Pulse.com.gh logo
Go


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:

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 2018 Budget Review Prepare to pay 35% tax if you earn 10k and abovebullet
2 Taxes In Ghana Don't rejoice; VAT has been hiked through ‘backdoor’ –...bullet
3 2018 Budget Review Gov’t imposes tax on luxury vehiclesbullet
4 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions...bullet
5 Kwabena Duffuor Official: Duffuor’s assets not being auctionedbullet
6 Economy Of Ghana Finance Minister presents mid-year budget...bullet
7 Investment banks in Ghana Top 5 investment banks in Ghana...bullet
8 Uche Ofodile Captain Planet’s wife heads MTN Liberiabullet
9 Full Text 2018 mid-year budget review presented by Ken...bullet
10 Education Top 5 private high schools in Ghana...bullet

Top Videos

1 New Discovery Ghana discovers new mineral, lithium in commercial quantitiesbullet
2 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
3 Forbes 2018 Africa's billionaires rich listbullet
4 Money Alert Meet Africa's richest womanbullet
5 Tech 6 reasons you should buy an iPhone SE instead of any of the...bullet
6 Support Finance minister buys Kantanka carbullet
7 Plane Crash Starbow suspends operations following plane crashbullet
8 Bozoma Saint John 10 quotes from Uber top official,...bullet
9 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet

Business