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Business & Economy

CBG Debunks Claims of Sale, Reassures Customers of Stability

Fmr. Cal Bank CEO Questions Feasibility of Mahama’s Promise to Restore Licenses of Collapsed Banks
Stanley Senya
Sep 18, 2024

Consolidated Bank Ghana Ltd. (CBG) has refuted rumours circulating on social media that the bank has been sold to an investor. In an official statement, the bank categorically denied these claims, clarifying that there has been no change in ownership, and the Government of Ghana remains the sole shareholder.

The bank described the rumours as “entirely false and misleading” and emphasized that there is no cause for concern regarding customer deposits or the bank’s operational stability. CBG reassured its customers that their funds are secure, and the bank continues to operate with full integrity.

CBG reiterated its commitment to delivering excellent customer service and innovative banking solutions. “As the SME Bank of choice, we deeply appreciate the loyalty and trust of our customers,” the statement read. The bank also urged the public to rely on its official communication channels for any updates or information.

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