MoF refutes rumours of CBG sale to Foreign entity

The Ministry of Finance (MoF) has refuted rumors that Consolidated Bank Ghana (CBG) has been sold to a foreign investor.

In a statement issued on September 18, MoF clarified that CBG remains a state-owned bank and dismissed the reports as false and misleading.

The ministry emphasized CBG's importance in supporting local businesses and the SME sector, especially after strengthening its capital post-Domestic Debt Exchange Program (DDEP).

MoF assured the public that CBG is financially stable and urged them to rely on official communication for accurate updates on the bank's status.

Read full article