General News Mon, 13 Aug 2018

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'I’m selling my uncompleted house to pay my rent' – Ex-Capital Bank staff

Former Head of E-Banking at the now-defunct Capital Bank, Raymond Addai-Danquah, has said he is selling his uncompleted building to pay his rent, which is due next month, as a result of hardship due to the loss of his job after the bank collapsed.

He noted that the collapse of five local banks which were fused to form the Consolidated Bank Ghana Limited, has caused a lot of hardship to former staff of these financial institutions.

The banks are: Beige Bank, Sovereign Bank, The Royal Bank, uniBank and The Construction Bank.

Speaking on the Executive Breakfast Show (EBS) on Class91.3FM on Monday, 13 August 2018, Mr Addai-Danquah, who says he now sells pork for a living, said life has been difficult after the collapse of the bank to the extent that: “I’m even selling my uncompleted building to get money to pay my rent. When people call me, they think there’s a problem with the property but I find it difficult to tell them I’ve been at home not doing anything. I need to pay my rent which is due next month.”

He further disclosed that the accounts of managers of Royal Bank, have been frozen and advised his colleagues, who have lost their jobs, to look for an alternative means of livelihood.

He told sit-in host Benjamin Akakpo that: “You can complain but while complaining, do something to save your family from distress”.

Mr Addai-Danquah continued: “Let me give you a news lead, as we speak now, managers of Royal Bank, their accounts have been frozen. I spoke to one of the managers yesterday, he actually called me and once a while I get calls from one of these colleagues…

“So, for me what I’ll tell my other colleagues is that the hardship is real and trust me, we have about 800 people sitting at home, so, in the meantime, think of what you can do, if you have a passion, develop it into business.”

Source: classfmonline.com

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