Dozens of workers are likely to lose their jobs following the collapse of UT and Capital Bank.
The Bank of Ghana on Monday, 14th August, 2017 revoked the licenses of the two banks giving the approval to GCB Bank Ltd to acquire them because they had severe capital impairment.
According to the Central bank, they selected GCB bank over three others because of its competitive edge on the basis of “purchase price, cost of funding and acquiring bank’s capital adequacy ratio.”
The Central Bank has also hinted at the possibility of job losses following the takeover.
GCB bank Ltd also says they cannot take all the workers of the two banks.
The Managing Director of GCB Bank, Raymond Sowah, says they will retain some staff based on the job skills the employees have.
“We shall conduct a skills assessment as part of integration process; we need to know whether we can bring everyone onboard or not. This is an expanded institution and as we go through the integration we should know what jobs to close down and what jobs to retain,” he added.
Speaking to the issue during a panel discussion on Peace FM morning show ‘kokrokoo’, Bernard Allotey Jacobs, Central Regional Chairman of the National Democratic Congress (NDC) said he feels sorry for the workers.
“I wasn’t surprised this morning to read that GCB says they will not be able to take all the workers. This is just what we are worried about… I am crying for the staff of UT bank because about 2/3 (two-thirds) will be sacked”
Source: Rebecca Addo Tetteh/Peacefmonline.com
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TWEAAA, WE KNOW NDC'S PATIN DAREGA(SPIDER) TEARS. SHUUT UP AND ALLOW US TO PISS!!!!!!
Alottey weep for your party, that didn't help those banks to survive. Allotey weep for DKM and God is Love customers whose monies were lost while others died because of ndc wickedness and ins*nsitivity at least this government has been smart to absorb their capital and investment into GCB so they can get their monies intact. At least those workers from those defunct banks are working for now, before any assessments are made to employ the most skilled not those ndc girlfriends,families and cronies employed by those banks who didn't know nothing but just whom you know. Ghana can't keep whom you know incompetent and inefficient workers to retard the progress of our country so Allotey has cause to weep,his nephew and nieces who were pushed there are coming home for skilled labour to take in charge. We want Ghana to move forward so any action to move our country forward is most welcome. Ndc besu ara awu.