Social media reports yesterday alleged that the Consolidated Bank Ghana (CBG) has been sold to a foreign entity.
With, online media platform, Ghana Chronicles, boldly posting on their X (formerly Twitter) platform that “the Akufo-Addo-Bawumia government has SOLD CBG to a Swiss front, bypassing Parliament, ignoring court rulings, and neglecting unpaid depositors’ stakes.”
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The post further alleged that the ruling NPP government has betrayed the country by selling Ghana’s share in the bank despite ongoing legal issues.
BREAKING:
The Akufo-Addo-Bawumia government has SOLD CBG to a Swiss front, bypassing Parliament, ignoring court rulings, and neglecting unpaid depositors’ stakes. pic.twitter.com/QR1KtC231C
— Ghana Chronicles (@_GhChronicles) September 18, 2024
This statement raised concerns among the general public with many questioning whether indeed there was some truth to the allegations.
The conversation intensified as many who commented on the social media post called for an official communication by the bank or the Finance Ministry regarding the true state of the bank.
Not long after that, the Ministry of Finance made a post with tagging the report as fake.
— Ministry of Finance, Ghana (@MoF_Ghana) September 18, 2024
CBG also released a statement tp deny the allegations that the bank has been sold.
“Consolidated Bank Ghana LTD (CBG) wishes to categorically refute social media reports alleging that the Bank has been sold.
“There has been no change in the ownership of the Bank and government of Ghana remains the sole shareholder. We wish to state that reports of sale of the Bank are entirely false and misleading,” the statement said.
Press Statement. pic.twitter.com/iEkKttGhdc
— Consolidated Bank Ghana LTD (@CBGBankLtd) September 18, 2024
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The statement also assured customers that their funds are safe with the bank and that they should only rely on CBG’s official communication channels for information.
