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Dr. Amoah, Alhassan Yakubu, 10 other GCB board members received $33,000 each for 'questionable overseas training' - Report
May 29, 2024
The 12 members of the GCB Bank PLC board reportedly received $33,000 (GH¢479,000) as a travel allowance for a training program abroad, sparking concern within the state-owned financial institution.
An investigative report by The Herald revealed that the travel allowance paid to the 12 board members totaled a staggering US$396,000 (GH¢5,757,840), not including the cost of first-class plane tickets and the actual training, which many within the bank have criticized as "questionable."
Those who benefited from the training included Kofi Adomakoh, the Managing Director; Dr. Stephen Amoah, Deputy Minister for Finance and New Patriotic Party (NPP) Member of Parliament (MP) for Nhyiaeso Constituency; Emmanuel Odartey Lamptey, Deputy Managing Director in charge of Operations; Socrates Afram, Deputy Managing Director in charge of Finance; Nana Ama Ayensua Saara III, Omanhemaa of the Denkyira Traditional Area; Alhaji Alhassan Yakubu, Non-Executive Director; Francis Arthur-Collins, Non-Executive Director; Ray Ankrah, Deputy Chief Executive of the Ghana Cocoa Board (COCOBOD); Osmani Aludiba Ayuba; Lydia Essah; Daniel Kwaku Tweneboah Asirifi of the law firm Akuffo-Addo, Prempeh & Co.; and Samuel Kwame Yedu Aidoo, Executive Director of Wholesale and Investment Banking at GCB Bank PLC.
The report stated that some board members traveled to the United States and others to South Africa for the training known as "The Complete Board Directors Programme."
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