• Submit article
  • Your News
  • Advertise
  • My LiStingGh
Monday, March 1, 2021
25 °c
Labadi
28 ° Tue
27 ° Wed
28 ° Thu
28 ° Fri
  • Login
  • Register
The New Crusading Guide Online
  • Home
  • Politics
  • News
  • Africa
  • World
  • Business
  • Lifestyle
  • Tech
  • Entertainment
  • Your News
  • More News
No Result
View All Result
  • Home
  • Politics
  • News
  • Africa
  • World
  • Business
  • Lifestyle
  • Tech
  • Entertainment
  • Your News
  • More News
No Result
View All Result
The New Crusading Guide Online
No Result
View All Result
Home Business

ADB Staff Union Goes Wild …Over ADB/NIB Merger

News Desk by News Desk
November 21, 2018
in Business, News
Reading Time: 3min read
A A
0
730
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

By Our Reporter

 The Professional and Managerial Staff Union (PMSU) of the Agricultural Development Bank (ADB) says it opposes the proposed merger of the Bank with the National Investment Bank (NIB).

The PMSU said the ADB was strong and had the muscle and all the human resource capital it required to stand alone and to run the Bank to make profit and ensure sustainability.

Mr. James Obeng-Gyan, the Chairman of the ADB PMSU, revealed this at the ADB PMSU/Local Union of the Union of Commerce, Industry and Finance Workers (UNICOF) Joint National Executive Council Meeting at the weekend in Accra.

Related posts

“SAME-SEX MARRIAGE WILL NEVER BE LEGALISED IN MY TIME AS PRESIDENT”  – PRESIDENT AKUFO-ADDO

“SAME-SEX MARRIAGE WILL NEVER BE LEGALISED IN MY TIME AS PRESIDENT” – PRESIDENT AKUFO-ADDO

March 1, 2021
World Bank Debunks Alex Mould’s Lies- Denies It Played Any Role In Dumsor IPPs

World Bank Debunks Alex Mould’s Lies- Denies It Played Any Role In Dumsor IPPs

March 1, 2021

The meeting was on the theme: “Ensuring Sustainable Growth of ADB: The Role of the Unions.”

Mr. Obeng-Gyan said looking at the balances of the two institutions, the ADB was much stronger than the NIB in terms of profit.

He said the ADB had lots of outstanding facilities valued at not less than GHC 300 million with Unibank and the Sovereign Bank, which were taken over by government to form the Consolidated Bank.

    “We believe that government, by taking over these banks, has the responsibility of both its assets and liabilities and should pay ADB its debt to make it stand on its own,” Mr Obeng-Gyan said.

    “It would be good that the Government comes in to support ADB with this funds whilst we also chase other customers who have defaulted in our loan facilities.”

He advised government to focus its attention on recapitalising the ADB by resourcing it financially to perform to the expected heights adding that it will repay whichever money that was used for the recapitalisation.

Mr. Obeng-Gyan said the previous leadership did not manage the Bank properly, adding; “Under the current management led by Dr John Kofi Mensah, Managing Director (MD) of the Bank, and with the support of the leadership of the Union and staff, ADB is growing stronger.”

ADB’s core mandate was to support agri-business and agro-processing, he said, and cautioned government not lose sight of the ADB oversight responsibilities of supporting government’s flagship programme; Planting for Food and Jobs, and the Planting for Crops and Exports.

Mr Obeng-Gyan said shares of the Bank were being floated erroneously, whilst so much loan facilities, which could be injected to help the Bank, were given out.

He said: “Managers who advance those facilities are still at post and show no interest in recovery, and we thought that government will have conducted investigations to know the circumstance at which these facilities were approved.”

“I can confidently confirm that the current MD is doing something about that and we are hopeful that very soon a lot of these facilities will be recovered, but we are confronted with time as an enemy”.

Mr Obeng-Gyan assured the Government that going forward into 2019, the ADB would become one of the first tier in the financial industry, and the Bank’s brand alone was enough to show that it was growing stronger.

Mr Obeng-Gyan said the financial sector per blatant disregard of the Regulator’s rule by the past administration was in turbulence and that many officers including appointees from the regulator were complicit.

This he said the officers and appointee should be uncovered and and brought to book.

Mr Obeng-Gyan said, the ADB Unions raised these issues with the previous administration in 2015, but the then Governor of the Bank of Ghana returned the issues with the reward of the dismissals of some staffs.

He said the consolidated bank have not been able to acquire a routing number and to create accounts and were still using the existed account numbers from the defunct banks.

The Chairman said: “Any attempt by the government to touch ADB will make it unpopular among the farmer folks and the fishing populace. What we need from government is their support to grow the bank stronger.”

