulatory violations, and inadequate corporate governance.
Several banks, savings and loan organisations, and microfinance firms were closed or consolidated as a result of this process, which was led by the Bank of Ghana (BoG).
Some industry participants contended that the cleanup could have been completed correctly without resulting in the enormous losses that happened, despite the government’s claim that it was required to safeguard the financial system.
