GCB Bank Pie has noted with alarm distribution of information things in the eighth and 24th June 2022 releases of a paper called the Herald proposing the end of the agreements of the Bank's current money on the way (CIT) sellers and granting contracts for heavily clad bullion van CIT administrations to unfit merchants. We consider the substance of the distribution as misleading, vindictive and planned to ruin and pointlessly pre-empt the endeavors of the Board and Management of the Bank to proactively safeguard the premium of investors.
The Bank has neither ended the agreement of existing CIT specialist organizations nor granted an agreement for the utilization of reinforced bullion vans for CIT administrations.
Further, the Bank has not conceded a credit to any organization to get or potentially work protected bullion vans for CIT administrations. For the paper to hint that GCB Bank is conceding a US$20 Million office to a seller to secure defensively covered vans and give CIT administrations to the Bank is paltry and an illusion of their creative mind trying to censure the difficult work of the administration and staff of GCB Bank in developing this extraordinary public resource. Any endeavor to impact the Bank to consider any seller who doesn't meet the necessities for the CIT administrations won't go on without serious consequences.
It very well might be reviewed that in December 2020, the Bank of Ghana (BOG) gave a mandate for Banks to supplant soft cleaned bullion vans with protected bullion vans for CIT administrations. Ensuing to the BOG mandate, GCB Bank Pie got various recommendations from planned sellers which will be viewed as inside the system of the Bank's acquirement cycle.
We wish to guarantee clients, the overall population and all partners that the Bank maintains high administration principles in drawing in sellers and will follow its acquisition strategy and cycle to guarantee that organizations that meet both specialized and monetary prerequisites are chosen to complete CIT administration for the Bank.
GCB Bank Pie has a rich legacy and is a public resource that should be safeguarded and shielded from people with vindictive aim. The Board and Management of GCB might want to ask our staff, clients, investors and the overall population to disregard the pernicious distribution and different adaptations being circled via web-based entertainment and different stages.
The Bank is centered around offering monetary support to its clients and wide partner gatherings and will keep on safeguarding their premium.
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