Despite assurances by the central bank that staff of the five banks that were merged to form the consolidated bank would not loose their jobs, most of them remain uncertain about their fate. The managing director of Royal Bank Osei Asafo-Adjei who interacted with GH One news said he was not sure he would be keeping his job by the time the transition process is completed.

All the five banks that were consolidated by the Bank of Ghana remained closed to the public for business on Thursday August 2 until 1pm. All ATM’s also remained. shut closure of the banks during the early part of the day MD of Royal bank Osei Asafo-Adjei explained the BOG appointed receiver and officials of the bank of Ghana were working hand in hand to harmonize their operations before takeoff. We sought to gauge mood of workers even as they embarked activities to ensure they transition the defunct banks into the Consolidated Bank. One thing was certain, most of them did not know their fate.

The new consolidated bank opened to customers at exactly 1pm. One thing was certain panic withdrawals were minimal. Businessman and Politician Bernard Antwi Boasiako who is a customer of Royal Bank said the move by the central bank was in the best interest of customers.