MD of CBG, Daniel Wilson Addo
MD of CBG, Daniel Wilson Addo

The Ghana Institute of Management and Public Administration (GIMPA), chapter of Graduate Students’ Association of Ghana (GRASAG), has served notice to terminate their banking relationship with Consolidated Bank Ghana (CBG), for breaching customer banking relationship.

The Association has also threatened to sue CBG if it fails to unravel circumstance that led to its Bank Statement to be released to an unauthorized person.

A letter written to the Bank’s management said, “Kindly note that failure to act will lead to the termination of our banking relationship and taking legal action for breach of customer banking relationship.”

GRASAG- GIMPA in the letter asked the management of the bank to invoke its investigation powers on the suspicious grounds on which staff of the Bank has divulged the Association’s account information to a third party or someone working outside their relationship.

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“I write to invoke your investigation powers on the suspicious grounds on which someone in your institution is divulging our account information to a third party or someone outside our relationship which amounts to breach of customer banking relationship,” the letter said.

The letter mentioned one Emmanuel Senyo Amekplenu who is not a signatory to the Association’s account, without authorization unethically published the bank statement on social media platforms.

The letter indicated that the culprit could only obtain the said Statement with the assistance of one of Bank’s staff to commit the crime.

The Association has given the Banks 21 days to respond to its letter.

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However, nothing has since been heard from the Bank as response to the Associations claims.

Meanwhile, it is feared that the GIMPA and Students Representative Council (SRC) accounts which were formerly with UniBank and now with CBG, would also be compromised if care is not taken.

“Maybe they might also release the School Bank Statement to unauthorized person,” members of the Association noted.


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