O B Amoah, Deputy Minister of Local Government and Rural Development, has described as unfortunate the over 1000 workers going to lose their jobs following the fusion of some 5 banks.
Some 1,700 employees of these banks: Unibank, Sovereign Bank, Royal Bank, Beige and Construction bank, will, by the end of September 2018, lose their jobs.
Speaking to the issue on TV3’s New Day Programme, Saturday, Mr Amoah said: “As we have heard 1,700 out of 3,700 have been asked to re-apply and that some may lose their jobs. It has come out because of the unfortunate situation of how we run the banking sector.
“It is unfortunate because we wish that more people will be employed, not when people are already employed and they will have to go home because of various circumstances.
But the fact that probably, you want to employ more people doesn’t mean that you should run a very deficient and inefficient system. We have come through this before with state-owned enterprises. The last budget of the CPP in 22nd February 1966 catalogued so many reasons why our state-owned enterprises were not working – overstaffing, lack of qualification. At the end of the day you could see that the whole system was bloated simply because you wanted to offer jobs to people and it didn’t work. If they are to keep all these and later on we hear that Consolidated Bank has also collapsed, we will be the same people complaining again..."
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