Tag: ADB
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ADB, NIB to be refocused to remain relevant – Ofori-Atta
The Minister of Finance, Ken Ofori-Atta says the fundamental objectives of special-purpose banks such as the NIB and ADB would have to be reviewed to help them secure the necessary capital so they can give out long-term funds as the government makes moves to establish a development bank. The Government of Ghana, in partnership with…
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Agricultural Development Bank supports agribusinesses in Ghana
Many Ghanaians heaved a sigh of relief when the government introduced the One District One Factory (1D1F) initiative, which is aimed at building strong value-addition-oriented companies as well as reducing the unemployment rate in the country. Although some private companies have received some forms of support under the initiative, many have not received the support…
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ADB wins 1D1F Financial Service Provider of the year at 2021 manufacturing awards
The Agricultural Development Bank (ADB) has been awarded the One District, One Factory (1D1F) Financial Service Provider of the Year at the 2021 Ghana Manufacturing Awards (GMA), held at the Kempinski Hotel, Gold Coast City in Accra. The honour affirms the Bank’s support to businesses under the government’s flagship industrialisation programme which seeks to build…
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ADB Managing Director is most visible Banking Sector CEO – 2020 IBNA Report
Managing Director of the Agricultural Development Bank (ADB), Dr. John Kofi Mensah has emerged as the most visible Chief Executive Officer (CEO) in the Ghanaian banking industry. This is according to the Institute of Brands Narrative Analysis (IBNA) Media Analysis 2020 survey report. According to the report, in the year 2020, the ADB Managing Director…
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![ADB financing agricultural value chain for wealth creation [Article]](https://citibusinessnews.com/wp-content/uploads/2020/11/WhatsApp-Image-2020-11-05-at-2.53.07-PM.jpeg)
ADB financing agricultural value chain for wealth creation [Article]
The Agricultural Development Bank Limited (ADB) is the lead bank for agricultural financing in the country. Set up for the purpose of developing the agricultural sector, ADB has over time used various avenues to channel financial resources into the sector to propel it to higher heights. With about 83 network branches nationwide, ADB is the…
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ADB receives ISO:27001 certification
The Agricultural Development Bank (ADB) has earned the International Organization for Standardization (ISO) 27001; 2013 Certification following a rigorous process by PECB Group based in Canada. The Managing Director of the Bank, Dr. John Kofi Mensah, in a statement copied to Citi Business News said the certification process started last year and was successfully completed…
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We’ll continue to invest in agribusiness – ADB pledges after giving out outboard motors
The Managing Director of the Agricultural Development Bank, (ADB), Dr. John Kofi Mensah, says the bank will continue to focus on its core mandate of investing in agribusiness and farmers. The bank in its latest move has provided outboard motors worth 20 million cedis to some fisher folk along the coast. This comes not long…
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Poultry farmers hopeful of a boost in production with adb credit facility
The Greater Accra Poultry Farmers Association says it is optimistic that the Agricultural Development Bank’s credit facility to the poultry industry will go a long way to boost local poultry production and subsequently reduce importation. Adb has announced a 500 million cedis loan facility to boost the operations of poultry farmers in the country. The…
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ADB to support local rice farmers to alleviate financial challenges
The Agricultural Development Bank, ADB, says it will replicate its investment model in the poultry industry for rice production to reduce financial challenges in the sector. In 2019, Ghana’s rice farmers faced challenges that resulted in late harvest due to the inability of millers to mill their rice. Earlier this year, some rice farmers called…
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ADB to support poultry farmers with GHS500m to reduce chicken import
As part of efforts to help strengthen Ghana’s livestock sector, the Agricultural Development Bank (ADB), has announced a 500 million cedis loan facility to help poultry farmers from six regions. The move, according to the bank, is aimed at reducing the importation of chicken and make Ghana’s poultry industry competitive. Currently, Ghana’s annual import of…