Audio By Carbonatix
Some interested parties opposed to TTB’s take over by ECOBANK are seeking presidential intervention to halt the deal. They include some contractors, businesses and interest groups.
They are arguing that the takeover if allowed to go through will see SSNIT’s holding and influence in the new ECOBANK/TTB reduce drastically and also reduce the Trust’s returns. This, they believe will also have negative implications for pensioners and Ghanaian workers.
The parties are therefore rather proposing a mechanism that will allow TTB to merge with other local banks to maintain Ghanaian ownership or a buy-out of SSNIT’s interest in The Trust bank. These concerns were contained in a letter sent to President Mills copied to Parliament, Finance minister and leaders of all the political parties.
The organized group insists the long standing support extended by TTB to small businesses will collapse if the deal is sealed because ECOBANK cannot sustain it.
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
-
High Court adjourns GH¢431.8m NSA fraud case involving Osei Assibey Antwi
5 minutes -
Tema Shipyard reclaims regional edge with 55% growth, renewed confidence
7 minutes -
Prioritise public education on legal aid to support vulnerable persons – Presbyterian University VC
22 minutes -
Kurt Okraku commiserates with Berekum Chelsea after fatal armed robbery attack
23 minutes -
78% of NDC delegates worried about jobs, but majority remain optimistic – Global InfoAnalytics poll
27 minutes -
Traceability is the new currency of global cocoa Trade
31 minutes -
Asiedu Nketia holds lead in NDC race but Ato Forson closing gap fast – Poll
44 minutes -
Collaboration across sectors key to tackling MoMo fraud — MobileMoney Ltd CEO
46 minutes -
President Mahama commends Catholic Church for role in Ghana’s development
50 minutes -
Canadian PM Carney on verge of Liberal majority gov’t as votes cast in three by-elections
51 minutes -
UK could adopt EU single market rules under new legislation
52 minutes -
Ghana Shippers’ Authority CEO to meet association of Port Transport Drivers over intended strike
53 minutes -
MTN Ashantifest musical concert lives up to bill
58 minutes -
Ninani Group launches D. A. Twum Jnr. Fellowship to address skills gap in creative industry
1 hour -
Independent assessment by Lands and Mines Watch backs Heath Goldfields for mining operations
1 hour