The State Interests and Governance Authority (SIGA) firmly rejects recent social media reports suggesting the sale of Consolidated Bank Ghana (CBG). We clarify as follows.

1. The ownership structure of CBG remains unchanged, with the Government of Ghana (GoG) continuing as the sole shareholder.
2. As the Authority mandated by the SIGA Act, 2019 (Act 990), we co-ordinate the sale or acquisition of the State’s Interests in Specified Entities, advise the Minister for Public Enterprises and assist the Minister for Finance to oversee same. We have not received a request for no-objection for the sale or divestment of shares in CBG; therefore, we have not recommended the sale of CBG.
3. CBG’s performance and financial position remain strong, and there is no cause for concern among depositors.
4. We urge the public to disregard these reports because they are without merit.
5. SIGA remains fully committed to ensuring accountability, transparency, and good corporate governance across all Specified Entities, including CBG.

Issued by the Corporate Affairs Division