Ghana Growth Fund Company Limited, a subsidiary of Groupe Nduom has gone wild on the Akufo-Addo led government.
The company dragged government to court over debts owed it.
The first three batches of a series of suits, filed by the company at the Commercial Division of the High Court on Tuesday, 9 July 2019, stated that the government's indebtedness has made it difficult for the company to pay its investors.
The company is praying the court to help it recover GH19.7 million plus accruing interest from the government.
Other pending suits are also expected in the coming days aimed to help the firm recover in excess of GHS2.2 billion owed it by the government.
About Ghana Growth Fund Company Limited
The Ghana Growth Fund Company Limited is a private equity and venture capital firm that specialises in investments in all stages of a company’s life-cycle (startups, recapitalisation, leveraged buyouts, management-led buyouts, buy-ins, expansion and development capital, mature stage, strategic minority equity investments, equity private placements, consolidations and buildups, buy and builds, and growth capital financing).
The firm also invests in property-level equity, debt and special situation transactions and businesses. It typically invests in small- and medium-sized enterprises in infrastructural development, non-bank financial institutions, information technology, manufacturing, among others.
The company is a subsidiary of Groupe Nduom, which owns a variety of other companies including GN Bank, First National Togo, First National Cote d’Ivoire, GN Reinsurance, GN Life Assurance, Gold Coast Fund Management, Gold Coast Brokerage, PenTrust and Liberian Enterprise Development Finance Company.