The management of Prudential Bank Limited has denied claims on social media that the bank is collapsing.
A social media user in a post on Tuesdady claimed on his Facebook wall that the indigenous bank is insolvent and will be taking over by the Bank of Ghana in the coming days. He also urged customers of the bank to go and withdraw their monies in order to avert holdups when the bank goes down.
In a statement, Prudential bank described the post malicious and baseless.
“The attention of the management of Prudential Bank limited has been drawn to malicious rumours circulating on social media that customers of the bank should rush to withdraw their money because the bank is “dead”.
“The bank has never experienced liquidity problems nor has it gone to the bank of Ghana for liquidity support in its 22-year history. This can be attested by the Bank of Ghana,” the bank said in a statement.
The development comes on the back of the Consolidation of seven local banks by the Central Bank over insolvency challenges.
The seven banks have now been merged to create the Consolidated bank Ghana limited.
