The Managing Director of the Agricultural Development Bank (ADB), Dr. John Kofi Mensah has been inducted into the Chief Executives Network Hall of fame at the just ended 5th Ghana CEO’s Network Summit held in Accra.
The induction into the Hall Fame is in recognition of Dr. Mensah’s significant contribution to the Ghanaian banking sector and his leadership role in helping move the country forward through innovative and proactive initiatives which has led in building strong resilient companies.
The CEO’s Summit was attended by over 400 high level Decision Makers, Business Leaders, Entrepreneurs and Chief Executives with the Vice President of Ghana, Dr. Mahamudu Bawumia being the special guest of honor.
Since assuming office in 2017 as the Managing Director of ADB, the bank has witnessed a progressive growth in its financials from loss making to profit making with more digital innovation products and brand network expansion.
Under the leadership of Dr. Kofi Mensah, the bank registered a profit after tax of GH¢65 million, approximately 341% year-on-year growth for last year. The balance sheet size of the bank as at the end of December last year was GH¢10.5 billion as against GH¢8.3 billion in 2019.
The bank has also refocused to its core mandate of agribusiness financing by dedicating half of its total loan portfolio to agricultural related businesses.
The bank last year announced a GH¢500 million Broiler Value Chain to help revive the Ghanaian Poultry Industry and significantly pre-financed the purchase of outboard motors for stakeholders in the fishing sector.
ADB has been a major partner on government key projects including One District One Factory, Planting for Food and Jobs, Rearing For Food and Jobs etc.
The induction into the Chief Executives Network Hall of Fame adds up to several recognition won by Dr. Kofi Mensah for his sterling leadership within the Ghana Banking Industry.
Latest Stories
-
Haiti’s PM Ariel Henry resigns as transitional council is sworn in
16 mins -
Unforgettable stories from Primary School English text books
17 mins -
Jodie Comer to star in 28 Days Later sequel
25 mins -
CAFCC: GH₵36k for Baba Yara Stadium usage was for GFA, not Dreams FC – NSA clarifies
32 mins -
‘Lost’ Gustav Klimt painting sells for €30m
32 mins -
CAFCC: Zamalek arrive in Kumasi ahead of second leg against Dreams FC
36 mins -
Megan Thee Stallion: Cameraman accuses rapper of ‘hostile’ workplace
36 mins -
I would rather invest GH₵50,000 in my soul than go for body enhancement – Celestine Donkor
50 mins -
Four interdicted headteachers transferred after GES probe
59 mins -
Plastic Pollution: UN leads negotiations for international legally binding instrument to regulate usage
1 hour -
UKGCC to tour Golden Exotics on May 2, 2024 as part of World Press Freedom Day
1 hour -
NIC leads insurance firms to donate blood as part of 2023 Blood Donation Campaign
2 hours -
EC sets May 7 to 27 for voters’ register update
2 hours -
Lekzy Decomic, Clemento Suarez, OB Amponsah, others honoured at Ghana Comedy Awards
2 hours -
Harvey Weinstein’s 2020 rape conviction overturned
2 hours