The Bank of Ghana has redirected the website of UT and Capital bank to the web page of the central bank.

This follows the BoG’s approval of a Purchase and Assumption transaction with GCB Bank Ltd that transfers all deposits and selected assets of UT Bank Ltd and Capital Bank Ltd to GCB Bank Ltd.

READ MORE: UT workers locked out

According to the BoG, the move has become necessary due to a severe capital impairment of the two financial institutions.

The Facebook account of UT Bank has been taken down whiles Capital bank's account is still active.

READ ALSO: GCB takes over UT Bank and Capital as BoG withdraws licenses

Some staff of the GCB Bank are supervising the removal of logos of UT Bank and Capital bank.

The logos of the two banks are being replaced with that of GCB Bank.