Barclays Ghana says operations to continue

Barclays Ghana Limited has assured Ghanaians and their customers that it is not closing its operations in Ghana.

Patience Akyianu, Managing Director, said Barclays Ghana was a profitable business that was well capitalized, and customers should not be worried about the safety of their funds.

"The strategy for Barclays Africa Group in Ghana has not changed and the bank's operations will continue as usual, because the Group continues to see the Barclays Ghana franchise as a sound and solid business unit," the managing director said in a statement Friday.

"We have continued to grow our Ghana business for almost a century of existence in Ghana, offering our customers cutting-edge financial solutions. We are in a strong liquidity position and we will continue to ensure that we deliver services and value to all our stakeholders," Akyianu said.

"We are in Ghana to stay, so I will like to assure all Ghanaians and especially our cherished customers that nothing has changed in view of the announcement made by Barclays PLC," she added.

Barclays on Tuesday announced its intention to sell down their 62.3 percent stake in Barclays Africa over 2 to 3 years.

According to the CEO of Barclays PLC, Jes Staley, the decision has been driven entirely by the regulatory pressures Barclays PLC faces, including the level of capital they are required to hold in respect to their shareholding in Barclays Africa.

Akyianu said the decision of Barclays PLC was not a reflection on the strategic direction or performance of Barclays Africa or Ghana.

"Our future as Barclays Ghana is very bright and our ambition to be the market leader remains unchanged," she said. Enditem