General News of Wednesday, 4 August 2021Source: www.ghanaweb.com•The Consolidated Bank Ghana was formed in 2018 to takeover some struggling banks•Captain Smart says the bank will collapse if NDC returns to power•He says the banks will disintegrate and go back to their independent statusGodsbrain Captain Smart, the host of Onua TV’s morning show believes that the state-owned Consolidated Bank will be collapsed if the New Patriotic Party exits the political scene. Captain Smart foresee Royal Bank being separated from the Consolidated Bank Ghana while GN Bank will be able to stand on its own if it wins all cases pending before the courts. The Consolidated Bank Ghana was established in 2018 to take over some struggling banks in the country. Sovereign Bank, Royal Bank, Beige Capital, Construction Bank and Unibank are five financial institutions that have run into liquidity challenges hence the decision by the government to consolidate them. “To be very honest, Consolidated Bank Ghana is all that is wrong with the banking sector in Ghana.

Source: GhanaWeb August 04, 2021 06:31 UTC