Confusion at ADB Haruna Iddrisu directed to solve ADB impasse

Minister of Labour has been tasked to move an urgent meeting to solve impasse between management of ADB and its staff.

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President John Mahama play

President John Mahama

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President John Mahama has directed Labour and Employment Minister to meet and resolve the problems between workers and management of the Agricultural Development Bank.

He said “I have tasked the Minister of Employment and Labour Relations call an urgent meeting with the management and staff to resolve any misunderstanding existing”.

Addressing labour unions at the 2015 National May day parade in Accra, President John Mahama said the issues can best be dealt with at a meeting between all the contending parties.

There were outrage by staff of the bank who expressed dissatisfaction by the management's move to sell its head office in Accra for $ 10 million and and rent a new office for GH¢1 million per month.

Management of the bank, however, said the decision was a prudent one because about 40% percent of the head office staff were housed in other buildings in the city.

Another key issue of concern to the workers of the state-owned financial institution is the alleged sale of its landed properties in prime locations such as Airport Residential Area, Roman Ridge, Sakumono, among others.

The workers are demanding immediate reversal and unconditional sale of the ADB House as well as suspension of the Initial Public Offer (IPO) of its assets.

The workers have also demanded for a comprehensive forensic audit to be conducted within the shortest possible time into the activities of the Board and the Managing Director.

But management has debunked reports that the bank's head office has not been sold.

The Managing Director, Stephen Kpordzih said the bank had to relocate its headquarters at ADB house off the Independence Avenue in Accra due to lack of space. He said they needed a “bigger place” to see to the daily operations of the bank hence the need to search for a new place.

He noted that the bank pays $37 per square metre at the new office and that comprises the furnishings and the space adding that, ADB has paid Gh¢5.6 m in six months as rent at the Accra Financial Centre (AFC).

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