KEY POINTS
- Consolidated Bank Ghana denies sale rumors and affirms its stability.
- The government of Ghana remains the sole shareholder of CBG.
- The Ministry of Finance supports CBG’s role in promoting SME growth.
Consolidated Bank Ghana (CBG) has firmly refuted claims circulating on social media about its sale, confirming that the bank remains fully owned by the government of Ghana. CBG reassures customers that their deposits are secure, and the bank continues to operate with financial stability.
CBG refutes false sale claims
In response to widespread rumors suggesting that Consolidated Bank Ghana has been sold, the bank issued a statement categorically denying these allegations. The bank emphasized that there has been no change in its ownership, and the government of Ghana remains its sole shareholder.
“We wish to state that reports of the bank’s sale are entirely false and misleading. There is no cause for concern regarding customer deposits or the bank’s operational integrity,” CBG stated.
CBG assured the public that it continues to deliver excellent services, especially for small and medium enterprises (SMEs), while encouraging the public to rely solely on official communication channels for accurate information.
Government reiterates support for CBG
Backing CBG’s statement, the Ministry of Finance also issued a press release dismissing claims of the bank’s sale to a foreign investor. According to Graphic Online, the ministry underscored the importance of CBG as a policy bank that plays a critical role in supporting indigenous businesses and SMEs to spur economic growth in Ghana.
“The government has implemented measures to strengthen the bank’s capital following the Domestic Debt Exchange Programme under the IMF-supported Ghana Financial Sector Strengthening Strategy,” the ministry added.
The government further reassured the public that CBG remains financially sound, and there is no cause for alarm regarding the security of customer deposits or the bank’s operational stability.
