GCB Bank spends GHC 462,000 on training of board member in South Africa

A cross section of Ghanaians have expressed mixed reaction about the decision by GCB Bank to spend US$33,000(GHC 462,000) for training a board member in South Africa.

The training of Alhaji Alhassan Yakubu which will run from May 27 to 7 June dubbed the Complete Board Directors Programme.

A memo cited by Ghextractives.com indicates that Yakubu will be allocated US$ 12,000 on accommodation, US$ 18, 000 on per diem and US$ 3,000 for travelling days.

Meanwhile some Ghanaians have been reacting to the development, below are some of the reactions.

Reports however suggests the amount aligns with the standard figure paid by GCB for such travels and does not breach any rules and regulations.

About Alhaji Alhassan Yakubu

Alhaji Alhassan Yakubu graduated from the University of Ghana Business School with a B.Sc. Administration (Banking & Finance) in 1990 and an MBA (Finance) in 2001. He also holds a certificate in Financial Institution Analysis from the Financial Institution Analysis School of the Federal Reserve Bank, Washington DC, USA.

He started his career in Banking at Merchant Bank Ghana Limited and later moved to the Banking Supervision Department of the Bank of Ghana in 1991 where he worked until 2004. During his 13 year career at the Central Bank, his schedule included both on and off-site supervision of commercial and rural banks as well non-bank financial institutions.

He was a Member of the team that drafted the revised Banking Supervision Department’s Examination Manual and reviewed also played roles in many policy initiatives. He was a member of the Banking Law review.

He possesses a working knowledge of Financial Institution Analysis, Corporate Governance, Credit Management, Treasury and Investment Management, Monitoring and Evaluation. He has attended several capacity building courses and acquired certificates in Bank Management, Credit Management, Advanced Credit Management, Treasury Risk Management, Asset & Liability Management, International Banking, Public Finance and Supervisory Skills amongst others.

He now runs his own business and has also worked as a consultant for both bank and non-bank financial institutions.

Source: Ghextractives