Staff of defunct Construction Bank owe a chunk of its loans – The New Ghana

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The new bank has yellow, blue and green as its primary colours, with integrity, respect, innovation and client focus as its core values. Present at the launch included Members of Parliament (MPs), ministers of state, former and current government officials, actors in the construction and real estate sectors, as well as members of the diplomatic corps.

The First Deputy Governor of the Bank of Ghana, Mr Millison Narh, in a goodwill message noted that The Construction Bank is the 34 th major bank in the country and the first to be licensed this year. He said that the opening of the bank is an affirmation of the growing importance of the construction industry in Ghana.

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The receiver of defunct Beige Bank is chasing over 1,000 loan defaulters of the bank. The names of individuals and companies have been published as the first batch of defaulters in state newspaper The Ghanaian Times. The individuals and entities have been indebted to the bank between 2013 and 2017.

Staff of defunct Construction Bank owe a chunk of its loans January 23, 2019 Leave a comment A report on the inventory of assets and property of the five consolidated banks has revealed that Construction Bank’s entire loan portfolio of GHs 620, 000, were term loans given to nine of the company’s employees.

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Vice President, Dr. Bawumia, has touted the launch of a new specialised bank, the Construction Bank, as a significant chapter in Ghana’s banking industry.

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Construction bank. Total assets of Construction bank as at August 1, stood at GH24.7 million. The Bank’s loan portfolio, which constituted only 3% of total assets, was made up of term loans given to 9 of the bank’s employees which totaled GHc620, 000. 92% of the bank’s cash was made up of balances with local banks and the Bank of Ghana.