Management has dealt with issues - ARB Apex Bank Board

The Board of Directors of the ARB Apex Bank Limited says some issues which were raised by some concerned staff of the bank have been addressed as the Bank of Ghana investigates the claims.

The bank in a release signed by its Board Chairman, Dr Anthony Aubynn said it recognises the enormity of the allegations being peddled in the media even before the Bank of Ghana comes out with its report on the issue.

"Some of the issues raised by "Concerned Staff" of the Bank have been dealt with and others are being handled by Bank of Ghana and investigations are currently ongoing to establish the veracity of the claims," the release said.

"The Board recognises the enormity of these allegations being peddled in the media even before Bank of Ghana comes out with their report,

"Until the Bank of Ghana finalises their investigations and issue their report, the Board cannot side step the process and respond to the issues raised,

"We wish to urge the media to tread with caution in the publication of such unfounded allegations".

The release further assured the general public that there is calm at the bank and its doors are open to customers.

Background

The release follows media publications that there was uneasy calm amongst the staff and management of ARB Apex Bank because of allegations relating to the tenure of its current Managing Director, Mr Kojo Mattah.

The allegations were reportedly contained in anonymous letters to the Office of the President, Governor of the Bank of Ghana, Minister for Finance and the Board of Directors of Apex Bank.

The ARB Apex Bank Limited is a “mini”-central bank for the Rural & Community Banks (RCBs).

The Bank was registered as a public limited liability company in January, 2000. The shareholders are the RCBs.