Users of X platform have expressed worry and shock in reaction to a GCB Bank letter that found its way on social media.
The memo by the bank is to a board member, Alhaji Alhassan Yakubu, about “The Complete Board Directors Programme” being organised by Inter Africa Consulting Group in Johannesburg, South Africa, from May 27 to June 7, 2024.
Per the memo, Alhaji Alhassan Yakubu is to be paid a total of $33,000 as emoluments for his travel.
A breakdown reveals accommodation at a cost of $1,000 for 12 nights will cost $12,000. He will receive a per diem of $1,500 for 12 days, which will amount to $18,000.
He will receive $1,500 for 2 days, amounting to $3,000 for travelling days.
Users who have chanced on the memo have questioned why the currency has been quoted in dollars and why there is a lack of coherence in the days to be spent as the memo makes mention of 12 days and 2 days.
Profile
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.