Some 164 staff of the defunct UT and Capital banks staff who were absolved by the GCB bank have been sacked from the company over their secondary school results.

Even though some of the affected personnel have proceeded to acquire masters degrees, they are being sacked over their WASSCE and SSSCE results, a former staff of the defunct banks has told Morning Starr.

“Some of our colleagues were also absorbed by GCB and later given termination letters. It means they have been laid off twice. There are 164 of them affected by the action. The termination letters did not state the reasons why they were being dismissed. GCB mentioned some of our colleagues failed their exams.

“We have asked GCB to publish the results of these staff who were laid off but they have not been able to do so as we speak.We want GCB to respond to our letters so we can know the way forward,” Raymond Acquah told Francis Abban on the Morning Starr Tuesday.

He said the affected staff are considering a legal action to seek justice from their employer.

The Bank of Ghana revoked the two banks’ licenses due to severe impairment of capital on August 14, 2017, and appointed Messrs Vish Ashiagbor and Eric Nana Nipah – both Directors of PwC – as Joint Receivers for the purpose of winding-down the two banks’ affairs.

GCB Bank was authorised by the Bank of Ghana to take over management of the defunct banks under a Purchase and Assumption Agreement.