Merchant Bank wasn’t a good deal - FirstRand boss

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• KOFI 11 years ago

  I think it is a very critical and essential move by first rand wanting to enter the Ghanaian banking industry..It will put other banks on their toes hence creating competition not to talk of the jobs that will be created in t ...
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  I think it is a very critical and essential move by first rand wanting to enter the Ghanaian banking industry..It will put other banks on their toes hence creating competition not to talk of the jobs that will be created in this era of harsh economic downturn coupled with high rate of graduate unemployment.

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• ONT 11 years ago

  SSNIT rejected a higher offer of $176M for 75%? And they rejected it? That sounds criminal to me.

  SSNIT rejected a higher offer of $176M for 75%? And they rejected it? That sounds criminal to me.

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• truth teller 11 years ago

  The transaction smacks of fraud. The majority holding of Directors have either no experience in banking and finance or an embarrassing failing past in banking and finance, such as Kingsley Fletcher (alias Drolor Bosso Adamte ...
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  The transaction smacks of fraud. The majority holding of Directors have either no experience in banking and finance or an embarrassing failing past in banking and finance, such as Kingsley Fletcher (alias Drolor Bosso Adamtey I). He founded a little home-grown credit union in North Carolina that never amounted to anything and in which most of its loans were defaulted upon. It ceased to exist within just a few years. This is who the Bank of Ghana entrusted to run Merchants? Laughable!

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