Consolidated Bank Staff To Know Fate After 60 days

The Chief Executive Officer of the newly- established Consolidated Bank, Daniel Addo, has issued a letter to the staff of the new bank indicating that their employment status-quo would only be assessed for permanent employment after 60 days.

The CEO, in a letter said among other things: “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”.

The letter had placed a cloud of doubt over claims from certain quarters that the consolidation was not going to affect workers of the collapsed banks.

It should be recalled that even though the Ghana Trades Union Congress (TUC), welcomed the decision by the BoG to consolidate the five indigenous banks into a single entity, it warned that no jobs should be lost.

“Given the current state of joblessness in the country, it is important that developments in the banking sector and the measures being taken to address them do not add to the huge unemployment challenge. We urge the Bank of Ghana to do everything in its power to safeguard all the existing jobs,” TUC General Secretary Yaw Baah said in a press statement issued in Accra.

But contrary to the assurance from the Bank of Ghana (BoG), the Managing Director of Dalex Finance, Ken Thompson, has predicted job-losses following the consolidation.

By: Bonful Hannah