Dr. Cassiel Ato Forson has issued a clear warning to the newly inaugurated Board of Directors of Consolidated Bank Ghana Limited (CBG), urging them to protect public funds and reject financial excesses.
“The era of excessive salaries and bloated board allowances in State-Owned Enterprises will not be entertained under our administration,” he stated during the inauguration ceremony.
Dr. Forson used the occasion to underscore the bank’s origins, reminding the board that “government spent close to GH₵30 billion to purportedly safeguard the sector, and CBG stands as a reminder of that development.”
He assured them of the government's readiness to support the bank, saying, “I assured the board of government’s firm commitment to capitalize CBG in the coming year.”
However, he emphasized that such support comes with the responsibility of sound financial stewardship.