The new Board of Directors of the Agricultural Development Bank Limited (ADB) have been sworn into office with the charge to continue with its core mandate of agricultural financing.
At a ceremony at the Ministry of Finance, a Deputy Minister of Finance, Dr. John Kumah, commended the previous board for refocusing the bank on its core mandate of agricultural financing and is optimistic the new board will continue with the vision of making the bank the best for agribusiness financing in the country.
The nine member board is chaired by Daasebre Akuamoah Agyepong II , Omanhene of the Kwahu Traditional Area with Dr. John Kofi Mensah (Managing Director) , Alhaji Habib Iddrisu , Prof. Eric Yirenkyi Danquah, Abena Osei-Asare, Prof. Peter Quartey, George Kwabena Abankwah-Yeboah, Evron Rothschild Hughes and Madam Mary Abla Kessie as members.
“With the coming in of the National Development Bank, ADB will get more funds for medium and long term agricultural financing programmes and I'm sure this will help increase the banks portfolio in the sector,” he said.
According to the Deputy Minister, ADB is well positioned to assist the National Development Bank equally fulfil its mandate of providing long term loans for agribusiness financing to ensure food security and create wealth for Ghanaians.
“ADB has since 2017 remained a key partner to government initiatives such as the Planting for Food & Jobs, Rearing for Food & Jobs and also the novel One District One Factory initiative and I wish to commend the Bank for such a support” he said.
The new Board Chairman, Daasebre Akuamoah Agyepong II on behalf of the members , thanked the president , Nana Addo Dankwa Akuffo Addo and other shareholders for the opportunity to serve as directors on the ADB board.
He pledged the determination of the board to work assiduously so that the bank can start paying dividends to government, whiles ensuring it focuses on agricultural financing.
“We are going to work hard to ensure we continue to improve on the financial performance of the bank so we can pay dividends to shareholders, he said.
Latest Stories
-
Thomas Partey makes first start in 2024 as Arsenal hit Chelsea for 5
31 mins -
Fatawu Issahaku scores hattrick as Leicester thrash Southampton
1 hour -
I was never interested in fame – Kofi Sarpong
1 hour -
Chinese supermarket in Abuja shut for allegedly barring Nigerians
2 hours -
CPP files injunction to halt Ejisu by-election
2 hours -
GRA clarifies status of resident individuals for tax purposes
2 hours -
Minority criticises Energy Minister for lack of leadership amid ‘dumsor’
2 hours -
Ghana’s cocoa farmers lament low earnings amid high prices
4 hours -
Rainstorm caused power outages in Greater Accra Region – ECG
4 hours -
KODA’s family requests for privacy ‘to mourn and heal’
4 hours -
Dumsor: Lack of sleep affecting workplace productivity
4 hours -
Kofi Adu Domfeh writes: When roads are constructed to kill
5 hours -
CAF Confederation Cup semi-final: We have the advantage – John Antwi
5 hours -
I hope that we’ll find a miracle – Céline Dion details Stiff Person Syndrome diagnosis
5 hours -
Government’s silence on energy crisis demonstrates a lack of leadership – Agyemang-Duah
5 hours