GCB Bank LTD Takes Over UT Bank and Capital Bank

Must Read

New Register Brouhaha- Yenpini demonstration underway

The biggest opposition party, the NDC is leading a coalition of like-minded opposition political parties to demonstrate through the...

Kumasi airport to be upgraded as Ghana signs 40 m euro deal with UK

British Prime Minister Boris Johnson and Ghana's President Akufo-Addo are expected to sign a £40m agreement this week which will...

Don’t blame Gov’t for no TEWU rep on KNUST governing council – Education Ministry

The Ministry of Education have debunked claims that it is obstructing the swearing-in of a representative of the Kwame...

A press statement released today by The Communication Department of Bank of Ghana indicated that, Bank of Ghana has approved a Purchase and Assumption transaction with GCB Bank Ltd that transfers all deposits and selected assets of UT Bank Ltd and Capital Bank Ltd to GCB Bank Ltd. This is as a result of the initiative of the Bank of Ghana to strengthen Ghana’s banking sector, ensure financial stability and protect depositors’ funds.

On the other hand, the Press Statement assured customers, stakeholders of these banks and the general public not to panic and that the main offices of both banks will be opened at 1pm today but operations will be under the control of GCB bank.

READ ALSO  Ethiopia is eight years behind the world, but they are doing just fine — A piece about my trip to Ethiopia

It also assured that all deposit customers of both banks will continue to have access to their funds and also all ATMs of thes banks will be operational.

Staffs of UT Bank and Capital Bank are now interim staff of GCB while the bank negotiate the terms of their contract. Bank of Ghana assures the general public that all customers can continue normal banking business at all UT Bank and Capital Bank facilities which are now branches of GCB.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

New Register Brouhaha- Yenpini demonstration underway

The biggest opposition party, the NDC is leading a coalition of like-minded opposition political parties to demonstrate through the...
READ ALSO  Sam George threatens legal action against Pius Hadzide

Kumasi airport to be upgraded as Ghana signs 40 m euro deal with UK

British Prime Minister Boris Johnson and Ghana's President Akufo-Addo are expected to sign a £40m agreement this week which will see the construction of a...

Don’t blame Gov’t for no TEWU rep on KNUST governing council – Education Ministry

The Ministry of Education have debunked claims that it is obstructing the swearing-in of a representative of the Kwame Nkrumah University of Science and...

Ghana to save Ghs 173m with new voters register – EC reveals

Data from the Electoral Commission (EC) shows that the country stands to save an amount of GHS173.07 million should a new voters’ register be...

Emelia Brobbey to drop ‘Odo Electric’ with Wendy Shay

After trending for Days on Ghanaian Twitter over her debut single titled'Fa me k)', Ghanaian actress turned musician, Emelia Brobbey, has revealed that she...
- Advertisement -

More Articles Like This

- Advertisement -