Tag: ADB
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AfDB, EBID sign loan agreement for $50 million and €50
The African Development Bank Group and the ECOWAS Bank for Investment and Development (BID) have signed an agreement for a dual currency line of credit, comprising $50 million and €50 million to support local agricultural businesses in West Africa. Dr. George Agyekum Donkor, President and Chairman of the Board of Directors of EBID, and Solomon…
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Restructuring NIB’s balance sheet won’t fix solvency challenges – Banking consultant cautions
Banking consultant, Dr. Richmond Atuahene, has cautioned against proposals for a restructuring of the balance sheet of the National Investment Bank (NIB). NIB is facing significant financial challenges with liabilities exceeding GHS 2 billion. The Minority in Parliament has strongly urged the government to undertake a significant restructuring of the ailing NIB in order to…
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Ministry of Energy staff arrested for stealing GHC 287,775 from ADB
The Accra Circuit Court will on September 5 this year resume hearing a stealing case involving a secretary of the Ministry of Energy and the Agricultural Development Bank. Regina Abanga, a secretary at the Ministry of Energy is accused of manipulating ATM machines belonging to ADB and withdrawing sums to the tune of GHC 287,775.…
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Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.
The Managing Director of Agricultural Development Bank Plc, Dr. John Kofi Mensah has disclosed that the African Continental Free Trade Area (AfCFTA) will help agribusiness entrepreneurs to access the African Market. The AfCTA is a single market (duty-free-quota-free) trading bloc covering the entire African Continent with a total population of 1.3 billion to create a…
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![ADB pioneers in global remittance services in Ghana [ARTICLE]](https://citibusinessnews.com/wp-content/uploads/2022/06/WhatsApp-Image-2022-06-16-at-11.08.30-AM.jpeg)
ADB pioneers in global remittance services in Ghana [ARTICLE]
The International Day of Family Remittances (IDFR) was adopted by the United Nations General Assembly and is observed on 16 June every year. The Agricultural Development Bank PLC(ADB) was the first Bank in Ghana to introduce remittance services to the Ghanaian public. In 1995, ADB became the sole agent for Western Union in Africa with…
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ADB resumes Saturday banking in 27 branches
The Agricultural Development Bank PLC (ADB), has resumed its Saturday Banking Services in twenty-seven (27) branches across the country. The selected Branches in the Greater Accra Region include Spintex, Madina, Tema Main, Dansoman, Kaneshie, Makola, Ridge, New Town, Nima, Ring Road Central (RRC), Teshie, Nungua, and Abeka Lapaz. Also in the Ashanti Region and Bono/Bono…
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ADB celebrates customers
The Agricultural Development Bank PLC has organized a Customer Appreciation Dinner for key customers in the Greater Accra region. The event which was held at the Labadi Beach Hotel in Accra was attended by more than 100 top customers of the Bank in the Greater Region was graced by the Managing Director and other top…
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Agribusiness support will remain our priority – ADB Board Chair
The Board Chairman of the Agricultural Development Bank (ADB) Limited, Daasebre Akuamoah Agyapong II, has reiterated the commitment of the Bank to support the agribusiness sector to meaningfully contribute to the Ghanaian economy. According to Daasabre Agyapong II, the Bank will continue to focus on its core mandate of agricultural financing to ensure the sector…
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ADB fetes 2021 national best farmers
The Agricultural Development Bank (ADB) has hosted the 2021 National Best Farmers Award winners to a Welcome Cocktail. The cocktail, which has become part of the National Farmers’ Day celebration for the past 12 years, is organized by the Bank to welcome the best farmers who have been nominated at the national level for awards.…
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Prof. Peter Quartey re-appointed to ADB Board
Economist and Director at the Institute of Statistical, Social and Economic Research (ISSER), Prof. Peter Quartey has been re-elected to the nine-member Board of Directors of the Agricultural Development Bank (ADB), for a second term. This was announced during the inauguration ceremony for the board in Accra. The board of ADB also has three new…