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
-
Hawa Koomson pledges experienced and mature leadership of NPP women’s wing
1 hour -
Young woman found dead at Kasoa Peace Town
2 hours -
Playback: The Law examined lawful arrest in Ghana
2 hours -
Mahama urges African governments to treat healthcare as an investment, not budget cost
3 hours -
Bawumia congratulates John Boadu and new NPP executives, pledges support ahead of 2028
3 hours -
‘No talent should be left out’ – Bawumia pledges inclusive NPP campaign for 2028
3 hours -
Prof. Mike Oquaye recounts how he blocked the Special Prosecutor’s attempt to arrest Bawku Central MP
3 hours -
Make health sovereignty a priority for Africa – Mahama
3 hours -
Dorimon Naa, Wa West DCE lead massive clean-up exercise; threaten sanctions against recalcitrant residents
3 hours -
Photos from Adom FM Y2K Jam
4 hours -
Praye Tiatia steals the show at Adom FM Y2K Jam [Watch]
4 hours -
Boakye Agyarko congratulates John Boadu, pledges support for NPP leadership
4 hours -
Antwi HiMight thrills fans with Antwi ne Antwi hits at Adom FM’s Y2K Jam [Video]
4 hours -
Amb. Edward Boateng congratulates Boadu, Kodua on election wins
5 hours -
John Boadu pledges to rebuild NPP from grassroots and restore ‘winning machinery’
5 hours