
Audio By Carbonatix
The Public Services Workers Union (PSWU) of the Ghana Trades Union Congress (TUC) has opposed attempts by the Government to divest its interest in the Agricultural Development Bank (ADB).It was the view of the union that due to the "crucial role" ADB plays in national development and especially against the backdrop that agriculture remains the mainstay of the Ghanaian economy, it would not be right for the government to sell its shares in the bank.It said: “We would like to caution government that the Agricultural Development Bank is playing a crucial role in the nation's agriculture sector which is the back bone of the national economy".Mr Abraham Tetteh Okine, General Secretary of the PSWU said this in an address to delegates attending the Eastern Regional conference of the union at Koforidua on Friday.According to the General Secretary, the PSWU is not only against the alleged take over, but also in the interim wants the Government "to come clear about its intentions so as to defuse the unnecessary tension that is being built by the workers and the section of the populace" as a result of the allegation.Stanbic Bank recently expressed its intention to stake a majority claim in the Agricultural Development Bank but the PSWU would rather prefer a re-capitalization of the bank."We sincerely prefer the re-capitalization of the bank (ADB) to enable it continue to play its role in the agriculture sector," Mr Okine added.Mr Okine also appealed to the Ministry of Labour, Manpower and Youth to expedite work on the Legislative Instrument (LI) on the Labour Act, explaining that recent labour unrest in the country "was partly due to the non-availability of the LI".He appealed to all members of the PSWU to help give it a new outlook and image in line with the exigencies on the labour front.Source: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Mahama outlines plans to elevate Kwahu Business Forum
4 minutes -
Ghana’s disinflation drive came at significant cost – BoG Governor
14 minutes -
Prudential Life settles GH¢100,000 medical bills under its PRUCares Valentine Experience Initiative
6 hours -
Wa West Picnic: Peter Lanchene Toobu champions peace, health and unity in landmark celebration
7 hours -
Dr Mensah Market flooded after downpour in Kumasi
7 hours -
Armed men reportedly storm Adjen Kotoku Onion Market amid tensions
8 hours -
Tecco Mensah writes: Why football fans must look beyond statistics
8 hours -
Police recover stolen Honda CR-V in Kumasi within 48 hours
9 hours -
Apetorku Gbodzi 2026 Festival opens in Dagbamete with development focus
9 hours -
President Mahama arrives in Lyon to co-chair One Health Summit
9 hours -
Beverly View Plus Hotel draws crowds amid coastal Easter rush in Volta
9 hours -
Maiden Zongo Festival held in Wa amid calls to tackle drug abuse among the youth
10 hours -
FDA warns of fake HIV test kits on Ghanaian market
10 hours -
Africa urged to build resilient health systems as donor support tightens
10 hours -
Easter gesture: Ablakwa settles medical bills for 85 North Tongu constituents
12 hours