The Supreme Court has temporarily blocked a Court of Appeal order that required the Bank of Ghana to restore the operating licence of GN Savings and Loans.
This stay of execution pauses the Appeal court’s decision until the apex court resolves the central bank’s formal appeal against the reinstatement.
The legal battle stems from the Bank of Ghana’s previous revocation of the firm’s licence during a broader financial sector cleanup.
By granting the freeze, the Supreme Court maintains the current status quo, ensuring that the central bank does not have to return the licence while the case is reviewed.
By: Rainbowradioonline.com/Ghana
