The Ghana Commercial Bank (GCB) has said a story making adjusts via online media that some GH¢52 billion belonging to the Ghana Revenue Authority (GRA) couldn’t be accounted for after an audit is false.

Responding to the allegation that was first made by online media analyst, Kevin Taylor, on Monday, November 30, 2020, the bank said in a proclamation that the claims are mischievous and intended to ruin the bank.

“The said letter currently circulating mostly on social media with the captions, ‘Audit Service Reports if GHS52.5 billion transferred from GCB Bank to unknown sources’, alleges that a total amount of GH¢52.5 billion was transferred from GCB’s account to unidentified sources. This is false and mischievously designed to discredit the bank,” the Corporate Affairs Department of the bank said in the statement.

The Audit Service has also debunked the claims made against GCB Bank.

As indicated by the assertion, the review practice in reference was an activity authorized by Finance Minister Ken Ofori-Atta in a letter dated August 15, 2020, in light of the command of the President.

It said the letter in circulation on the matter forms part of letters sent to commercial banks that participated in the transfers.

It added that the Audit Service intends surcharging any bank which defaulted in the tax receipts collected and also, the Service has managed to trace with satisfaction, some of the transfers.

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