Tag: Consolidated Bank Ghana
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uniBank’s owners file injunction against sale of assets
The shareholders of uniBank have filed for an injunction against the auctioning of some assets of the bank by the Receiver, Nii Amanor Dodoo. This is after the Accra High Court judge presiding over the case in which the Directors of uniBank are contesting the revocation of the bank’s license appointed an arbiter, ex-Supreme Court…
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Bank of Ghana could have handled the banking reforms better — Mahama
Former President John Dramani Mahama has stated that the current government could have handled the banking sector crisis in a much better way. He believes setting a minimum capital for all banks to meet was not the best solution especially as all banks play various roles in the economy. A total of nine banks lost…
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Receiver for Consolidated Bank gives debtors June 14 deadline to settle liabilities
The Receiver for the five banks merged into the Consolidated Bank, Nii Amanor Dodoo has given individuals and businesses who are defaulting in loans to the affected banks to redeem their liabilities or risk publication of their names in the national dailies. The caution was given in a statement published in the Daily Graphic reminding…
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CBG opens two new branches in Ashanti region
The Consolidated Bank Ghana Limited (CBG) has opened two branches in Kumasi, the Ashanti regional capital. The two branches, located at Asafo and Alabar, bring to 22 the number of branches in the region and forms part of the Bank’s strategic plans to make it widely accessible nationwide. Ahead of the opening, members of the…
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Labour unions, KPMG determine exit pay for Consolidated bank staff
The Ministry of Employment and Labour relations together with the Bank of Ghana, the receiver for the Consolidated bank as well as representatives of labour unions have met over the issues affecting the staff of the Consolidated bank. This is also to reduce any apprehension among the remaining staff. Present at the meeting were officials…
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Banking sector cleansing is for stronger local banks–Nana Addo
President Akufo Addo has stated that his vision for the banking sector is to have few but stronger local banks which can compete with their foreign counterparts. He has disputed claims suggesting that the administration is looking at creating avenues for foreign banks to thrive at the expense of local ones. Many arguments seeking the…