GCB Bank lost GHȼ1bn in 4 months after absorbing UT, Capital banks

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The GCB Bank has acquired UT Bank and Capital Bank following the distress of the two banks, the Bank of Ghana (BoG) has said. The development is in line Section 123 of the new Banking Act, which states that when a bank is in distress, the Bank of Ghana revokes their license, appoints a receiver and then look for a buyer.

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GCB’s acquisition of Capital and UT banks was strategic – Management.. Mr Sowah said although the bank would absorb staff of the two banks, it would cut down their numbers to meet the.

Yen.com.gh News GCB bank few months after taken over from UT and capital banks are set to send home over 700 workers of the two defunct banks. According to a report put up by s GCB bank few months after taken over from UT and capital banks are set to send home over 700 workers of the two defunct banks.

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GCB Bank M.D Ray Sowah speaks on takeover of UT and capital banks. gcb bank M.D Ray Sowah speaks on takeover of UT and Capital Banks. Skip navigation. GCB MD addresses press on takeover of UT.

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