Employees of Consolidated banks have been told by the management of consolidated Bank Ghana Limited (GBG) whether they will remain staffs of newly formed bank or sack after 60 days of assessment.

The consolidated bank were formed after five banks were merged, these banks include Royal bank, Beige capital, construction, sovereign and UniBank.

“We wish to welcome you to the Consolidated Bank Limited,” the letter said.

“As you are aware, the Bank of Ghana has withdrawn the operating licence of your Bank and the Consolidated Bank Ghana Limited has assumed the assets and liabilities of the Bank.

“The purpose of this letter is to inform you that you will be working with the new bank for a period of 60 days for certain, during which time it will be possible for your employment status to be assessed.

“Based on this assessment, a determination will be made as to whether you will continue to be in employment with the Consolidated Bank Ghana Limited.

“Kindly be reminded that you will operate from your current workplace.”

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