Fast sinking ADB needs help – Board

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Kay 10 years ago

Kpordzie has run ADB down. Ghanaians should go and find out why he was sacked at STANBIC Bank.

Kpordzie has run ADB down. Ghanaians should go and find out why he was sacked at STANBIC Bank.
akonoba 10 years ago

Steve Kpordzih lack the requisite experience to manage adb. He is not honest and lack integrity.

Steve Kpordzih lack the requisite experience to manage adb. He is not honest and lack integrity.
ZED 10 years ago

As long as this criminal government remains in power, Ghana will never never never never never know the truth about anything in Ghana....... Baba Jamal said if it's black say it's white and if it's a sheep say it's a cow..... ...
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As long as this criminal government remains in power, Ghana will never never never never never know the truth about anything in Ghana....... Baba Jamal said if it's black say it's white and if it's a sheep say it's a cow........... But stupid moronic Ghana still voted for people with such a character.... Now see total destruction.... One dollar was 1.2 GHC when they took over in 2008 but it's now one dollar to 4.0 GHC.... So NDC THIEVES ARE killing Ghana big time....
Concerned Customers 10 years ago

Why don't you want to vacate your post Mr MD- Kpordzi to allow for forensic auditing which may exonerate you and your CO-looters. We are not fools.. as Ghanaians

Why don't you want to vacate your post Mr MD- Kpordzi to allow for forensic auditing which may exonerate you and your CO-looters. We are not fools.. as Ghanaians
Shabi 10 years ago

Is this all? Is this supposed to be a comprehensive statement of the status of a Board of Directors of a Bank?

From what I read above, this is merely a statement that seeks to defend ineptitude, incompetence and corruption ...
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Is this all? Is this supposed to be a comprehensive statement of the status of a Board of Directors of a Bank?

From what I read above, this is merely a statement that seeks to defend ineptitude, incompetence and corruption.

As for this yarn about "..management had to rent premises at Osu, Nima, Achimota and Spintex road to accommodate those departments and units which could not find space at Pegasus", it is a cock and bull story. It is like saying that all govt institutions like ministries and depts were inconveniently scattered so the ideal thing to do is to dump them all at the Presidency for effective management. In the information age in which we live, companies are rather encouraging staff - not even depts, to work from home or anywhere else away from their main offices to save on rent. So far this seems to be working effectively in the interest of those companies some of which are huge multinationals.

The defense of the Board Chairman buying the old Mercedes Benz vehicle is the most deplorable excuse that can be given by an adult. It presumes that Ghanaians are stupid, daft and dumb. As I said above, these people have no moral compunctions and no sense of shame whatsoever. Like many or rather most people holding senior positions in govt, they are just a bunch of miseducated bush-boys who do not know what time of the day it is.

For instance the excuse that a Board member had been a client of the bank for over 20 years does not exonerate him from acquiring a favorable loan from a bank over which he presides. Either that Board member should not have accepted the offer to become a Board member in the first place or he should have avoided doing business with a bank at which he is a Board member.

Have our moral values sunk so low that we cannot even, as ordinary citizens, draw the line between what is morally right and what is unacceptable? Of course, anybody would immediately think that he took the loan because he obviously was in a privileged position to overly benefit from both his position and the loan.
Concerned Customers 10 years ago

Mr. KPORDZI just sit down and reflect on where the bank was and where you have brought it to. And be honourable enough to peacefully resign b4 your eminent further disgrace.

Mr. KPORDZI just sit down and reflect on where the bank was and where you have brought it to. And be honourable enough to peacefully resign b4 your eminent further disgrace.
kankam, 10 years ago

Another looter kpordzie.why did stanbic sacked you .you are more corrupt than the word corrupt.thief

Another looter kpordzie.why did stanbic sacked you .you are more corrupt than the word corrupt.thief
Kwame Ames 10 years ago

No, hold on - where in this release is it stated that the bank is fast-sinking and thus needs help? I believe much as the bank is having its own issues with performance, the media is also not helping matters with concocted an ...
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No, hold on - where in this release is it stated that the bank is fast-sinking and thus needs help? I believe much as the bank is having its own issues with performance, the media is also not helping matters with concocted and embellished stories about the bank.@Starrfmonline, come again, your headline and story is totally misleading! You seem to be going the way of the naysayers who think once a bad story comes out of the bank, the whole institution should be demonized. @Adomfm has been on this beat, and now you've also joined it. Stop peddling untruths, they won't help your course!
EDUARDO DOMINGO 10 years ago

