- GCB took over UT and Capital Banks earlier this week in an approved acquisition by Bank of Ghana
- The fate of the staff from these banks remains in limbo as there are plans for possible lay-offs
The staff of the now defunct UT and Capital Banks will face a skills assessment under the new GCB Bank management as preparations for lay-offs are being made.
According to the Managing Director of GCB, Raymond Sowah, the test is determine the which of the staff they can take in and those they’ll have to let go.
In a report by Starr FM, Mr. Sowah stated the test forms part of the integration process as their firm prepares to include the new business.
“We recognize that there are certain things that we can learn from them and as well as certain things that they can learn from us. And that is why we will ensure that we integrate with these institutions seamlessly so that they can bring whatever good they have to deal with their customers,” he added.
Mr. Sowah further assured customers of the two collapsed banks, that their accounts and funds are safe and protected, and it is still business as usual at their various branches.
Mr. Sowah’s statement follows shocking takeover of the two banks by GCB upon approval from the Bank of Ghana.
The BoG revoked the licenses of the the two banks over various financial mishaps which left both institutions as a liability to the financial stability of the country.
GCB Bank is said to be among on the three banks that were actually in contention to acquire the two financial firms.
According to the BoG, the prime reason for the action was as a result of the worsening state of operations at the two banks.
Do you have any stories to share with YEN? Get featured! We are available on Facebook and email via firstname.lastname@example.org.