The management and workers union of Consolidated Bank Ghana (CBG) have signed a Memorandum of Understanding (MoU) to collaborate on the bank’s salary administration.
The MoU, which was signed ahead of the finalization of their Collective Agreement negotiations, will guide their relations on pay increase and other remuneration.
The signing of the MoU is to ensure smooth working relations between the management and the union towards achieving the corporate objectives of the bank.
The Chief Executive Officer of CBG, Daniel Addo in his remarks at the signing ceremony, said the ultimate goal of the CBG as leader in the country’s banking industry is to build a bank that is most trusted by customers, and rewarding to employees.
“We can only achieve this our objectives and performance targets when our employees are happy,” he said.
According to him, the management of CBG believes in a collaborative approach in addressing organisational targets and challenges, and would continue to seek and appreciate the opinion and contributions of its workers and customers.
John Amegashie, General Secretary of Union of Industry, Commerce and Finance (UNICOF), who witnessed the signing ceremony, lauded the immense cooperation between the management and union, and commended the executive of the bank for demonstrating good faith during the negotiations.
He expressed optimism that the high level of cooperation would inure to the benefit of the bank sustaining its productivity and profitability for both the workers and customers.
Austin Gamey, CEO of the Gamey and Gamey Group, which facilitated the negotiations, urged both parties to continue to work closely together to achieve the needed result in making CBG the preferred banking institution in the country. He also reminded the workers union of their responsibility to work hard to enhance the fortunes of the bank for shared benefits.
Mr. Gamey commended the representatives of the management and the union for the productive engagement which enabled them to reach an agreement for the MoU.
For his part, Godfred Agbevanu, Chairman of the CBG local union, acknowledged the significance of the MoU, indicating that it would immensely help engendering a renewed commitment for productivity among the workforce.
“This is good for us as a bank. It will greatly enhance our relations and performance outcomes,” he stressed.
Benjamin Nana Appiah/adrdaily.com