Standard Charted Bank Ghana has denied reports that 600 of its staff have been laid off.

In a statement, the bank said it is “in the process of closing two of its branches, namely Tudu and Westlands, with a total headcount of twenty-seven (27)”, adding that: “All stakeholders have been duly notified”.

The statement issued by the Head of Corporate Affairs, Brand and Marketing, Asiedua Addae, said: “As with all branch closures, we will aim at redeploying as many of the impacted employees as possible”.

StanChart is leading international banking group, with a presence in 60 of the world’s most dynamic markets, and serving clients in a further 85.

The bank’s purpose is to drive commerce and prosperity through its unique diversity, and its heritage and values are expressed in its brand promise, Here for good.

Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.