GCB Change Its Cooperate Name- Check It Out

has intercepted a communique from the Ghana Commercial Bank Limited on the decision to change of name of the bank.

Read full details here;

This is to officially inform the general public and stakeholders that the corporate name of the Bank has been changed from GCB Bank Limited to GCB Bank PLC as per a resolution passed by the shareholders of the Bank at its Annual General Meeting on 25th March 2021 and subsequent publication of the new name on the 1st November 2021 in the Commercial and Industrial Bulletin No 48 on page 406.

The change was mandated by the coming to force of the Companies Act, 2019 (Act 992) section 21 (b) which directs the last words of the corporate name of public companies limited by shares to be Public Liability Company or the abbreviation PLC.

The corporate name is, therefore, GCB Bank PLC, and as such going forward the Bank shall be referred to as GCB Bank PLC in all future publications and contracts with third-party providers However, by section 21 (14) of Act 992, the name change shall not affect the rights or obligations of the company or render defective legal proceedings by or against the company. Hence, for existing agreements and contracts that bear the Bank’s old name, their validity will not be affected by the use of the Bank’s new name.