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GN Savings to pay salary arrears of govt employees, Zoomlion workers, pensioners - CEO

BY: Graphic.com.gh
Issah Adam, Chief Executive Officer, GN Savings and Loans
Issah Adam, Chief Executive Officer, GN Savings and Loans

The Chief Executive Officer (CEO) of GN Savings and Loans, Issah Adam, has said his outfit has made adequate provision to be paying salary arrears due to government employees, Zoomlion workers, pensioners and others starting Monday, March 4, 2019.

According to him, this is an important step for GN Savings and Loans after it was re-classified as a savings and loans company by the Bank of Ghana (BoG) two months ago.

Mr Adam in a statement assured customers of the company that GN Savings and Loans "is safe, sound and working to restore the conveniences enjoyed all these years".

He observed that the local/regional banking concepts of GN Savings and Loans assure those bringing new deposits of unrestricted access to their funds and this has strengthened some of their branches making them relatively liquid.

“It is bringing back customer confidence step by step; one person at a time. It is a fact that GN Savings is the only licenced financial institution in many towns across Ghana” he noted.

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Mr Adam indicated they are ready to serve their client with safety and convenience and further invited non-customers to come and witness the unique services GN Savings is delivering to its clients.

Below is a copy of the statement

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STATEMENT MADE BY MR. ISSAH ADAM, CEO - GN SAVINGS, TO ITS CUSTOMERS AND THE GENERAL PUBLIC - 1 MARCH, 2019

It has been almost two months since GN Bank was reclassified by the Bank of Ghana to become GN Savings. From First National to GN Bank and now GN Savings, our DNA remains the same, working to become the People’s Bank.

As the Chief Executive Officer, I wish to assure our numerous and cherished customers that our licensed savings and loans company is safe, sound and working to restore the conveniences you have enjoyed all these years.

My purpose is to make it very clear that GN Savings has an important role to play in the forward march of the country. And we are prepared for this.

We are pleased to inform the general public that we have made the necessary arrangements to ensure that all salary arrears due to government workers, Zoomlion workers, pensioners and others are settled next week beginning on Monday 4th March. This is an important step forward for us.

We are encouraged by the fact that our push to get new deposits through what we call the “Local/Regional Bank” has since November 2018 chalked some successes. LRB assures those who bring new deposits, of unrestricted access to their funds.

This has resulted in strengthening some of our branches, making them relatively liquid. It is bringing back customer confidence step by step, one person at a time. We highly recommend to everyone to come and give this a trial.

It is a fact that GN Savings is the only licensed financial institution in many towns across Ghana. We are ready to serve everyone with safety and convenience.

We want to thank our customers for their loyalty and our employees for their dedication to duty. Our doors are open. The convenience of our locations are waiting for you to take full advantage of.

Our continued existence will ensure that the per cent of the population that is unbanked will reduce further. We will continue to be a financial institution with a difference - go where others are not willing to go, and bring banking to people currently excluded from the formal banking sector throughout the country.

Thank you.
God bless GN Savings; God bless our nation Ghana.