The Receiver for Consolidated Bank Ghana (CBG), Pricewater house Coopers, has closed down some bank branches of the defunct Heritage Bank and Premium Bank.
The accounting firm also asked the staff at the affected branches of the two banks to step aside for a while.
With the exception of the Tema Community 1 and Suame (Kumasi) branches, CBG will cease to operate the former branches of Heritage after close of business on Thursday, 28 February 2019, according to a notice to staff and consultants of the banks.
“Consequently, unless specifically requested, all the Receiver’s consultant staff will no longer be required to physically report to work at the former branches or Head Office daily. Any individuals who may be required to report to any location in the course of their duties will be advised separately,” said the notice.
Also, four out of the five branches of the defunct Premium Bank have been closed down and staff asked to step aside.
Dr Ernest Addison announced that the liabilities and selected assets of the two institutions will be taken over by the CBG, following the approval of a purchase and assumption agreement by the regulator.
In the latest development at the two defunct banks, the notice to staff further stated that the closure of the bank branches and the subsequent directive to the affectedstaff at these branches will not affect the terms of the existing consultancy contract between the Receiver and the staff.
“Accordingly, allowances will be paid in line with the consultancy contracts for the term of the contract which ends on March 31, 2019,” the notice said.
By: myjoyonline.com
