GN Savings and Loans will reopen its first branch in the coastal town of Elmina as part of a phased nationwide return following a court ruling that overturned the revocation of the institution’s operating licence, the company’s founder said on Saturday.

Papa Kwesi Nduom, President of Groupe Nduom, announced the plan during the third congregation and fifth matriculation ceremony of the Nduom School of Business and Technology.

“The first branch we will reopen will be in Elmina, and then from here on, step by step, we will get those branches opened over a period of time, working with renewed confidence and renewed excellence so that we can be better than we were before,” Nduom said.

The announcement follows a judicial decision that set aside an earlier High Court ruling which had upheld the closure of the financial institution during Ghana’s banking and financial sector clean-up exercise.

The appellate court also ordered the return of seized corporate assets and directed the state-appointed receiver to hand over management and operational control of the institution back to its previous leadership.

GN Savings and Loans was among several financial institutions affected during Ghana’s banking sector reforms, which authorities said were aimed at strengthening the financial system and improving regulatory compliance.

Before its closure, the company had built one of the country’s largest branch networks with a focus on expanding financial services to rural communities, traders and small businesses.

Nduom said the reopening would be gradual and aimed at restoring confidence among customers and rebuilding a stronger institution after years of operational disruptions.

Financial analysts are expected to closely monitor the institution’s return and how regulators oversee its transition back into Ghana’s financial sector.