[ 2015-05-01 ]

Mahama intervenes in ADB brouhaha
President John Mahama has directed the Minister of
Employment and Labour Relations to meet with
workers and management of ADB to resolve the
problems facing the bank.

He said it was his belief that the protestations
by the workers over the decision of managers of
the bank to raise money through an Initial Public
Offer have been caused by miscommunication.

Speaking at this year's May Day celebrations in
Accra, the president he believes the issues can
best be dealt with at a meeting between all the
contending parties supervised by the minister,
Haruna Iddrisu.

ADB has been in the news lately following
agitation by workers of the publicly-owned bank
against decisions of the managers.

Concerns over dwindling fortunes of the Bank have
caused the staff of the bank to push for the
dissolution of its board.

The workers have also demanded the immediate
dismissal of the bank's Managing Director, Stephen
Kpordzih.

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.

Also, the workers say plans to sell the bank's
current Head Office building known as ADB House -
located on the Independence Avenue in Accra - is
beyond their comprehension.

Managers of ADB say they have suspended plans to
sell the head office.

There were initial reports that head office had
been sold for $10 million with the new rented
office cost the bank GHC1 million a month.

Managers of the bank had confirmed that they were
in the process of sealing a sale agreement with a
company which offered the highest bid for the
facility.

It has now suspended those plans.

Source - Joy News

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