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The Bank of Ghana (BoG) has announced it is creating the Consolidated Bank Gh. Ltd to take over five struggling banks in the country.
Sovereign Bank, Royal Bank, The Beige Bank, Construction Bank and Unibank are the five financial institutions that have run into liquidity challenges.
Government has made 450m cedis available for the Consolidated Bank as starting capital and has named Daniel Addo as its CEO.
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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
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