Consolidated Bank Ghana Limited (CBG) has refuted circulating social media reports claiming the bank has been sold to a Swiss entity.

In a statement, CBG assured the public that there has been no change in ownership and that the bank remains entirely government-owned.

“There has been no change in the ownership of the bank and the Government of Ghana remains the sole shareholder. We wish to state that reports of the sale of the bank are entirely false and misleading,” the statement read.

CBG emphasised that customer deposits are safe and reassured clients of its continued commitment to delivering reliable services.

"There is therefore no cause for concern regarding customer deposits and the bank’s operational integrity," the bank noted.

As the self-proclaimed SME bank of choice, CBG thanked its customers for their loyalty and trust.

"We assure our cherished customers that their funds are secure with the bank, and urge the public to rely on the bank’s official communication channels for any information," the statement added.

The bank reiterated its dedication to providing exceptional customer service and innovative products, reassuring clients of its stability amidst the unfounded rumours.