Articles > Business magazines > International magazines > African Business articles > March 1996

Article: Ghana's oldest bank on sale. (Ghana Commercial Bank)

Article from:
African Business
Article date:
March 1, 1996
Author:
Copyright

Ghana Commercial Bank faces a challenging future as it gears up for privatisation. Mike Afrani reports on the trials ahead, and the rather bizarre way the timetable for divestiture was announced...

Sunday is not traditionally the time for details of a privatisation to emerge, but as Ghanaians families gathered around their televisions to watch their favourite soap-opera, Obra, little did they know that their evening's entertainment would include the revelation that Ghana's oldest and most respected bank, the Ghana Commercial Bank (GCB), is just about to be privatised.

One of the 264 companies on the Ghanaian Government's list for privatisation, everyone knew ...

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