{"id":112972,"date":"2015-05-01T11:27:03","date_gmt":"2015-05-01T11:27:03","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=112972"},"modified":"2015-05-01T11:30:18","modified_gmt":"2015-05-01T11:30:18","slug":"craze-to-sell-public-assets-must-stop-tuc-to-mahama-2","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2015\/05\/craze-to-sell-public-assets-must-stop-tuc-to-mahama-2\/","title":{"rendered":"Craze to sell public assets must stop – TUC to Mahama"},"content":{"rendered":"

The Trades Union Congress (TUC) has challenged the President not to approve the rumored impending privatization of Agricultural Development Bank (adb).<\/p>\n

[contextly_sidebar id=”dr1XdgQR6sqoIG3INZ0I9J6wM2cuRBtC”]The TUC\u2019s Secretary General, Kofi Asamoah said Organized Labour is \u201creliably informed that preparations are far advanced to privatize the bank\u2026We want to appeal to you not to approve that arrangement.\u201d<\/p>\n

He made this known at the 2015 May Day celebrations at the Independence Square which is on the theme: \u201cAddressing the energy crisis; the role of organized labour\u201d.<\/p>\n

Workers of adb are demanding the immediate dissolution of the adb governing board and the dismissal of its Managing Director<\/a><\/strong><\/span>,\u00a0Stephen Kpordzih to save the bank from an imminent collapse.<\/p>\n

They further accused the adb management of\u00a0selling company assets<\/a><\/strong><\/span> including its former head office.<\/p>\n

There have been allegations that the current management stripping the bank of all of its assets to facilitate its sale.<\/p>\n

But the adb MD at a press briefing in Accra on Friday denied all these allegations<\/a><\/strong>. \u00a0<\/span><\/p>\n

Nonetheless, Mr. Asamoah pointed out that adb was created to help develop Ghana\u2019s agricultural sector \u201cwhich remains the backbone of our economy\u201d and must therefore be allowed to remain a public asset.<\/p>\n

He warned that the craze to share public assets among private businesses \u201cshould be discouraged. Our eyes are watching.\u201d<\/p>\n

The bank was set up in 1965 by Act 286 and it is one of the only two wholly publicly-owned banks in Ghana.<\/p>\n

Government owns 52% of the shareholding, with the remaining 48% held by the Financial Investment Trust on behalf of the Bank of Ghana.<\/p>\n

Privatization of ECG<\/strong><\/p>\n

There have been rumors that the government has been making preparations to privatize the Electricity Company of Ghana (ECG) due to operational challenges.<\/p>\n

The Energy Ministry has on several occasions denied this claim but on Friday, cabinet approved private participation in the operations of the company.<\/p>\n

The Deputy Power Minister, John Jinapor is quoted as saying, \u201call the properties of ECG will continue to remain as it is. What we are looking for is the skill and innovative ways that can make ECG much more efficient.\u201d<\/p>\n

The TUC boss said the introduction of private participation \u201cshould not be part of the solution to the power crisis.\u201d<\/p>\n

He was of the view that if all public institutions are made to pay their utility bills on time, there will be no need to introduce private participation in the operations of ECG.<\/p>\n

\u201cPublic assets must remain public!\u201d he said, adding that \u201cprivatization only serves the interest of profit hungry foreign investors and it will not address our energy crisis!\u201d he retorted.<\/p>\n

