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Ghana Commercial Bank One month after former GCB MD resigned, new one yet to be named

The development is said to be causing anxiety among workers of the bank.

  • Published:

One month since the resignation of the former managing director (MD) of the Ghana Commercial Bank, a new MD is yet to be appointed to fill the vacant position.

The development is said to be causing anxiety among workers of the bank.

Pulse.com.gh gathers that a new MD has been settled on but the one selected is allegedly not the fovourite of the powers that be.

On March 3, Mr Simon Dornoo resigned as the banks MD to pursue other interests, a statement from GCB said.

He was in charge of the bank for six years.

“During his tenure, Mr Dornoo led his executive management and GCB team to transform the bank and reposition it as one of the best performing banks in the country.” GCB said.

“The board, management and staff of GCB bank are privileged to have worked closely with him to propel the bank to its current status and wish to express their profound gratitude to him for his period of dedicated service to the bank,” GCB said.

The Bank had been wholly government owned until 1996 when under the economic recovery programme part of the government ownership was divested. Today government ownership stands at 21.36% while institutional and individual holdings add up to 78.64%.

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