CBG

The Ministry of Finance (MoF) has denied claims that Consolidated Bank Ghana (CBG) has been sold to a foreign investor. This follows CBG’s earlier dismissal of the same rumours. MoF in a statement issued on Wednesday, September 18, noted that “We wish to state that CBG has not been sold and these reports are entirely false and misleading. CBG remains solely a state-owned bank after it was converted from a bridge bank into a universal bank and licensed by the Bank of Ghana.” “CBG, as a policy bank, remains critical in the Government’s strategy of supporting indigenous businesses and the…