Audio By Carbonatix
The Fast Track High Court will on September 22 rule in the case in which the Managing Director (MD) of the Ghana Commercial Bank (GCB) is facing contempt for non-compliance of a court order.
The Bank is said to have failed to comply with the court order, where judgment was given on May 26, 2011, for it to pay its ex-workers their pension entitlements within 60 days.
The Court of Appeal had unanimously ruled that the GCB Bank should apply its internal mechanisms to pay the pensioners their pension entitlements.
At the sitting in Accra today, Mr Simon Dornoo, MD of the Bank, told the court presided over by Mr Justice N.M.C Abodakpi that he was unable to comply with the order because he was new in the Bank.
He also said all the documents about the ex-workers were destroyed and the Accountant who could get the information for him was also new in the organisation.
Mr Beyuo Kizito, counsel for the ex-workers, prayed the court to dismiss the explanation by the MD since it had no merit.
He said judgment in the case was given on May 26, 2011, to pay the ex-workers within 60 days and till date it was long enough for the bank to effect the payment.
The subject of litigation between the pensioners and the GCB Bank was that on February 27, 1987, the Board of Directors of the Bank accepted the retired workers' proposals and approved new pensions based on the civil servants pension of 70 per cent of the existing basic salary.
Again the Board of Directors was reported to have agreed to pay the retired workers 70 per cent of the salary of those still in active service anytime the basic salaries of those in service were increased, which was also going to be based on the position at which the pensioner retired.
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
-
Guinness Ghana DJ Awards 2026 opens public nominations
4 minutes -
Banking industry profit moderate to GH¢7.2bn in June 2026
12 minutes -
Evacuate to forestall any eventuality – GWL urges Weija residents ahead of spillage
13 minutes -
Gov’t repatriates Barosky from UK, offers psychosocial and financial support
13 minutes -
Jordan Ayew prioritised Europe over going to Saudi Arabia – Henry Asante Twum
19 minutes -
Tarkwa court jails man 15 years for defiling 14-year-old after posing as pastor
24 minutes -
Pragyia rider jailed three months for biting Community Police Assistant
33 minutes -
Travel and tour agent remanded over GH₵107,000 recruitment scam
33 minutes -
Weija Dam spillage to begin Wednesday despite residents’ refusal to evacuate – GWL
40 minutes -
CSSPS: Parent questions placement of hearing child at school for the deaf
44 minutes -
2026 U-20 WWC: Black Princesses face South Korea in must-win game
48 minutes -
GH¢3.1bn bond sale strengthens fiscal self-reliance, deepens domestic market
50 minutes -
Black Stars ‘can’t afford to miss another AFCON’ – GFA ahead of qualifiers
52 minutes -
4,574 health facilities enrolled in free primary healthcare programme
55 minutes -
Weija Dam spillage: Residents appeal for controlled discharge to minimise risks
56 minutes