JOYBUSINESS has learnt the Agricultural Development Bank (ADB) has crossed the first hurdle towards listing on the Ghana Stock Exchange by June this year. Sources say the Finance Ministry has given its approval to kick start the process of converting the bank from a state institution to a private entity. The bank could join the likes of Ghana Commercial Bank (GCB), Cocoa Processing Company and Ghana Oil - three former state-owned entities that have listed on the local bourse. State power generator, the Volta River Authority (VRA) is also working on a similar move. Meanwhile, Agricultural Development Bank has attributed its sterling performance for last year to some prudent management strategies. The bank, for the second successive time, saw a huge leap in its profits. Its Revenue After Tax went up by 300 percent to 51.1 million Ghana Cedis. Loans advanced to agricultural sector went up by 42 per cent to 142 million Ghana Cedis.