THE ADB IS A DISGRACE TO BANKING, APART FROM STEALING DIRECT TRANSFER MONEY FROM ME, THEY ALSO STOLE 2,500.00 EURO TRANSFERED TO ME FROM FRANCE, THIS CASE LED TO MY FRIEND GETTING THE WESTERN UNION OFFICIALS IN REINNE FRANCE ...
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THE ADB IS A DISGRACE TO BANKING, APART FROM STEALING DIRECT TRANSFER MONEY FROM ME, THEY ALSO STOLE 2,500.00 EURO TRANSFERED TO ME FROM FRANCE, THIS CASE LED TO MY FRIEND GETTING THE WESTERN UNION OFFICIALS IN REINNE FRANCE ARRESTED , AND WE ARE TAKING ADB TO INTERNATIONAL CRIMINAL COURT SOON AS MY FRIEND AND PARTNER IS WELL. THEY ACKNOWLEDGED RECEIPT OF THE TRANSFER AND KEPT IT FOR 6MONTHS , AND ONLY SENT PART OF THE MONEY BACK TO FRANCE, THE MONEY NEVER ENTERED OUR COMPANY'S ACCOUNT TO DATE, THIS I AM SURE WILL SHOW WHAT IS GOING ON IN THE BANKS IN GHANA FOR THE WHOLE WORLD TO SEE,
Klinker 10 years ago

Why will Franklin Kudjoe not speak to the proplems of ADB after taking money for celebrating the anniversary of his so called think gallon IMMANI

Why will Franklin Kudjoe not speak to the proplems of ADB after taking money for celebrating the anniversary of his so called think gallon IMMANI

MAFIOSO 10 years ago

Ghanaians can't you folks see president Mahama and his appointees are destroying Ghana beyoud savage?

Ghanaians can't you folks see president Mahama and his appointees are destroying Ghana beyoud savage?
Buduh 10 years ago

In the opening paragraph of this article it is stated that the bank is sinking fast and something has to be done to salvage it. Unfortunately, in the full published statement by the board, this statement did not feature again ...
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In the opening paragraph of this article it is stated that the bank is sinking fast and something has to be done to salvage it. Unfortunately, in the full published statement by the board, this statement did not feature again. Please clarify - is the bank sinking or not? I am a customer and if the bank is sinking, I'll have to close my accounts. Similarly events in 2006 forces me to close a deposit account - and yet things did not happen as they were being speculated. Please come out clearly on whether bank is sinking or not!

Thank you.
truth 10 years ago

How can very small banks and microfinance companies make profit while a bank like ADB make loses. All board members and heads of departments must be arrested at once. Democracy is very nad for Ghana. It has rather open the do ...
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How can very small banks and microfinance companies make profit while a bank like ADB make loses. All board members and heads of departments must be arrested at once. Democracy is very nad for Ghana. It has rather open the doors to rape and steal the nation. I am sorry for Ghana
Nana 10 years ago

Steve kpodzi is somebody I know right from Barclays through GCB, STANBIC&now ADB. Life has gone full circle for him. Pls those who care to find out shd trace how left any of these institution. Steve is a thief. If those who a ...
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Steve kpodzi is somebody I know right from Barclays through GCB, STANBIC&now ADB. Life has gone full circle for him. Pls those who care to find out shd trace how left any of these institution. Steve is a thief. If those who are defending will speak the truth this is not a guy worth defending. At GCB he was literally sacked. At STANBIC he colluded with some high profile customers and he was recommended dismissal. In Banking sometimes leadership is sympathetic and recommend resignation that saved Steve Kpodzi. Pls the the boy is a criminal. He is quick to ,kill young men who whose prospects are so high and he cannot stands ambition. Ask him how he managed the Bank. His game is up and as somebody who knows so much abt him the time is up for him to go. Let him stand aside and let genuine investigators and auditors take over so that the full disclosure will be out.
PACQIUO 10 years ago

The heart of many Ghanaians bleeds any time the issue of the ADB, its MD and Board is mentioned. The rot at the Bank the auspices of this MD are so much; more than the word gargantuan. But who watches the watchman. The Presid ...
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The heart of many Ghanaians bleeds any time the issue of the ADB, its MD and Board is mentioned. The rot at the Bank the auspices of this MD are so much; more than the word gargantuan. But who watches the watchman. The President and his brothers brought him to ADB when the President was the Vice. The question is did they offer him the position to come and serve Ghana or himself and his appointing masters? If current happenings at the Bank are good and acceptable to his masters then no wander Ghanaians and Ghana are in this mess.
This MD has sold over 23 landed properties of the Bank to his cronies’ across the country. He has sold the Bank’s shares in Fidelity Bank and other insurance and financial ventures. He has supervised many violations of the Banking Act; the Bank has on many occasions exceeded the BOG single obligor policy on lending. Under his regime the Bank has paid huge judgment debts to dismissed staff as a result of his leadership style. The MD is too vindictive. He has taken the Bank as his personal property. Staff morale is at its lowest level. What is the MD’s interest in the many companies dealing with new building and the IPO? The ordinary Ghanaian farmers have not benefit from the Bank since this MD took over.
Why did the Board decide to address issues that they can defend? They should come again to address all issues raised against them. How much do them and management take home as bonuses. These people should spare us. There is no need to spill the beans but carefully reading over their statement one may be attempted to say the unprintable.
Listen to them; A management/employee dispute cannot be a justification for the leakage of confidential information particularly those of our cherished customers. At the appropriate time these matters will be investigated. Yes will be investigated indeed. This is not just a management and employee issue, it is a national issue. The MD and Board have refused to see ADB as national asset hence your diabolic actions. Any attempt to continue with their intimidation, arbitrary dismissals, vindictiveness and rough play shall be met this time in a commensurate proportion. We shall never sit down for any few individuals to milk the nation.
If the state want to see blood before it reacts so be it. Every Ghanaian is now an orphan; because of governance and institutional failure. We have a President who does not care. The Council of State, the Former Presidents, the TUC and all should kindly care and take some time to know what is happening and offer the best of advice to the President. For the Ghanaian journalist their interest is always politics and that is bad. On about three four occasions on Joy and Peace media platform Kwaku Baako could not comment fully on this issue citing inadequate information. The question is if is about NDC and NPP Kwaku would never have said that.
DANNI 10 years ago

