EXPLAINED: GN Savings and Loans license restored after a seven year legal battle: What happens next?

A three-member panel of the Court of Appeal has unanimously overturned the Bank of Ghana's 2019 revocation of GN Savings and Loans Company Limited's operating licence, ruling that the central bank's decision was unfair and unreasonable. The court has ordered the Receiver to return possession, management and control of the company to its shareholders.

By Isaac Agyei