The Asantehene Otumfuo Osei Tutu 11 has commended the board and management of the Agricultural Development Bank for refocusing on its core mandate of agricultural financing.
According to him , ADB which was purposefully established to lend and support the growth of the agricultural sector had for some years redirected its focus to other areas aside its core mandate.
The Asantehene made these remarks during a courtesy call by the board and management of the bank at the Manyhia Palace on Friday.
The Asantehene said though the bank was now focusing on agricultural sector, the establishment of the National Development Bank should help ADB do more for the sector.
According to the Asantehene, he was hopeful the NDB will be able to give ADB funds at lower interest rates for ADB to give to farmers.
"Agriculture remains the backbone of our economy and the NDB should be able to give loans at lower interest rates to ADB for our farmers to easily access" he said.
The Asantehene said most of the current government initiatives like 1D1F, Planting for Food and Jobs etc were all about Agricultural Development, hence the need for all to empower ADB to continue doing more for the sector.
"I have watched the bank in recent years and all the support its lending to government and the private sector for the growth of the agricultural sector, but I know you are limited by funds so I will be an advocate at all forums for more funds to be given to you for the growth of the agricultural sector", he added.
The Chairman of the Board of Directors at ADB, Lawyer Alex Bernasko said ADB has since 2017 refocused its strategic direction to its main mandate of agricultural financing.

He said the bank has been a key partner to all government initiatives especially in the area of agribusiness.
Lawyer Bernasko said the current board and management has succeeded in moving the bank from loss making to profit making and was optimistic the trajectory will continue.
"We are working to make sure ADB becomes one of the topmost banks in the country within the next few years," he said.
According to Lawyer Bernasko the Bank was complying with all Bank of Ghana directives on corporate governance and this had positively contributed to the success story of the bank.
Other members of the team included the Managing Director, Dr. John Kofi Mensah, Mary Abla Kessie, Abena Osei- Asare, Kwabena Abankwah-Yeboah, Godwyll Ansah, Alhaji Alhassan Yakubu-Tali (DMD) and Mr. Leon Bannerman-Williams
Latest Stories
-
‘We make excuses for waste and stealing’ – Kofi Bentil laments
15 minutes -
’24-Hour Economy’ not much different from ‘Ghana Beyond Aid’ – Prof Bokpin
52 minutes -
NYA CEO demands shisha ban
2 hours -
SHS girl shot dead at Bimbilla Fire Festival celebration
3 hours -
No firearms at Fire Festival – Small Arms Commission warns
4 hours -
Education Minister promises increase in Students Loan Trust Fund allocation from GH¢70m to GH¢150m
4 hours -
Stronger cedi, lower prices: Decathlon Ghana slashes prices by 35% on over 500 sports items
5 hours -
Zoomlion deepens Africa expansion with strategic partnership in Kenya
5 hours -
Stronger cedi, lower prices: Decathlon Ghana slashes prices by 35% on over 500 sports items
6 hours -
“Love on the Ropes”- Ebo Whyte impresses again with rollercoaster of love, lies and live band fire
6 hours -
Nzema East Blue Water Guards partner Axim police to foil galamsey operations around Draw River Forest Reserve
6 hours -
Minerals Commission orders Heath Goldfields to cease operations at Bogoso-Prestea Mine amidst possible license revocation
7 hours -
Ghana Music Awards Europe adds ‘Best Political Song’ category to 2025 edition
8 hours -
Azumah Resources refutes claims of selling Black Volta Gold Project
8 hours -
GFA boss Kurt Okraku appointed President of CAF Inter-Club Competitions
8 hours