2 former staff of a failed bank die as over 800 others languish in poverty

2 former staff of a failed bank die as over 800 others languish in poverty

- Two former employees of the then Capital Bank are reportedly dead

- 800 others are allegedly facing extreme economic hardship

- GCB Bank assumed the assets and liabilities of Capital Bank and UT Bank which were collapsed last year

Information available to YEN.com.gh shows that two former employees of the defunct Capital Bank have lost their lives.

According to sources, 800 others are facing extreme economic hardships due to the collapse of the bank.

Raymond Dayi Dankwa, a former employee of Capital Bank, has shed light on the current economic conditions in which such people find themselves.

A from view of a building

Source: Supplied

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He revealed that one of the dead people was buried on July 14, and preparations are underway for the burial of the second person.

“Our end of service package has still not been paid for both Capital and UT Bank staff.

Before the closed down, some of us had leave days left that we were told were converted to cash but that has not been done,” he stated.

He went on to say that his heart goes out to the employees of the now Consolidated Bank of Ghana (CBG), there have been some challenges since the announcement of the merger on August 1, 2018.

The Bank of Ghana (BoG) announced the collapse of five local banks, Sovereign Bank, Construction Bank, Beige Bank, uniBank and Royal Bank.

The CBG, which is 100% state owned, was thus formed, with the assurance that it has enough resources to do business.

On August 14, 2017, Capital Bank and UT Bank also suffered similar fate and the BoG closed them down. GCB Bank inherited all the assets and liabilities of the two banks.

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Source: Yen.com.gh

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