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Business News for Wednesday, December 2, 2020
Source: www.ghanaweb.com
2020-12-02
GCB Bank has denied the allegations
The Ghana Commercial Bank (GCB) has told a story circulating on social media that some 52 billion GH ¢ belonging to the Ghana Revenue Authority (GRA) could not be accounted for after an audit is false.
In reaction to the accusation first made by social media commentator Kevin Taylor on Monday, November 30, 2020, the bank said in a statement that the claims are malicious and designed to discredit the bank.
“This letter currently circulates mainly on social networks with subtitles, ‘Audit service reports if 52.5 billion GHS was transferred from GCB Bank to unknown sources’, alleges that a total amount of GH ¢ 52.5 billion was transferred from the GCB account to unidentified sources. This is false and maliciously designed to discredit the bank, ”the bank’s Corporate Affairs Department said in the statement.
The Audit Service has also discredited the claims made against GCB Bank.
According to the statement, the audit exercise in question was an exercise sanctioned by the Minister of Finance, Ken Ofori-Atta, in a letter dated August 15, 2020, based on the mandate of the president.
He said the letter in circulation on the matter is part of letters sent to commercial banks that participated in the transfers.
He added that the Audit Service intends to charge a surcharge to any bank that has failed to comply with the collected tax receipts.
In addition, it revealed that the Service has successfully tracked some of the transfers.
Read GCB Banks’ full statement on the allegations below.
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