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GIMPA-GRASAG threatens to sue, close down account with CBG over breaches
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The Ghana Institute of Management and Public Administration(GIMPA), chapter of Graduate Students Association of Ghana (GRASAG), has served notice it will terminate its banking relationship with Consolidated Bank Ghana (CBG) if the bank fails to unravel circumstances that led to the Association s bank statement released to an authorised person.
They ve further threatened legal action against the bank for breaching customer banking relationship. I write to invoke your investigation powers on the suspicious grounds on which someone in your institution is divulging our account information to a third party or someone outside our relationship which amounts to a breach of customer banking relationship, a letter written to the bank and sighted by
In line with its commitment to empowering local businesses to thrive in the midst of COVID-19, Consolidated Bank Ghana (CBG) has hosted the second edition of its ‘Adesua Series’ to educate its Small and Medium Enterprises (SMEs) clients on the African Continental Free Trade Area Agreement (AfCFTA) opportunities.
The virtual event, themed “Time with Customs Division of Ghana Revenue Authority (GRA) on Import/Export Procedures and AfCTA Opportunities”, aimed at removing ambiguity about procedures and also to encourage CBG SME customers to follow the laid down procedures to avoid paying penalties or being taken advantage of by Clearing Agents.
Reiterating CBG’s commitment to support SME clients in the wake of the COVID pandemic, Deputy Managing Director of CBG, Thairu Ndungu, said the bank is committed to being at the forefront of supporting SMEs. He said, “We pledge to be at the forefront of servicing SMEs with products and value propositions designed to grow their