The Ghana Commercial Bank (GCB), has rubbished claims that it effected some Ghc52 billion to unknown sources.
The bank in a statement said the story was mischievously designed to discredit them.
It added that the bank, with an international reputation, would not engage in acts contrary to the law.
Meanwhile, the Audit Service has reacted to a news report of a missing Ghc 52.5 billion which has been transferred from Ghana Commercial Bank (GCB) to unknown sources.
A statement issued by the service indicated that it has taken note of the news report and the interest it has generated.
According to the statement, the audit exercise in reference was an exercise sanctioned by Finance Minister Ken Ofori-Atta in a letter dated August 15, 2020, based on the mandate of the president.
It said the letter in circulation on the matter forms part of letters sent to commercial banks that participated in the transfers.
It added that the Audit Service intends surcharging any bank who defaulted in the tax receipts collected.
It further disclosed the Service has managed to trace with satisfaction, some of the transfers.
Read the GCB statement below