Audio By Carbonatix
Government says it may open investigations into concerns raised by workers of the Agricultural Development Bank (ADB) over alleged malfeasance at the state-owned bank.
Employment and Labour Relations Minister, Haruna Iddrisu, says a meeting with the workers union Tuesday will determine whether the government will open fresh investigations into operations of the bank.
The ADB workers claim there are plans by the bank's board to sell off its headquarters and use the proceeds to rent a private facility, a move they say is not financially prudent.
The headquarters will be sold at 10 million dollars while the new office will be rented at one million cedis a month. The bank is still negotiating the deal.
The General Secretary of the workers union, John Esiape told Joy News management of the bank has not been consistent with information relating to the new direction of the bank.
The workers have hinted of a nationwide demonstration to demand the removal of the bank's MD, Stephen Kpodzih and the dissolution of the board.
According to them, both the MD and the Board of Directors have not been acting in the best interest of the bank.
"The MD has gone round the country and spoken to staff on many issues: policy, operations, unrecoverable loans and so on. And almost all the issues have turned out not to be true and staff are quite apprehensive", said Mr Esiape.
The bank is also in disagreement with the Minority in Parliament over whether or not it requires an approval of legislators to float shares and list on the Ghana Stock Exchange.
Latest Stories
-
U.S immigration tribunal independent, not swayed by protests – Prof Appiagyei-Atua
7 minutes -
Ghana-China trade hits $15bn as Vice President bids farewell to outgoing Chinese Ambassador
18 minutes -
Vote a flagbearer who prioritises Ashanti Region to restore dominance – NPP delegates told
20 minutes -
Public barred from Ken Ofori-Atta’s US Immigration court hearing
27 minutes -
The GoldBod and the strategic realignment of national resource governance: A macroeconomic and comparative analysis
30 minutes -
Legacy of impact: Richard Nii Armah Quaye cemented as a Titan of Industry in the 2025 Ghanaian Powerlist
43 minutes -
Ken Ofori-Atta’s U.S. immigration case hearing
2 hours -
CCC’s StartWell Conference 2026 to champion transformational leadership
2 hours -
Honour Yaw Sarpong’s legacy – Kumasi residents urge MUSIGA, gov’t
2 hours -
Protests at US Embassy won’t expedite Ofori-Atta’s return – Frank Davies
2 hours -
QNET commends law enforcement, welcomes convictions, reaffirms zero tolerance for fraud and brand misuse
2 hours -
VORSAG-GCTU celebrates Opong-Fosu for exemplary leadership
3 hours -
Savage 4 releases ‘Abonten’ with Novelist and Smallgod, ushering in Ghana Grime
3 hours -
Graham Ankamafio named in FC Copenhagen squad for Champions League clash with Napoli
3 hours -
Photos: Fire destroys shops around Royal VVIP bus terminal at Kwame Nkrumah Circle
3 hours
