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02.12.2020 Business & Finance

GCB Bank reacts to alleged transfers of tax revenues to “unknown sources”--GHS 52.5 billion

GCB Bank reacts to alleged transfers of tax revenues to “unknown sources”--GHS 52.5 billion
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GCB Bank Limited (GCB) has today December 1, 2020, noted with grave concern the publication of a doctored letter dated 5th October 2020 purportedly emanating from the Ghana Audit Service (GAS) in respect of funds transferred.

The said letter, currently circulating mostly on social media with the caption, ”Audit Service Reports of 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.

We hereby deny the allegation that GCB has effected unauthorised transfers. We further assure all our stakeholders that GCB, as a Bank of international repute, 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.

GCB Corporate Affairs Department

Emmanuel Kojo Kwarteng

Head, Corporate Affairs Department

GCB Bank Limited

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