Tag: ADB Bank
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ADB Bank PLC appoints Alhassan Yakubu-Tali as Managing Director
Agricultural Development Bank PLC (ADB) has appointed Alhassan Yakubu-Tali as its new Managing Director, effective 1st December 2022. His appointment follows a successful approval by shareholders as well as regulatory approval received from the Bank of Ghana (BoG) respectively, after the retirement of Dr. John Kofi Mensah whose tenure ends on the 30th November 2022.…
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MD of Agricultural Development Bank PLC Dr. John Kofi Mensah retires
Managing Director of the Agricultural Development Bank PLC (ADB), Dr. John Kofi Mensah, is set to retire from his position, effective end of November 2022, after serving for five years in the role. Appointed in August 2017, ADB PLC has seen a significant transformation from a loss making Bank in 2015/16 to a consistent profit…
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ADB MD wins two awards at Ghana Business Awards
The Managing Director of the Agricultural Development Bank, Dr. John Kofi Mensah has been honored as the Public Sector Chief Executive Officer at the 4th Edition of the Ghana Business Awards held at the Kempinski Gold Coast Hotel in Accra. Dr. Kofi Mensah was awarded for transforming the Agricultural Development Bank Limited (ADB) from a…
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ADB leads in profit growth rate as banks remain profitable in 2021
Data from the financial statements of about 60% of banks in the country for the first half of the year 2021, shows promising increases in profits for some and some slowdown in profit growth for others. This can be gleaned from the Summary Statements of Comprehensive Incomes of 13 of Ghana’s top banks covering January…
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ADB releases GHS23.1m to support poultry farmers in Bono Region
The Agricultural Development Bank, ADB, has released the first tranche of 23.1 million Ghana cedis to help revive Ghana’s poultry industry. The bank last month outlined plans to invest 500 million cedis in Ghana’s poultry industry by 2022 with the ultimate aim of boosting local production to reduce importation. The Bono Region is the first…
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adb cuts staff by 45% to observe social distancing in COVID-19 fight
The Managing Director of adb Bank, John Kofi Mensah, says the bank as part of its efforts to prevent the spread of the COVID-19 internally, has allowed 45 percent of its workforce to go on mandatory leave. This follows a directive from the Bank of Ghana asking all financial institutions operating in the country to…
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Major boost for local rice millers as banks provide funds to clear harvest
The Ghana Rice Millers Association says it is ready to meet the market demand for Ghana rice this festive season. The assurance comes after the association secured a deal with some banks to provide funds for the millers at an affordable rate. The banks include GCB Bank, National Investment Bank, Barclays and ADB Bank. Members…
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ADB wins Best Cocoa Financing Institution Award
The Agricultural Development Bank Limited (ADB) has been adjudged the best Cocoa Financing Institution at the maiden Ghana Cocoa Awards (GCA). The award was in recognition of the Bank’s contribution as a pioneer in financing the cocoa sector and also taking banking closer to Cocoa Farmers across the country. At the awards held at the Movenpick…
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ADB to partner Posco International of South Korea to establish oil palm refinery
The Managing Director of the Agricultural Development Bank (ADB) Limited, Dr. John Kofi Mensah has said the Bank is set to partner Posco International of South Korea for the establishment of a multi-million dollar oil palm refinery in Ghana. Posco International is multi-billion dollar company with expertise in establishing value chains in various areas of…
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ADB set to raise GH¢127 million to meet BoG minimum capital requirement
The shareholders of Agricultural Development Bank have voted to allow the bank to raise GH¢127 million to enable it to meet the minimum capital requirement set by the Bank of Ghana. This will be made through the private placement of shares with the Ghana Amalgamated Trust PLC which has been mandated to assist some five…