GCB Bank denies reports of unauthorized transfer of GHS52.5 billion to unknown sources

GCB Bank

The GCB Bank Limited has denied reports making rounds on social media, suggesting that the bank has transferred money amounting to GHS52.5 billion to unknown sources.

According to the bank, the false report comes from a doctored letter dated 5th October, 2020 purportedly emanating from the Ghana Audit Service, saying that the funds were transferred.

“The said letter, currently circulating mostly on social media with the caption, ‘Audit Service Reports GHS52.5 Billion transferred from GCB Bank To Unknown Sources,’ alleges that a total amount of GHS52.5 billion was transferred from GCB’s accounts to unidentified sources. This is false and mischievously designed to discredit the bank,” a statement from the GCB Corporate Affairs Department said.

The bank further assured all stakeholders of GCB that, as a bank of international repute, it conducts its activities in line with sound banking principles.

“The bank will not engage in any activity that will erode the trust and confidence the public has reposed in us over the years,” it added.

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