Business

Former uniBank employees lock up CBG managers over unpaid salaries

Some security personnel from Top Core Security who had been providing services for the now -defunct Unibank in Accra, on Thursday locked up managers of Consolidated Bank Ghana (CBG) at the World Trade Centre office in Accra.

This was to demand their unpaid salaries and frozen accounts following their dismissal after the collapse of uniBank.

In an interview with the media some of the security guards said the statement of affairs is taking a toll on their lives.

One of them said, “This development has affected me a lot. My landlady has been following me for rent and I have been giving her excuses. If they do not pay me, my landlady can easily throw me out of the house and I do not have anywhere to go.”

Another said: “We need money. I am a lady and I need money to feed my children. I need money to do so many things. We are pleading with Consolidated Bank to release our monies to us.”

Consolidated bank to sack 1,700 out of 3,700 staff

The Daily Graphic had earlier reported that the newly formed Consolidated Bank will be parting ways with about 1,700 of its staff effective by the end of September 2018.

The affected workers include 700 mobile bankers of the erstwhile BEIGE Bank, while 1,000 are former employees of the Royal Bank, the Construction Bank, uniBank and the Sovereign Bank.

The Daily Graphic indicated the layoffs form part of the business rationalization programme of the new bank to reduce its current operational cost of about GH¢60 million per month and reduce staff numbers by a minimum of 1,700.

Five banks consolidated

The Bank of Ghana earlier in August 2018 revoked the licences of five struggling banks and merged them into one and named it Consolidated bank Ghana limited.

The affected banks included uniBank, Sovereign Bank, Construction Bank, Royal Bank, and Beige Bank.

The Central Bank explained that some of the affected banks obtained their licenses using dubious means and had non-existent capital adding that whereas some breached cash reserve requirement, others had their shareholders engaging in supposed dubious transaction

400 staff sacked

Reports indicate that some 400 workers of defunct Beige Bank had been sacked by the Consolidated Bank.

Citi Business News gathered that the workers were mostly micro banking staff of the erstwhile bank.

The directive was contained in a memo circulated to all members of staff last Friday [August 24, 2018] and sighted by Citi Business News.

The affected workers comprise tellers as well as field service operators who were responsible for the collection of deposits of majority of Beige bank’s customers who are in the informal sector.

The staff also liaised with the branch officers for withdrawals and other services so required by their respective customers.

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