In the end it is all money for old rope The looting brigade of politicians family and friends continue

Twenty Richest People In Ghana For 2013

1. Ibrahim Mahama -$1.9 billion /Businessman , Brother of the current Presid ...
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In the end it is all money for old rope The looting brigade of politicians family and friends continue

Twenty Richest People In Ghana For 2013

1. Ibrahim Mahama -$1.9 billion /Businessman , Brother of the current President of Ghana. Only Ghanaian to own a private jet.

2. Alfred Mahama -$1.3 billion./ Businessman, brother of the current President of Ghana.
3. Roland Agambire – $1.1billion/ RLG (eBay type of business) (Business man )
4. Joseph Agyepong – $1.05billion/Businessman (Zoomlion waste management company and other businesses)…Company banned by World Bank in Liberia”
5. John Mahama – $900 million/President of the Republic of Ghana, Politician.
6. Alhaji Azuma Banda – $724 million./Businessman, owner of antrak air.
7. Ato Ahwoi – $684 million/ Politician, Businessman.
8. Dr. Sam Jonah – $430 Million/Businessman (Executive Director of Jonah Capital, Equity in Johannesberg, south Africa)
9. Haruna Iddrisu – $300million/Politician, Minister of Trade.
10. Alex Mould – $282 million/GMPC
11. Dr. Kwame Addo Kufuor – $250million./ Physician, Politician.
12. Tsatsu Tsikata – $245million/Lawyer, Businessman and Politician
13. Elvis Afriyie Ankrah -$112 million./ Minister of Youth and Sports, Politician.
14. Dr. Kwesi Nduom – $110 million./ Businessman and Politician.
15. Ken Agyapong – $104 million/Politician/Businessman
16. Prince Kofi Amoabeng – $98million/ CEO, UT Bank He has an ongoing fraud case against him”
17. Asiedu Nketiah – $89million/Politician, Secretary of the ruling NDC Party.
18. Alfred Woyome – $75million/Politically connected Businessman.
19. Tony Lithur – 30million/ Lawyer
20. Baba Kamara – $ 11million/ Politician (Commissioner to Nigeria)

Source: Forbes Ghana

The full list of the 20 Richest in Nigeria, Kenya, South Africa, Ghana, Cote d’ivoire and Morocco would be published in the December 2013 Edition of Forbes Africa
Puupu 10 years ago

You say Franklin kojo is not commenting, why should He! They are all the same , Kwesi Pratt , Alfred Obgame and Alhaji all drive V8 Toyota , so they pick and chose who they should tackle ! Ghanaians wake up ! Steve and the B ...
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You say Franklin kojo is not commenting, why should He! They are all the same , Kwesi Pratt , Alfred Obgame and Alhaji all drive V8 Toyota , so they pick and chose who they should tackle ! Ghanaians wake up ! Steve and the Board have an unfinished agenda and want to stay on by hook or crook ! By the way u guys don't see the kids gloves the president is using to handle this ADB issue ! Shine ur eyes!
ADWOA 10 years ago

NPP BEHIND ADB STRIKES

NPP BEHIND ADB STRIKES
DAN 10 years ago

This is #disappointing•
Will any of the board members give his land to an estate agent to charge you interest on it? N u have the guts to call this advantage! Where are our brains? This is stinking!!

This is #disappointing•
Will any of the board members give his land to an estate agent to charge you interest on it? N u have the guts to call this advantage! Where are our brains? This is stinking!!
Jule Stuard 10 years ago

Fast sinking ADB needs help indeed!! Dear members of the Board your re -joiner provides an interesting story to the public to digest.You have really opened yourselves up for many questions. Is it by near co-incidence that the ...
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Fast sinking ADB needs help indeed!! Dear members of the Board your re -joiner provides an interesting story to the public to digest.You have really opened yourselves up for many questions. Is it by near co-incidence that the Bank boards a posh car only for the Board Chairman among millions of Ghanaians to buy it at an auction at USD 20,000? Again does the Board use the same standards for the consideration of an application from one of its members? How many other Directors, past or present currently have loans from the Bank? Further how on earth can a one be selected to the Board of a Bank from which he has a loan which has adversely been classified? No wonder an ex convict and a loan defaulter could find himself in the Board chair and purchased prime assets of the Bank under dubious circumstances. Stay tuned.

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Fast sinking ADB needs help – Board

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