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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    We want Ghanaians to own 30% of MTN Ghana shares by end of 2022 – GROUP CEO

    Ghana’s 2022 economic outlook to remain positive; GDP projected to grow by 5.3% – AfDB report

    African governments tasked to look within the continent in their bid for transformation

    COCOBOD closes purchases for 2021/2022 main crop cocoa season

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

  • TECHNOLOGY

    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Take control of financing on the continent – Ofori-Atta to AfDB

    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

    Seth Terkper advises against e-levy; urges government to run to IMF

    AfCFTA members conclude negotiations on rules of origin to enhance free trade

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ADB sacks 15 management staff

bycitibusinessnews
November 11, 2015
in Banking And Finance, Business, Top Stories
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ADB has sacked 15 of its management staff in what it says ‘is as result of its new organizational structure’.

[contextly_sidebar id=”upsqtIJiH8g0o9TF5MXGjGeSnPYqE6eL”]The 15 workers Citi Business News can confirm were handed over their dismissal letters this morning.

Citi Business News last month reported of moves by the bank to sack some 100 workers who engaged in a sit down strike.

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The workers under the instruction of the Professional and Managerial Staff Union and the Local Union of the bank on May 28th this year embarked on a sit down strike to press home their demand for the resignation of the bank’s Board members and the Managing Director, Stephen Kpordzih.

A memo cited by Citi Business News today 11th November, 2015 and signed by the bank’s Managing Director Stephen Kpordzih and Executive Head of Human Resource Akwelley A. Bulley to the bank’s Remunerations Committee said the services of the 15 staff members were no longer needed by the bank as ‘their roles have fallen away’ and so needed to be sacked.

The dismissal of the workers will cost ADB close to 4 million cedis as the bank will have to pay the workers some 3,989,199.00 in severance packages.

Crucial departments of the bank have been affected by the dismissals including marketing, treasury, retail banking and operations.

Citi Business News confirm the specific positions affected included one executive director, head of marketing, chief risk officer, risk manger, head asset finance, asset and liability manager, manager domestic clearing, executive head finance and planning among others.

–

By:  citifmonline.com/Ghana

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