Citi Business News has gathered the Executive Director of Business Development of HFC Bank Charles Ofori-Acquah has resigned.
[contextly_sidebar id=”j2KmTGnxpGixdrmUYbD4Lnlf87Eiq7QP”]He is reported to have tendered in his resignation yesterday.
It’s unclear what led to his resignation or where he will be heading to but Citi Business News has learnt his resignation will take effect from the end of this month.
Charles Ofori -Acquah was also a board member of the bank.
He was one of three directors on the board of the bank that were expected to be removed at the bank’s botched Extraordinary General Meeting (EGM) early this year.
He together with Muriel Edusei and Francis Koranteng were to be replaced by Ebenezer Tetteh Tagoe, Paul King Aryene and Victoria Emeafa Hardcastle.
Prior to moves to get him off the bank’s board he was tipped by many as the likely candidate to replace Asare Akuffo as the MD of the bank when his tenure ends.
Sources familiar with the matter have told Citi Business News Asare Akuffo who is due for retirement in June this year is likely to step down next month.
No names have popped up yet on who is successor will be.
The bank has been in the news for close to two years now following its acquisition by Republic bank of Trinidad and Tobago whose move to take over the bank in accordance with the Securities and Exchange Commission (SEC) code on takeovers and mergers has been met with some resistance.
SEC recently gave it the green light to go ahead with the mandatory takeover offer.
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By: Vivian Kai Lokko/citifmonline.com/Ghana
