The Agricultural Development Bank PLC (ADB) has strongly refuted circulating allegations aimed at tarnishing the reputation of the Bank and its Deputy Managing Director, Eno Ofori-Atta.

In a press release, ADB categorically dismissed the claims as false and defamatory, emphasizing its unwavering commitment to professionalism, transparency, and adherence to regulations.

According to the Bank, the recent termination of employment for certain staff members, which has fueled these allegations, was a decision made by the Board of Directors during a duly convened regular meeting.

ADB clarified that all decisions within the institution are governed by strict compliance with relevant laws, regulations, and policies.

Mrs. Eno Ofori-Atta, the Deputy Managing Director, was lauded for her high standards of professionalism and exemplary performance since joining the Bank.

“She has consistently upheld the principles of integrity and diligence, which are central to the Bank’s operations,” the statement affirmed.

The Bank further assured stakeholders of its resolve to drive economic growth through agriculture and other developmental initiatives.

It urged the public to disregard the circulating falsehoods, labelling them as malicious attempts to undermine the Bank’s reputation.

“ADB remains focused on its core mission and will not allow baseless accusations to distract from its goals.

"The Bank will not hesitate to pursue legal action against individuals or entities propagating these falsehoods,” the statement concluded.

Stakeholders have been encouraged to treat the misinformation with the contempt it deserves. ADB reaffirms its commitment to fostering economic growth and maintaining the trust of its clients and partners.