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General News of Tuesday, July 9, 2019
Source: adomonline.com
2019-07-09
Dr. Papa Kwesi Nduom is President of the Nduom Group
A subsidiary of the Nduom Group, Ghana Growth Fund Company Limited, sued the Government of Ghana over its debts.
The company, in a lawsuit filed in front of the Commercial Division of the High Court in Accra on Tuesday, July 9, 2019, said the debt contracted by the government left him in a situation where she is unable to pay investors.
The company therefore requests the court, inter alia, to help it recover the sum of "4,416,719.37 GHC, which is the total nominal value of the outstanding but unpaid interim payment certificates due to the fourth defendant. [Agyakot Company Limited] in road contracts ".
As part of the relief measures sought by Ghana Growth Fund Company Limited, the dispute also claims "interest on the sum of 4 416 719.37 GHC".
What does the Ghana Growth Fund Company Limited do?
Ghana Growth Fund Company Limited is a private equity and venture capital firm specializing in investments at all stages of a company's life cycle, including start-ups, recapitalizations, leveraged buyouts, buyouts led by management, buybacks, expansion and development capital, maturity stage, strategic investments in minority shares, private equity investments, mergers and acquisitions, acquisitions and acquisitions and financing of growth capital.
The company also invests in equities and transactions involving equity, debt and special situations. It generally invests in small and medium-sized enterprises in infrastructure development, non-bank financial institutions, information technology, manufacturing, and so on.
The company is a subsidiary of the Nduom Group which manages various other companies including GN Bank, First National Togo, First National Ivory Coast, GN Reinsurance, GN Life Assurance, Gold Coast Fund Management, Gold Coast Brokerage, PenTrust and Liberian Enterprise. Development Finance Corporation.
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