- Employment minister reveals that about 2000 staff of defunct banks will lose their jobs
- The figures came to light after a meeting between CEO of CBG, officials of the Bank of Ghana, the employment ministry and representatives from organized labour
The deputy Employment Minister, Bright Wereko-Brobbey, has revealed that about 2000 staff of the five defunct indigenous banks will not be retained.
According to him, the Consolidated Bank Ghana (CBG), which was established following the merger of the five banks, cannot retain all of the staff.
This was agreed following a meeting between CEO of CBG, officials of the Bank of Ghana, the employment ministry and representatives from organized labour.
The CBG, however, agreed to retain a sizeable number of staff from the defunct banks as part of its integration and rationalisation.
Reports suggest that the CBG inherited over 4000 staff from the collapsed banks, that is, uniBank, Construction Bank, BEIGE Bank, Royal Bank and Sovereign Bank.
“The numbers that came before us suggests that about 2,000 or so people are likely not to be absorbed,” Mr Wereko-Brobbey told Accra-based Joy FM.
The deputy minister stated that “other alternative uses of labour like they [CBG] promised us is something they are considering.”
He said staff with skills that is still relevant to the sector are the ones who are most likely to be retained.
“We are hoping that people will take advantage of this and do as expected of them and then compete in the labour market in terms of the banking sector,” he added.
The deputy minister further disclosed that an agreement is yet to be reached on the severance packages to be paid to staff of the defunct banks.
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