NDC group fights sale of SSNIT shares in TTB to Ecobank

From: Joy Business/Ghana

A group calling itself BRIGDE and affiliated to the governing National Democratic Congress (NDC) has petitioned President J.E.A. Mills to stop the intended sale of SSNIT shares in The Trust Bank.

Group Chairman, Amon Kotey who walked into Joy FM studios with a copy of the petition says the move would be detrimental to the overall investment portfolio of SNNIT.

According to them The Trust Bank, being one of the largest local banks has performed creditably over the years and that it would therefore be a big mistake to offload the shares to ECOBANK.

Mr. Amon Kotey explained further, that the NDC could not oppose the sale of the Agric Development Bank while in opposition only to turn round and supervise SSNIT offloading its shares to Ecobank. “It is like we are contradicting ourselves,” he said.

“Looking at the party being social democrats and TTB assisting the SMEs (Small Scale Businesses) and they are now doing very well and meet the threshold, we think they need to be given the support to do very well,” he added.