An executive of the Agriculture Development Bank Wokers' Union of the Union of Industry, Commerce and Finance (UNICOF)   has intimated to Pulse Business that they are considering embanking on a strike and a demonstration to kick against the dismissal of their colleagues by management of the bank.

The bank has also dismissed an unspecified number of staff  who  it said engaged in various acts of operational indiscipline in the discharge of their duties since actions contravened the bank’s policies and procedures.

A statement issued and copied to Pulse Business on  Wednesday by the bank's Marketing and Communication Department said the staff were laid-off as per the bank's policy and in line with the relevant labour laws, adding the " affected workers have been compensated with packages".

However, the executive member of Unicof who spoke to Pulse Business under conditions of anonymity said they believe their members are being vilified for their agitation against the bank's initial public offering.

" Even though we are yet to take a final decision, we will continue to assess the situation, reassess the reasons the bank is giving for their dissimilar based on which we will take an emphatic decision. But definitely we will not ignore this move by the bank, the source said."

The Unicof  executive added that the move by the bank is a contravention of the agreement with the Trades Union Congress not to dismiss any of the workers who kicked against the bank's IPO.The statement by ADB said the decision was taken by the management earlier this year at its retreat in Akosombo and involved all various stakeholders after which the Board gave approval for its implementation.The decision, according to the bank, "is aimed at ensuring growth, strength and sustainability of the bank moving forward. We are in a very competitive market and there is the need to re-align our operations and strategic objectives to remain on top as one of the best performing indigenous banks in the country.” The Management of the bank wishes to assure all its stakeholders, customers and general public of its commitment towards working to maintain high disciplined standards and efficiency to ensure that the bank continues to serve the Ghanaian public.