False Report Stephen Kpordzih has not been sacked- ADB

According to the statement there has been no communication on renewal or otherwise from the board to the MD, Stephen Kpordzih.

  • Published: , Refreshed:
24/7 Live - Subscribe to the Pulse Newsletter!

The Marketing and Communications department of the Agricultural Development Bank has vehemently debunked news that the MD of the bank, Stephen Kpordzih has been let go.

According to an earlier media reportage on Wednesday, the board of the bank had failed to renew the appointment of Mr. Kpordzih after it ended in December.

However a statement signed by the Marketing and Communications Manager, Solomon Adu  Atefoe which has been made available to Pulse Business indicate that no such action has been taken.

According to the statement there has been no communication on renewal or otherwise from the board to the MD, Stephen Kpordzih.

The statement added that the last meeting held by the board was on the 23rd of December 2015, and nothing was discussed about the contract of Stephen Kpordzih as the MD's contract has not expired.

Here is the full statement released by ADB:



The bank took strong reservations about the reportage describing it as unprofessional and as part of what they describe as a constant attempt to run down the positive gains of the bank and malign the Managing Director.

Stephen Kpordzih's contract was extended in August 2015  for an additional 6 months when it expired. The board found it necessary to have him in the helm of affairs to oversee the launch of the company's Initial Public Offering and general restructuring which included rebranding and a relocation of its headquarters.

It is however not clear yet, whether the  MD's contract will be renewed.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos

Top Articles

1 Software Scandal EOCO indicts SSNIT managers over $72m software scandalbullet
2 Salaries In 2018 Here are the dates public workers will be paid in 2018bullet
3 Taxes In Ghana 3% VAT flat rate takes off in July 1bullet
4 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions...bullet
5 Retirement How to calculate your SSNIT pensionbullet
6 David Ampofo Writes Is Ghana's cashew another cocoa?bullet
7 NPP Government Nana Addo nominates Dr Agnes Adu as MD of GTFCbullet
8 Collapsed Banks Assets of UT Bank and Capital Bank for salebullet
9 Roads Networks Ghana has poor road infrastructure - Reportbullet
10 In Accra Susu collectors give gov’t 1 week ultimatum...bullet

Top Videos

1 New Discovery Ghana discovers new mineral, lithium in commercial quantitiesbullet
2 Forbes 2018 Africa's billionaires rich listbullet
3 Money Alert Meet Africa's richest womanbullet
4 Support Finance minister buys Kantanka carbullet
5 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
6 Bozoma Saint John 10 quotes from Uber top official, Bozoma,...bullet
7 Tech 6 reasons you should buy an iPhone SE instead of any of...bullet
8 MTN Mobile Money Adbullet
9 Video We are determined to move Ghana beyond aid - Bawumiabullet
10 Entrepreneurship How To Get Ready To Get Started |...bullet