Consolidated Bank Ghana Ltd. (CBG) has moved swiftly to quell rumors circulating on social media that the bank has been sold.
In a press statement released on Wednesday, the bank’s management emphatically denied the allegations, reassuring customers that their deposits remain secure.
CBG clarified that the Government of Ghana remains the sole shareholder, and there has been no change in the bank’s ownership structure.
The statement described the sale rumors as “entirely false and misleading,” urging the public to disregard them.
The bank assured its customers that operations will continue uninterrupted, with a focus on delivering exceptional customer service and innovative products.
As the preferred bank for Small and Medium-sized Enterprises (SMEs), CBG expressed gratitude for the loyalty and trust placed in it by its customers.
“We want to reassure our valued customers that their funds are secure with us,” the statement read.
“We urge the public to rely on the bank’s official communication channels for accurate information.” CBG’s management emphasized that the bank’s operational integrity remains intact.
Consolidated Bank Ghana Ltd. was established in 2018, following the consolidation of five banks: Beige Bank, Construction Bank, Royal Bank, Sovereign Bank, and UniBank.
The bank’s formation aimed to strengthen Ghana’s banking sector and improve financial stability.
BY Daniel Bampoe