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Business News of Friday, 14 September 2018

Source: classfmonline.com

CBG staff to write assessment tests for re-engagement

Consolidated Bank is an amalgamation of five under-performing banks closed down by Bank of Ghana Consolidated Bank is an amalgamation of five under-performing banks closed down by Bank of Ghana

The management of Consolidated Bank Ghana Limited (CBG), has asked its staff who re-applied in order to keep their jobs, as part of the bank’s restructuring process, to write assessment tests scheduled for 15 and 16 September 2018.

The tests for the short-listed staff is meant for the next stage of the recruitment process.

A letter to the staff cited by ClassFMonline.com reads:

Dear Applicants,

Having successfully concluded the submission of your credentials towards employment in CBG; we are pleased to inform you that you will soon be receiving invitations to attend assessment tests scheduled for September 15 – 16, 2018.

For your convenience, there are 10 test locations across the country. Your test venue will be selected for you based on proximity to your location.

Please note that the assessment will be conducted online and is expected to last for one (1) hour.

Over the course of the next 48 hours, you will receive personalised invitations, informing you of your test venue and the competency area you have been mapped to.

The competency area has been determined by your previous responsibilities in the member banks as well as its alignment to CBG’s strategic goals.

Kindly check your mail for these details and in the event you do not receive the mails, please check the spam folder of your mailbox.

Should you have any enquiries or complaints, kindly send an email to recruitmentsupport @cbg.com.gh

We wish you all the best.



CBG was formed when the Bank of Ghana recently fused uniBank together with Sovereign Bank, The Royal Bank, The Beige Bank and The Construction Bank.

Some 1,700 staff of the bank have been laid off.

In a press statement issued to clarify media reports about the bank's human capital, CBG said it was "right-sizing".

Below is the full statement:

CBG addresses media reports about human capital changes

The Management of Consolidated Bank Ghana Limited (CBG) has taken notice of reports in the media about massive lay-o?s to be e?ected by the bank, as part of e?orts to implement the Purchase and Assumption transaction it undertook following the recent distress of five (5) banks.

CBG informs the general public that it has established an integration roadmap with the objective of right-sizing the branch network and rationalizing headcount amongst others. Whilst this may involve some reduction in headcount, management is taking steps to ensure that this does not impose undue hardship on its sta?.



A core part of this integration and rationalization exercise is career training programs for all sta? who may be exited as a result. CBG is also finalizing a plan for a?ected sta? to transition to other economic models which will enable them provide essential outsourced services to the bank where appropriate.

CBG is an indigenous bank with a strong balance sheet, well-positioned to protect the best interests of our depositors and sta?. We look forward to an enduring partnership with all our stakeholders and to building an entity that will transcend this generation.