 <\/p>\n

By: Efua Idan Osam\/citifmonline.com\/Ghana
\nFollow @osamidan<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Trades Union Congress (TUC) has challenged the President not to approve the rumored impending privatization of Agricultural Development Bank (adb). [contextly_sidebar id=”dr1XdgQR6sqoIG3INZ0I9J6wM2cuRBtC”]The TUC\u2019s Secretary General, Kofi Asamoah said Organized Labour is \u201creliably informed that preparations are far advanced to privatize the bank\u2026We want to appeal to you not to approve that arrangement.\u201d He made […]<\/p>\n","protected":false},"author":5,"featured_media":112966,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[43,38,21,4],"yoast_head":"\nCraze to sell public assets must stop - TUC to Mahama - Citi 97.3 FM - Relevant Radio. Always<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citifmonline.com\/2015\/05\/craze-to-sell-public-assets-must-stop-tuc-to-mahama-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Craze to sell public assets must stop - TUC to Mahama - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"The Trades Union Congress (TUC) has challenged the President not to approve the rumored impending privatization of Agricultural Development Bank (adb). [contextly_sidebar id=”dr1XdgQR6sqoIG3INZ0I9J6wM2cuRBtC”]The TUC\u2019s Secretary General, Kofi Asamoah said Organized Labour is \u201creliably informed that preparations are far advanced to privatize the bank\u2026We want to appeal to you not to approve that arrangement.\u201d He made […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citifmonline.com\/2015\/05\/craze-to-sell-public-assets-must-stop-tuc-to-mahama-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/citi97.3\" \/>\n<meta property=\"article:published_time\" content=\"2015-05-01T11:27:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-05-01T11:30:18+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2015\/05\/Kofi-Asamoah-and-President.jpg\" \/>\n<meta name=\"author\" content=\"Jonas Nyabor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@citi973\" \/>\n<meta name=\"twitter:site\" content=\"@citi973\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jonas Nyabor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/citifmonline.com\/2015\/05\/craze-to-sell-public-assets-must-stop-tuc-to-mahama-2\/\",\"url\":\"https:\/\/citifmonline.com\/2015\/05\/craze-to-sell-public-assets-must-stop-tuc-to-mahama-2\/\",\"name\":\"Craze to sell public assets must stop - TUC to Mahama - Citi 97.3 FM - Relevant Radio. Always\",\"isPartOf\":{\"@id\":\"https:\/\/citifmonline.com\/#website\"},\"datePublished\":\"2015-05-01T11:27:03+00:00\",\"dateModified\":\"2015-05-01T11:30:18+00:00\",\"author\":{\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/476b2fb2e9233445afbfa2662d85fe6b\"},\"breadcrumb\":{\"@id\":\"https:\/\/citifmonline.com\/2015\/05\/craze-to-sell-public-assets-must-stop-tuc-to-mahama-2\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/citifmonline.com\/2015\/05\/craze-to-sell-public-assets-must-stop-tuc-to-mahama-2\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/citifmonline.com\/2015\/05\/craze-to-sell-public-assets-must-stop-tuc-to-mahama-2\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/citifmonline.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Craze to sell public assets must stop – TUC to Mahama\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/citifmonline.com\/#website\",\"url\":\"https:\/\/citifmonline.com\/\",\"name\":\"Citi 97.3 FM - Relevant Radio. Always\",\"description\":\"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/citifmonline.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/476b2fb2e9233445afbfa2662d85fe6b\",\"name\":\"Jonas Nyabor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b74e004fce505330b7ba17aeaae177b3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b74e004fce505330b7ba17aeaae177b3?s=96&d=mm&r=g\",\"caption\":\"Jonas Nyabor\"},\"url\":\"https:\/\/citifmonline.com\/author\/jonas\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Craze to sell public assets must stop - TUC to Mahama - Citi 97.3 FM - Relevant Radio. Always","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/citifmonline.com\/2015\/05\/craze-to-sell-public-assets-must-stop-tuc-to-mahama-2\/","og_locale":"en_US","og_type":"article","og_title":"Craze to sell public assets must stop - TUC to Mahama - Citi 97.3 FM - Relevant Radio. Always","og_description":"The Trades Union Congress (TUC) has challenged the President not to approve the rumored impending privatization of Agricultural Development Bank (adb). [contextly_sidebar id=”dr1XdgQR6sqoIG3INZ0I9J6wM2cuRBtC”]The TUC\u2019s Secretary General, Kofi Asamoah said Organized Labour is \u201creliably informed that preparations are far advanced to privatize the bank\u2026We want to appeal to you not to approve that arrangement.\u201d He made […]","og_url":"https:\/\/citifmonline.com\/2015\/05\/craze-to-sell-public-assets-must-stop-tuc-to-mahama-2\/","og_site_name":"Citi 97.3 FM - Relevant Radio. Always","article_publisher":"https:\/\/www.facebook.com\/citi97.3","article_published_time":"2015-05-01T11:27:03+00:00","article_modified_time":"2015-05-01T11:30:18+00:00","og_image":[{"url":"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2015\/05\/Kofi-Asamoah-and-President.jpg"}],"author":"Jonas Nyabor","twitter_card":"summary_large_image","twitter_creator":"@citi973","twitter_site":"@citi973","twitter_misc":{"Written by":"Jonas Nyabor","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/citifmonline.com\/2015\/05\/craze-to-sell-public-assets-must-stop-tuc-to-mahama-2\/","url":"https:\/\/citifmonline.com\/2015\/05\/craze-to-sell-public-assets-must-stop-tuc-to-mahama-2\/","name":"Craze to sell public assets must stop - TUC to Mahama - Citi 97.3 FM - Relevant Radio. Always","isPartOf":{"@id":"https:\/\/citifmonline.com\/#website"},"datePublished":"2015-05-01T11:27:03+00:00","dateModified":"2015-05-01T11:30:18+00:00","author":{"@id":"https:\/\/citifmonline.com\/#\/schema\/person\/476b2fb2e9233445afbfa2662d85fe6b"},"breadcrumb":{"@id":"https:\/\/citifmonline.com\/2015\/05\/craze-to-sell-public-assets-must-stop-tuc-to-mahama-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/citifmonline.com\/2015\/05\/craze-to-sell-public-assets-must-stop-tuc-to-mahama-2\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/citifmonline.com\/2015\/05\/craze-to-sell-public-assets-must-stop-tuc-to-mahama-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/citifmonline.com\/"},{"@type":"ListItem","position":2,"name":"Craze to sell public assets must stop – TUC to Mahama"}]},{"@type":"WebSite","@id":"https:\/\/citifmonline.com\/#website","url":"https:\/\/citifmonline.com\/","name":"Citi 97.3 FM - Relevant Radio. Always","description":"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/citifmonline.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/476b2fb2e9233445afbfa2662d85fe6b","name":"Jonas Nyabor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b74e004fce505330b7ba17aeaae177b3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b74e004fce505330b7ba17aeaae177b3?s=96&d=mm&r=g","caption":"Jonas Nyabor"},"url":"https:\/\/citifmonline.com\/author\/jonas\/"}]}},"_links":{"self":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/112972"}],"collection":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/comments?post=112972"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/112972\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/media\/112966"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/media?parent=112972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/categories?post=112972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/tags?post=112972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}