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.

  • Published:
President John Mahama play

President John Mahama

24/7 Live - Subscribe to the Pulse Newsletter!

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).

Recommended Articles

Recommended Videos





Top Articles

1 COCOBOD Matters Hackman shocked over GHc 70,000 salary for COCOBOD CEObullet
2 Cars for MDA's Prez Nana Addo halts purchase of new vehicles indefinitelybullet
3 Photos Nana Addo’s daughters throw him a birthday partybullet
4 Pension Pay 40 former MPs drag govt to court over pension paybullet
5 Mike Oquaye Ghana's Speaker of Parliament is a "big fool" -...bullet
6 AMERI Power Plant Here is the full report on the $510m...bullet
7 REGSEC Coordinator Attack Delta Force Leader apologises to...bullet
8 Wrong Robbery Suspected armed robber electrocuted at Oyarifabullet
9 Sexual Abuse Lady accused of abusing pal with 'dildo'...bullet
10 AMERI Deal AMERI Power agreement was not fraudulent -...bullet

Top Videos

1 Ghana@60 Agya Koo embarrassed Ghana at Independence Day - Asiedu Nketiabullet
2 Video Metro Mass bus catches fire on Cape Coast-Kasoa highwaybullet
3 Prophecy I predicted Kintampo accident - Prophetbullet
4 In Zimbabwe President Mugabe’s 70 year-old aide marries his...bullet
5 Meet "The Beast" President Obama's Cadillac that's more tank...bullet
6 Meet Aisha the female mate who aspires to be a driverbullet
7 Obinim What happen'd when we fact checked Obinim's Bible...bullet
8 Health Alert Fufu is killing Africans - Mensah Otabilbullet
9 Video Taxi driver terrified after an encounter with a ghostbullet
10 Vitiligo Enam Honya - is challenging what you think...bullet

News