Over 700 former workers of the now defunct UT and Capital banks are set to lose their jobs as the takeover bank GCB has begun issuing out termination letters. The affected staff have already received letters asking them to proceed home. Starr News understands GCB is only retaining clerical and …
Read More »GCB Bank Planning To take Over National Investment Bank Soon
A couple of weeks ago, Capital Bank and UT Bank were taken over by GCB Bank Ltd. Just when we thought all was said and done, new information reveals NIB may soon be taken over by GCB Bank also. According to the news as reported by the Daily Graphic, GCB Bank Limited …
Read More »Mensa Otabil admits to rough week after bank collapse
International Central Gospel Church (ICGC) Pastor, Mensa Otabil has noted he had quite a turbulent week, after the collapse of Capital Bank, of which he served as Board Chairman. During his sermon on peace today [Sunday] he recounted that “Monday was a fortunately good day for me. I was fine …
Read More »Fix weaknesses in banking sector – Nana Addo to BoG
President Nana Akufo-Addo has charged the Bank of Ghana to address the weaknesses in the banking sector. According to him, such moves will prevent any adverse spillover effect on the economy. Speaking at the 60th anniversary lecture organized by the Bank of Ghana in Accra on Friday, Akufo-Addo said: “a weak …
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