GHC4 million pay for GCB Bank boss rejected

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• Francs Holland 8 years ago

  Greed people you give very little to savers and at end want to ward your selfs with so huge increase of pay Is not fair Well done to you share holders

  Greed people you give very little to savers and at end want to ward your selfs with so huge increase of pay Is not fair Well done to you share holders

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• TAVIE 8 years ago

  GOOD SHAREHOLDERS. THIS HAPPEN IN QUEBEC IN CANADA WHERE CEO OF BOMBARDIER AFTER RECEIVING GOVERNMENT BAILOUT OF TAX PAYERS MONEY WAS AWARDING HIMSELF GOOD BONUSES AND THE PEOLE WENT ON DEMOSTRATION. THE ASS FINALLY RESIGNED

  GOOD SHAREHOLDERS. THIS HAPPEN IN QUEBEC IN CANADA WHERE CEO OF BOMBARDIER AFTER RECEIVING GOVERNMENT BAILOUT OF TAX PAYERS MONEY WAS AWARDING HIMSELF GOOD BONUSES AND THE PEOLE WENT ON DEMOSTRATION. THE ASS FINALLY RESIGNED

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• jim 8 years ago

  What work at all is he doing? Is he a grading cocoa farm roads? If he is not ok with the 2.5m. He should resign.

  What work at all is he doing? Is he a grading cocoa farm roads? If he is not ok with the 2.5m. He should resign.

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• stop the lotting 8 years ago

  What? Four million Cedis? Madness.
  Where is JJ?

  What? Four million Cedis? Madness.
  Where is JJ?

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• Benchmark 8 years ago

  Yearly for the Bank's directors is 2.5 million which translates to about 209,000 cedis every month, minus other entitlements and benefits which could put it at conservatively around 220,000 cedis.
  At current exchange rates, ...
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  Yearly for the Bank's directors is 2.5 million which translates to about 209,000 cedis every month, minus other entitlements and benefits which could put it at conservatively around 220,000 cedis.
  At current exchange rates, we could be looking at anywhere between 48-55K dollars a month. That is interesting and they wanted it to go to 4 million cedis+benefits and entitlements, which puts it at say 350,000 cedis and anywhere between 78-85k dollars a month.
  So if the directors are looking at a 60% increment what percentage do they have in mind for the others?

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• Benchmark 8 years ago

  And are they paying dividends of 60% to shareholders???

  And are they paying dividends of 60% to shareholders???

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• kwajang Apetu 8 years ago

  Please correct the misleading headline

  Please correct the misleading headline

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• Kwesi Lapas (Atl,USA) 8 years ago

  Good Call Apetu....Headline is misleading.
  Board of directors, not just the GCB boss.

  Good Call Apetu....Headline is misleading.
  Board of directors, not just the GCB boss.

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• Luther king 8 years ago

  Legalizing create loot and share.

  Legalizing create loot and share.

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• AKWE 8 years ago

  GREEDY

  GREEDY

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• Seth Nyarko 8 years ago

  So it was not formal CEO of cocoa board (Dr. Opuni) being the most paid GH74,000.00 monthly CEO in government own firm's and yet he has being crucified daily by likes of Ghanaian media as well NPP. He we are, this current Gha ...
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  So it was not formal CEO of cocoa board (Dr. Opuni) being the most paid GH74,000.00 monthly CEO in government own firm's and yet he has being crucified daily by likes of Ghanaian media as well NPP. He we are, this current Ghana Commercial Bank Director earns Ghc2,500,000.00 annually that his being paid monthly GHC208,333.33 under Nana Akuffo Addo's watched and the same media keep silent. What's a intellectual dishonesties are we this mother Ghana, is this Bank director none NPP? Wonders shall never ends this country Ghana. Is GCB operations bigger than Ghana Cocoa Board?

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• Agyanum 8 years ago

  Seth Nyarko, you need to educate yourself well about things you don't understand before you comment.
  First, it is the Directors of GCB who were previously paid GCH 2.5 million now asking for GHC 4 million so how is that u ...
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  Seth Nyarko, you need to educate yourself well about things you don't understand before you comment.
  First, it is the Directors of GCB who were previously paid GCH 2.5 million now asking for GHC 4 million so how is that under the watch of president Nana Akuffo Addo who only took office in January.
  Secondly,in case you do not understand, GCB is a publicly quoted company therefore Directors could in theory pay their Executives whatever annual salaries they choose, it's up to their shareholders to approve or disapprove.
  Cocoa board on the other hand has no shareholders. The CEO and its board of directors are appointed by the government of the day. The CEO and the directors can only be sacked by the president weather they perform or not. It is therefore criminal for the CEO of Cocoa Board
  to be paid that huge sums of money whiles the hardworking farmers wallop in abject poverty.
  It is also plain silly on your part to compare the operational sizes of the two institutions. it it like comparing apples to cassava. Can you in all honesty tell Ghanaians the value added the cocoa board CEO has achieved ? We still export cocoa beans overseas, every year they still go and borrow money before they can even purchase their cocoa. In fact the CEO of cocoa board can be anyone with a heard over his/ her body so it's criminally insane for him to be the highest paid executive when there is no means of measuring his performance.
  So now you should understand why the press has every right to crucify a government crony being the highest paid executive in state institution

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• REGINA 8 years ago

  BLACK MAN

  BLACK MAN

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• Benito.y 8 years ago

  Greediness is killing Africans,they never get enough!! It's all about money,money.Corruption is our biggest setback to development.greedy bastards !!!

  Greediness is killing Africans,they never get enough!! It's all about money,money.Corruption is our biggest setback to development.greedy bastards !!!

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• Akosua 8 years ago

  Banks pay so much to their executives and so we have very high interest rates in the country.Govt do sonething

  Banks pay so much to their executives and so we have very high interest rates in the country.Govt do sonething

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• The Truth 8 years ago

  This is the kind of nonsense that justified June 4 even though illegal. Looks like some people aren't learning from history or maybe were too young to have realised what happened then.Hope those in authority are paying attent ...
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  This is the kind of nonsense that justified June 4 even though illegal. Looks like some people aren't learning from history or maybe were too young to have realised what happened then.Hope those in authority are paying attention because such greed is could cause resentment which could end up in uncontrollable explosion.

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