Pulse.com.gh logo
Go


Final Notice ADB workers threaten to demonstrate if MD is not fired in 7 days

In a statement released by the group and signed by the chairman, Mark Imoro, the group accused government of “ acting in bad faith”.

  • Published:

Workers of the Agriculture Development Bank (ADB)  are up in arms about government’s refusal to fire the Managing Director of the bank, Stephen Kpordzi for all allegations of mismanagement leveled against him.

READ MORE : ADB saga: ADB in financial woes - Board

The professional and Managerial Staff Union and Local Workers Union are also calling for the report of the audit conducting the bank’s financial transactions since Mr. Kpordzi took over made public, failure of which will lead to a massive demonstration.

READ THIS : Controversy: ADB workers strike illegal - Management

In a statement released by the group and signed by the chairman, Mark Imoro, the group accused government of “ acting in bad faith”.  According to the chairman, the workers are motivated to fight corruption being perpetrated in the bank. He added that the Managing Director  must be made to step aside because his contract has expired.

READ MORE : Confusion at ADB: Haruna Iddrisu directed to solve ADB impasse

The chairman of the Professional and Managerial Staff Union and Local Workers Union revealed that workers in the Tema Branch of the Bank have threatened to strike if government does not  fire the MD Stephen Kpordzi.

The Agriculture Development Bank has come under a lot of scrutiny in the past three months due to a chain of decisions taken by the management.

The management decisions which were aimed at turning the fortunes of the bank have backfired. The management’s decision to dispose of its head office building for an alleged amount of $10 million and rent a new place for GhC1million,  pay $100 a month for each vehicle parked in the building, coupled with the decision of the bank to issue an IPO, forced the unionised workers to question the deal.

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 Breaking Otabil finally breaks silence on banking controversiesbullet
2 Investment banks in Ghana Top 5 investment banks in Ghana and why you...bullet
3 Banking Crises Sahel Sahara and Omni Bank become latest to mergebullet
4 Nana Appiah Mensah Menzgold boss apologises to BoG after Twitter rantbullet
5 Increment Fuel prices to go up again – IESbullet
6 Incompetence Otabil wasn't qualified to be Capital Bank Board...bullet
7 Bank Collapse Capital Bank Board misused GHC 610 million...bullet
8 Banking In Ghana Stranded customers of First Allied...bullet
9 Capital Bank Collapse Here are the roles of a...bullet
10 Collapsed Banks Here are the auditing firms for the 7...bullet

Top Videos

1 Former Capital Bank staff grills pork for survivalbullet
2 Forbes 2018 Africa's billionaires rich listbullet
3 Money Alert Meet Africa's richest womanbullet
4 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
5 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
6 Support Finance minister buys Kantanka carbullet
7 Plane Crash Starbow suspends operations following plane crashbullet
8 New Phones Nokia MWC 2018 Event in 5 minutesbullet
9 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
10 Video We are determined to move Ghana beyond aid - Bawumiabullet

Business