Staff of the Agricultural Development Bank (ADB) have agreed not to wear red arm bands in protest over the sale of the bank’s headquarters, poor performance and the decision to enlist on the Ghana Stock Exchange.

This is meant to be a compromise in their stand-off with the management of the bank.

“We have agreed to hoist red flags anywhere that we register our protest but we will not wear them on our bodies as a sign of goodwill” and in view of government's intervention in the industrial stand-off, General Secretary UNICOF  told Joy News.

Workers of the ADB insist they will not back down on their demand for the dismissal of the managing director and the dissolution of the board.

Leaders of the workers are not convinced of government’s intervention which has resulted in the suspension of plans to sell off the bank’s headquarters and enlistment on the Ghana Stock Exchange.

“When the minister says that ADB house should not be sold, that is talk. We need evidence to show that it will not be sold” he said.

The Labour and Employment minister Haruna Iddrisu has also directed engagement between the staff and management to build consensus before enlisting on the GSE.

But the staff say they “have not received any notice [from management] that there will be engagement”.

He dismissed government’s directives as “only intentions”.

He called for proper communication between management and the workers as a progressive step to resolve the impasse.

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