Consolidated Bank Ghana Ltd. (CBG) has swiftly debunked rumors circulating on social media that the bank has been sold.
In a press statement released on Wednesday, the management of CBG firmly denied these claims, reassuring customers that their deposits remain secure.
The bank emphasized that the Government of Ghana is the sole shareholder, and there has been no change in the ownership structure, describing the rumors as “entirely false and misleading.”
The management urged the public to disregard the misinformation and rely on official communication channels for accurate updates.
“We want to reassure our valued customers that their funds are secure with us,” the statement read, adding that operations will continue uninterrupted with a commitment to delivering exceptional customer service and innovative products. CBG expressed its gratitude for the continued loyalty and trust placed in the bank by its customers.
Established in 2018, CBG was formed by the consolidation of five struggling banks—Beige Bank, Construction Bank, Royal Bank, Sovereign Bank, and UniBank—to bolster Ghana’s financial sector and enhance stability.
The bank has since positioned itself as the preferred financial partner for Small and Medium-sized Enterprises (SMEs), playing a vital role in supporting the country’s economic growth.
CBG’s management reassured that the bank’s operational integrity remains intact, and it remains focused on its mission to provide reliable and innovative financial solutions.
The bank reiterated that it is committed to maintaining its strong position within the industry, promising to continue building a secure and prosperous future for its customers.
