UT-Capital Takeover: GCB Bank dragged to CHRAJ

Some 37 former workers of the GCB Bank Ghana Limited have dragged the nation’s foremost commercial bank to the Commission on Human Rights and Administrative Justice (CHRAJ) over the “wrongful” termination of their contracts. According to them, their dismissal is “unfair, discriminatory and, as a result, violates their right to work”. CHRAJ has, consequently, written to the Managing Director of GCB Bank Limited to respond within 10 working days. “Please take note that the Commission will proceed with its investigation in accordance with law if you do not submit your comment/response within the time stipulated herein,” the letter written by CHRAJ to GCB Bank Ltd warned. The issue had to do with the 2017 takeover of two major banks – UT Bank and Capital Bank – by the GCB Bank Ltd. The two banks were declared insolvent and GCB Bank Ltd was named by the Bank of Ghana as the successor of their assets and liabilities. Most staff of the two banks were also subsumed by the new owners but the complainants say on February 13, 2019, their appointments were terminated on “unexplained grounds”. This forced them to head to CHRAJ as they claimed their fundamental rights were trampled upon. They are also demanding a reversal of the decision to terminate their appointments. CHRAJ is giving GCB Bank Ltd an opportunity to respond before investigations begin. By Emmanuel Kwame Amoh|3news.com|Ghana ]]>

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