Pulse.com.gh logo
Go


Banking Crisis Beige Bank account holders blocked from withdrawing savings

This was after "anomalies" were detected in the fixed deposit accounts of Beige Bank and Beige Capital Asset Management (BCAM).

  • Published: , Refreshed:

Join the "kokonsa" clique.Don't miss a thing, get the latest updates to fuel your conversation daily

By signing up , you agree to our Privacy Policy and European users agree to the data transfer policy



Thank You! You have successfully subscribed to receive pulse.com.gh daily newsletter.

Beige Bank account holders have been temporarily blocked from withdrawing their savings.

This was after "anomalies" were detected in the fixed deposit accounts of Beige Bank and Beige Capital Asset Management (BCAM).

READ MORE: UT Bank wanted to meet Mahama over brother's GHC302M debt

This was contained in a statement issued by the Consolidated Bank of Ghana, the bank that was set up to take over Beige Bank and four others.

"“Effective immediately there will be no redemptions or withdrawals on all fixed deposit accounts held by the erstwhile Beige Bank," Consolidated Bank said in a statement signed by its Chief Executive Officer, Daniel Addo.

"It has come to our notice that there are certain accounting anomalies in the fixed deposit accounts between Beige Bank and Beige Capital Asset Management (BCAM)."

READ MORE: Attacking Otabil over Capital Bank collapse "offensive"-Franklin Cudjoe

The bank said it has initiated a reconciling assignment which is expected to be completed in the next 10 working days, technically in two weeks.

 

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Four killed in fatal car accident in Nkawkawbullet
2 Afoko killed Adams Mahama - Prosecution chief tells courtbullet
3 Suspected terrorists arrested at Tema Portbullet
4 Commander in Chief sports stadium for Tamale- Akufo-Addo announcesbullet
5 Apprentice jailed eight years for having anal sexbullet
6 Police Officer, Community Protection Assistant drown in Kpetoebullet
7 Poisonous tilapia: Fishmongers secretly carted fish for 'koobi'bullet
8 Obengfo Hospital re-opens as clients troop in for servicesbullet
9 Three injured after Ivory Coast bound bus fell into a ditchbullet
10 Highways Authority to begin arresting pedestrians who...bullet

Top Videos

1 Infrastructure Alert Mass grave on Accra-Tema motorwaybullet
2 Video Obinim church members confess sexual sinsbullet
3 Video I don't have time for sex - Obinimbullet
4 Kofi Annan's daughter cries as she sets eyes on his bodybullet
5 Anas Exposé "Nyantakyi gave out Nana Addo's room number to...bullet
6 Video Counsellor Lutterodt defends police officer for beating...bullet
7 Video Man arrested for assaulting sons with electricity cablebullet
8 Video Lady in Owusu Bempah's sex scandal finally speaksbullet
9 Video Obinim dashes woman a child from his 'Children...bullet
10 Funeral dancers in Ghana The best funeral dancers in Ghanabullet

Local

X
Advertisement