General News Tue, 11 Sep 2018

2,000 defunct bank staff to lose jobs - Deputy Employment Minister

About 2,000 staff of the five defunct indigenous banks will not be absorbed by the Consolidated Bank Ghana (CBG), Deputy Employment Minister Bright Wereko-Brobbey has disclosed.

The figures came to light after a meeting between CEO of CBG, officials of the Bank of Ghana, the Employment Ministry and representatives from organized labour.

It was concluded at that meeting that as part of its integration and rationalisation, the CBG would retain a sizeable number of workers of the defunct banks.

Speaking on Joy FM’s Newsnight programme Monday, Mr Wereko-Brobbey said it would be impossible for CBG to retain the almost 4,000 staff it inherited following the consolidation of the five banks.

“The numbers that came before us today suggests that about 2,000 or so people are likely not to be absorbed,” the Deputy Minister said.

He was, however, quick to add that “other alternative uses of labour like they [CBG] promised us is something they are considering.”


This means that staff with skills that are still relevant to the sector will be put together and used for the rendering of other services.

“We are hoping that people will take advantage of this and do as expected of them and then compete in the labour market in terms of the banking sector.”

On the severance package brouhaha, Mr Wereko-Brobbey said a conclusion has yet to be arrived at.

However, the Unions and the receiver would meet and agree on the specifics and the Ministry will follow through and ensure that the workers get the best.


For the affected staff of the defunct banks whose salaries – about two months in some instances – are yet to be paid, the Deputy Minister said the CBG has made all those payments.

But it appears not all of these workers have been paid.

Earlier on Monday, workers of Topp Core Security Ghana Ltd who provided services for the defunct uniBank embarked on a protest to demand the payment of their July and August salaries.

According to the workers, although their sources indicate that the CBG has released their monies, management of Topp Core has refused to make payments to them.

Source: Myjoyonline.com
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