Some of the sacked workers to be re-employed by CBG - Employment Ministry

Some of the sacked workers to be re-employed by CBG - Employment Ministry

The Consolidated Bank of Ghana is a result of a forced merger of five banks and it is expected for them to re-employ some of the 2000 employees who lost their jobs from the process.

The Ministry of Employment has mentioned that some of the over 2,000 workers who have lost their jobs due to the merger of five banks, will be re-engaged by the Consolidated Bank in various capacities.

This information was given by the Deputy Minister, Bright Wereko-Brobbey and first reported on by He described the process of taking some of the workers as an "alternative use of labour.”

It will therefore be up to the Consolidated Bank to decide the relevant skills required for their operations and select as such.

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The deputy minister reportedly said: "“We are looking at numbers in the region of 2,985 staff [to be retrenched] and they have asked all these people to apply and then some of them will have employment. So if people will lose jobs at all, it will be in the region of, let’s say, half about 2,000 or so."

Wereko-Brobbey then asked workers affected by the retrenchment exercise to take advantage of the bank's decision to consider them for re-engagement. He hoped that a good number will be re-engaged from the process.

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The Consolidated Bank came into existence after five banks were forcefully merged by the Bank of Ghana (BoG).

These banks were Beige Bank, The Royal Bank, The Construction Bank, Sovereign Bank and Unibank.

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