 

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

Three Envoys Call On Prez. Akufo Addo …To Bid Ghana Farewell

Next Post

Peace In Dagbon At Last! New Ya-Na To Be Installed …Funeral Rites For Both Late Ya-Na Mahamudu Abdulai & Ya-Na Yakubu Andani To Be Performed

News Desk

News Desk

Related Posts

“SAME-SEX MARRIAGE WILL NEVER BE LEGALISED IN MY TIME AS PRESIDENT”  – PRESIDENT AKUFO-ADDO
Culture

“SAME-SEX MARRIAGE WILL NEVER BE LEGALISED IN MY TIME AS PRESIDENT” – PRESIDENT AKUFO-ADDO

March 1, 2021
World Bank Debunks Alex Mould’s Lies- Denies It Played Any Role In Dumsor IPPs
National

World Bank Debunks Alex Mould’s Lies- Denies It Played Any Role In Dumsor IPPs

March 1, 2021
MINORITY FLAYS GOV’T  …Over VAT Increment Proposals
National

Minority Leader Cautions Sports Minister Designate …Not To Build Astro Turfs In A Discriminatory Manner  

March 1, 2021
Kumasi To Become Ghana’s Second Industrial City -Alan Kyerematen
National

Kumasi To Become Ghana’s Second Industrial City -Alan Kyerematen

March 1, 2021
To Mount The Witness Box Or Not…  We Can’t Compel EC To Testify-SC Rules
More News

2020 Election Petition  Let’s Accept Supreme Court Verdict …Peace Council

March 1, 2021
NPP Greater Accra Race  Archibald Leads Pack For Chairmanship   -Survey Reveals
National

NPP Chairman Again …Ignores President’s Order, Continues To Stoke Fire In Ada Over Songor Salt  

March 1, 2021
Next Post
Peace In Dagbon At Last!  New Ya-Na To Be Installed  …Funeral Rites For Both Late Ya-Na Mahamudu Abdulai & Ya-Na Yakubu Andani To Be Performed

Peace In Dagbon At Last! New Ya-Na To Be Installed …Funeral Rites For Both Late Ya-Na Mahamudu Abdulai & Ya-Na Yakubu Andani To Be Performed

Peace In Dagbon At Last!  New Ya-Na To Be Installed  …Funeral Rites For Both Late Ya-Na Mahamudu Abdulai & Ya-Na Yakubu Andani To Be Performed

Ignore NDC’s Noise! …UESD Would Remain In Somanya-Prez. Assures

Leave a Reply Cancel reply

RECOMMENDED NEWS

“SAME-SEX MARRIAGE WILL NEVER BE LEGALISED IN MY TIME AS PRESIDENT”  – PRESIDENT AKUFO-ADDO

“SAME-SEX MARRIAGE WILL NEVER BE LEGALISED IN MY TIME AS PRESIDENT” – PRESIDENT AKUFO-ADDO

23 mins ago
World Bank Debunks Alex Mould’s Lies- Denies It Played Any Role In Dumsor IPPs

World Bank Debunks Alex Mould’s Lies- Denies It Played Any Role In Dumsor IPPs

27 mins ago
MINORITY FLAYS GOV’T  …Over VAT Increment Proposals

Minority Leader Cautions Sports Minister Designate …Not To Build Astro Turfs In A Discriminatory Manner  

31 mins ago
Kumasi To Become Ghana’s Second Industrial City -Alan Kyerematen

Kumasi To Become Ghana’s Second Industrial City -Alan Kyerematen

33 mins ago

BROWSE BY CATEGORIES

  • Africa
  • Apps & Software
  • Business
  • Culture
  • Entertainment
  • Health
  • Lifestyle
  • More News
  • myblog
  • National
  • News
  • Opinion
  • Politics
  • Reviews
  • Social Media
  • Sports
  • Tech
  • Travel
  • World
  • Your News

BROWSE BY TOPICS

2018 League Africa airbus Amidu Anas Australia Balinese Culture Bali United Budget Travel Champions League China Chopper Bike coronavirus corruption Cuba Côte d’Ivoire Ebony EC Election Results entertainment Europe France galamsey Germany Ghana India Iran Israel Liberia NDC News North Korea NPP People Portugal Reviews Russia South Africa South Korea Spain Tech UK world Woyome Zimbabwe
ADVERTISEMENT
The New Crusading Guide Online

The New Crusading Guide is a privately own newspaper in Ghana with Mr ABdul Malik Kweku Baako as its Editor in Chief. We give you the latest news

Follow us on social media:

Recent News

  • “SAME-SEX MARRIAGE WILL NEVER BE LEGALISED IN MY TIME AS PRESIDENT” – PRESIDENT AKUFO-ADDO
  • World Bank Debunks Alex Mould’s Lies- Denies It Played Any Role In Dumsor IPPs
  • Minority Leader Cautions Sports Minister Designate …Not To Build Astro Turfs In A Discriminatory Manner  
  • Kumasi To Become Ghana’s Second Industrial City -Alan Kyerematen
  • 2020 Election Petition  Let’s Accept Supreme Court Verdict …Peace Council

Special Links

  • Submit article
  • Your News
  • Advertise
  • My LiStingGh

Quick Links

  • About
  • Advertise
  • Careers
  • Privacy & Policy
  • Contact
  • About
  • About
  • Advertise
  • Careers
  • Privacy & Policy
  • Contact
  • About

© 2021 The New Crusading Online - All rights Reserved. Powered by Uthink.

No Result
View All Result
  • Home
  • Politics
  • Science
  • News
  • World
  • Business
  • National
  • Sports
  • Entertainment
  • Lifestyle
  • Travel
  • Opinion
  • Tech

© 2021 The New Crusading Online - All rights Reserved. Powered by Uthink.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?