Audio By Carbonatix
The Agricultural Development Bank (ADB) in its quest to be on top of the banking system has introduced the E-banking to help its clients especially for those in the agricultural sector.
Dr John Kofi Mensah, the Managing Director of the bank, in his opening address stated that the bank is very confident to lead the revolution in the agricultural financing that will soon be introduced in the agricultural sector.
In an interview with Joy Business, he said, "the bank is inviting clients to witness the technological advancement in term of financing activities in the agricultural sector.”
He added, “The electronic platform which has been introduced is able to locate clients easily, facilitation of loans, easy measurement of client’s ability to repay loans and the platform has also enhanced the communication between the bank and its clients".
Dr Kofi Mensah added that there has been a decentralization of the agricultural financing department and the aim is for every branch of the bank to have an agricultural desk.
This is to help make the services of the bank available to its clients, especially in the agricultural sector.
Also, the ADB MD said the electronic platform is not going to cause a reduction in the human resource of the bank and as they are employing more people in the agricultural sector and that is where the expansion is more tremendous.
According to Dr Kofi Mensah, modern-day Agric deals with technology and electronic facilitation.
The bank is exhibiting its capacity in the technological space with our products which are international and not restricted to local usage only.
ADB agricultural portfolio in the loan book of the bank was at 20% as at December 2017 but it is now at 35% which is a figure about ¢800 million but they are working hard to get to achieve a 50% target.
Ebo Quayson, the Head of E-Business, also told Joy business that “ADB is moving to a point where the bank will partner with government to use the bulk payment platform to pay cocoa farmers.
“The same platform will be used to pay for cocoa inputs within the agricultural sector in general”.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Why you should not miss Joy FM’s 2025 Family Party in the Park
6 minutes -
NSA boss Ruth Dela Seddoh vows to end ghost names, save public funds
11 minutes -
Government secures 40,000 acres in Yeji for Agro-Industrial Expansion
40 minutes -
Election security team engages NPP ahead of January 2026 presidential primaries
43 minutes -
Jail corrupt officials in galamsey fight – Haruna Iddrisu to Judiciary
1 hour -
Walewale MP dismisses forest mining ban as a superficial response to galamsey
1 hour -
Government targets 2026 restart for Komenda Sugar Factory
1 hour -
Chiefs must be central to galamsey fight – National House of Chiefs President
1 hour -
Over 1.3m youth outside jobs and school as GSS flags deepening employment gaps
1 hour -
Youth joblessness a security risk as 1.3m remain idle – Opare Addo
1 hour -
You can’t levy athletes to Fund Sports Bill – Former Sports Minister
1 hour -
Adu-Boahene trial: Testimony of prosecution witness favouring our defence – Atta Akyea
2 hours -
Attorney-General lauds EOCO’s Executive Director
2 hours -
Eastern Regional FDA undertakes operation against unregistered baby diapers
2 hours -
Local Government Ministry steps up unannounced sanitation inspections ahead of Christmas
2 hours
