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Business News of Tuesday, 13 March 2012

Source: citifmonline

AFAG Demands Parliamentary Enquiry Into SSNIT Shares Sales

A pressure group, Alliance for Accountable Governance (AFAG), has called for a Parliamentary enquiry into the sale of SSNIT’s 61.12% shares in the Trust Bank to the Ecobank Transitional.

The group also called for the immediate dissolution of the Board of Trustees and the resignation of the SSNIT Managing Director.

AFAG insisted that the four organized labour representatives on the SSNIT Board comprising Mr. Kofi Asamoah, Mr. Robertson Allotey, Mr. Dian Okine and Mr. Amo Dako should be sacked.

“We are calling for a Parliamentary enquiry into the sale of SSNIT’s 61.12% shares in the Trust Bank (TTB) to Ecobank Transitional (ETI),” AFAG said.

“We are also calling for the dissolution of the SSNIT Board of trustees, resignation of the SSNIT MD and the immediate removal of the four organized labour representatives, Mr. Kofi Asamoah, Mr. Robertson Allotey, Mr. Dian Okine and Mr. Amo Darko from the SSNIT Board of Trustees.”

Addressing a news conference on Tuesday, AFAG’s President Dr. Nana Ayew Afriyie, claimed the sale of the SSNIT shares in the TTB has resulted in the loss of GhC179 million to Ghanaian workers investment.

“AFAG will like to inform Ghanaians that the sale of the SSNIT shares in the TTB has resulted in the loss of GhC179 million cedis to workers investment; why should the future of workers be placed at such risk in order to satisfy the selfish interest of some few persons?”

He emphasised that there was no need for the sale of TTB because it was performing well.

“Though the Bank of Ghana requires a minimum of 60 million Ghana cedis as recapitalisation for local banks in Ghana, TTB’s recapitalisation is 125 million Ghana cedis which mean that it is capable of operating two more local banks.”

Dr. Afriyie further called on all Ghanaian workers to join AFAG’s gargantuan forum scheduled for Tuesday, March 20 in Koforidua.

“AFAG is calling on all workers to join us at our “Gargantuan” forum starting Tuesday 20th March in Koforidua where we will collect signatures from workers and the general public in support of our quest at bringing sufficient pressure to bear on the legislature to initiate a Parliamentary enquiry into the sale of the SSNIT shares in the TTB, reverse the sale and identify all those corrupt men behind the sale for prosecution without fear or favour.”

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