The Member of Parliament for the Bolgatanga Central Constituency, Isaac Adongo has charged the Bank of Ghana to appoint governing board members for the ADB bank immediately.
“The Bank of Ghana has failed to approve the Board of Directors of Agricultural Development Bank Limited after receipt of the nomination of Board Members more than a year ago. This breach clearly weakens the corporate governance of the Bank.
“This conduct by BOG exposes depositors’ funds to significant risks from the decisions of the Bank without an approved Board. Unfortunately, these breaches are supervised by the bank of Ghana resulting in further systemic risks and eroding confidence in the banking sector,” he added.