Dr. Mensah’s nomination is subject to approval by the Board of Directors of the bank.

If approved, he will take over from Mr. Daniel Asiedu, who was appointed MD of the bank on March 1st 2016.

Despite a short stint at the bank, Mr. Asiedu who was a former MD of Zenith Bank Ghana, is credited with adb’s listing on the Ghana Stock Exchange in 2016.

This was despite massive opposition from some stakeholders, a challenge his predecessor Stephen Kpodzi had to contend with before his resignation in January 2016.

It is unclear where Mr. Asiedu will be heading to.

John Kofi Mensah holds a Doctor of Business administration (DBA) Degree from the Swiss Management Centre University, Switzerland.

He also holds an MSc. degree in Banking and Finance from FINAFRICA in Milan, Italy and a BA degree in Economics and Statistics from the University of Ghana, Legon.

He has over twenty-six years experience within the banking industry with special expertise in Treasury Management, Credit Management, Foreign Operations and nurturing new and distressed banks and financial institutions.

He is credited with the transformation of  First Capital Plus into a bank from a savings and loans company.

Prior to joining First Capital, he was the Deputy Managing Director of uniBank Ghana.

Prior to joining uniBank, he worked at International Commercial Bank as the General Manager/Deputy CEO, and supervised the organic growth of the bank.

He has also worked with the erstwhile Bank for Housing and Construction, and the Securities Discount Company Limited.

–

By: Vivian Kai Lokko/citibusinessnews.com/Ghana

The post President nominates Dr. Kofi Mensah as MD of adb appeared first on Citi 97.3 FM - Relevant Radio. Always.

The aggrieved workers are alleging that, their MD and Human  Resources Manager, Mary Koppisah, have protected the company’s Head of ICT, Godfred Aboagye, to embezzle funds belonging to the company.

The workers were demonstrating on Thursday morning, where Citi News’ Phillip Nii Lartey spoke to a worker who alleged that the Head of ICT had been involved in some dubious deals “that have caused a lot of financial loss to the country.”

He also stated that, the main reason they were calling for the MD and Human Resources Manager to be sacked, was because they have failed to act on the workers’ concerns.

“We have consistently spoken to them about the head of ICT and his attitude, but anytime the union comes out to talk about the head of ICT, they will come out and defend him,” the worker complained.

Retirees owed benefits

The worker also lamented that, some retirees were to receive some benefits owed them since 2012.

The workers’ provident fund that management is supposed to support, has also been in arrears for the past 20 months, according to one of protesters.

“So it ends up making the worker worse off in the sense that, this problem fund should be put in investments so that when the worker is going, he can get some huge sum of money to keep himself up. But it is being held for the past 20 months… So we feel that management is not giving workers what they deserve. They are not after the welfare of workers.”

–

By: Delali Adolgla-Bessa/citifmonline.com/Ghana

The post Ghana Post MD must be sacked – Workers demand appeared first on Citi 97.3 FM - Relevant Radio. Always.

He takes over from Mr. Robert Kow Bentil who retired from the Bank on 31st August, 2016.

Mr. Osei Asafo-Adjei was until 30th June 2016, Executive Director, Corporate Banking Division of HFC Bank Ltd.

He previously worked in senior management positions with The Trust Bank as General Manager, Business Development, Head Corporate Banking and Head, Corporate and Commercial Banking between January 2004 and May 2012.

He started his banking career as a Credit Officer with Agricultural Development Bank (ADB) in July 1993.

He has attended several courses, seminars and Executive Development Programmes on Global Trade Finance, Corporate Finance, Trade & Investment, and Customer Care Relations in Portugal, South Africa, Turkey, Belgium among others.

Mr. Asafo-Adjei holds a Master of Philosophy degree in Agricultural Economics from the University of Glasgow, Scotland, a Diploma in Development Studies from University of Cambridge, England and a Bachelor of Science in Agricultural Economics from the Kwame Nkrumah University of Science and Technology, Kumasi-Ghana.

In another development, the Board of Directors of the Bank have also appointed Mr. Lawrence Newton Adu-Mante as the Acting Chairman of the Board with effect from 1st December, 2016.

He takes over from Dr. Kofi Koduah Sarpong, who resigned from the Bank with effect from 30th November, 2016. Mr. Adu-Mante is a Banker with over thirty seven (37) years experience.

He worked in various Executive Management positions with the Ghana Commercial Bank Limited (GCB) including the position of Managing Director.

Mr. Adu-Mante holds a Bachelor of Science (B.Sc.) Degree in Economics from the University of Ghana and a Master of Business Administration (MBA) with specialization in Finance and Strategic Management from the Cardiff Business School, University of Wales.

He is also a Fellow of the Chartered Institute of Bankers (FCIB) Ghana.
–
By: citifmonline.com/Ghana

The post The Royal Bank appoints Osei Asafo-Adjei as new MD appeared first on Citi 97.3 FM - Relevant Radio. Always.