Government suspends sale of ADB House, listing of ADB shares on Stock Exchange

Government through the Ministry of Employment  and Labour Relations has instructed management of the Agricultural Development Bank,ADB to halt the sale of  ADB House after agitations by the Union of the bank. 

The Ministry has further directed the suspension of plans to float about 100 million shares on the Ghana Stock Exchange.

He said that the bank can only go ahead with its Initial Public Offer after further consultations with the Union of the bank and other stakeholders.

The Sector Minister, Haruna Iddrisu said this at a media briefing in Accra after meetings with management and the Union.

GBC