The Bank of Ghana (BoG) has completed the clean-up exercise and will not “descend” on Rural and Community Banks (RCBs) as is being maliciously circulated, a statement from ARB Apex Bank has said.

The statement signed by the Managing Director of Apex Bank, Kojo Mattah said, “A malicious audio message circulating on social media platforms including WhatsApp purporting that Bank of Ghana has plans to withdraw the licences of some operating Rural and Community Banks (RCBs) has no basis.”

ARB Apex Bank is the supervisory institution for rural and community banks spread across the country.