MoF refutes rumours of CBG sale to Foreign entity

The Ministry of Finance (MoF) has refuted rumors that Consolidated Bank Ghana (CBG) has been sold to a foreign investor.

In a statement issued on September 18, MoF clarified that CBG remains a state-owned bank and dismissed the reports as false and misleading.

The ministry emphasized CBG's importance in supporting local businesses and the SME sector, especially after strengthening its capital post-Domestic Debt Exchange Program (DDEP).

MoF assured the public that CBG is financially stable and urged them to rely on official communication for accurate updates on the bank's status.