The Consolidated Bank Ghana Limited (CBG) has addressed recent social media rumors claiming that the bank has been acquired by a Swiss company.

In a recent statement, CBG clarified that these rumors are false, reaffirming that the bank remains entirely government-owned.

The bank assured its customers that their deposits are safe and emphasized that there has been no shift in ownership.

CBG reaffirmed its commitment to maintaining high standards of service and innovation, emphasizing its dedication to both existing and potential clients.

The statement further highlighted the bank’s role as a preferred choice for SMEs and expressed gratitude for the ongoing trust and loyalty of its customers.

CBG encouraged the public to rely on its official communication channels for accurate information.

“There has been no change in the ownership of the Bank and the Government of Ghana remains the sole shareholder. We wish to state that reports of the sale of the Bank are entirely false and misleading.

“There is therefore no cause for concern regarding customer deposits and the Bank’s operational integrity.

“The Bank continues to deliver exceptional customer service and innovative products. As the SME Bank of choice, the loyalty and trust placed in us by our customers are highly appreciated.

“We assure our cherished customers that their funds are secure with the Bank, and urge the public to rely on the Bank’s official communication channels for any information,” part of the statement read.

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