News Guide Africa

Tag: Agricultural Development Bank (ADB)

  • BoG to sell remaining ADB and NIB shares, clamp down on currency abuse

    BoG to sell remaining ADB and NIB shares, clamp down on currency abuse

    By Adnan Adams Mohammed

     

    The Bank of Ghana (BoG) has taken a decisive stance to fully divest its residual holdings in commercial banks, including the Agricultural Development Bank (ADB) and National Investment Bank (NIB), reinforcing its primary mandate as an independent industry regulator.

    Addressing journalists and media executives during an interactive session following the Monetary Policy Committee (MPC) meetings, the Governor of the Bank of Ghana outlined major policy updates covering state divestments, climate-risk banking frameworks, currency enforcement, and monetary policy dynamics.

    Exit from Commercial Banking Ownership

    Clarifying the central bank’s strategy regarding state-owned and commercial financial institutions, the Governor confirmed that the BoG Board has formally resolved to sell off its remaining equity stakes in ADB and NIB.

    “We still have some residual shares about 13% in ADB. The Bank of Ghana Board has taken the decision that we should dispose of that shareholding, and with time, later this year, that will be done,” the Governor stated. “In NIB, we have just around 1% shareholding. That will also be disposed of. Bank of Ghana certainly will get out of the space. We are a regulator and will continue to be a regulator in that regard.”

     

    Discipline, Consensus, and Interest Rate Trajectory

    On monetary policy voting mechanics and the committee’s decision-making process, the Governor clarified that recent policy holds stem from exhaustive risk assessments by all seven MPC members balancing global economic shocks against domestic recovery.

    “Talking about inflation and growth, it is the balance of those two types of factors and where they are tilting towards that informs the decision,” the Governor explained. “There are seven of us. Since last year, we’ve moved on to not just a consensus, but towards a majority decision. So the decision is based on what the majority decides, and that becomes binding on everybody.”

     

    Reaffirming the central bank’s broader long-term objective regarding credit accessibility, the Governor expressed optimism that borrowing costs will decline once current external pressures clear.

    “Lower interest rates are good for everyone. Private sector people can borrow lower. We are still committed to that; we want to see businesses access cheaper funding so they can expand and create jobs,” the Governor assured. “When these global shocks edge out, we will see a return to that lower interest trend.”

     

    Climate Risks, Unclaimed Balances, and Local Sentiment

    Addressing concerns over environmental sustainability, the central bank emphasized that recent severe flooding across parts of the country underscores the necessity of integrating climate risks into corporate lending decision-making. Commercial banks face a compliance timeline running through 2027 to implement these green framework guidelines.

    “The experience with recent flooding proves that we need to take these risks seriously going forward,” the Governor stressed. “We will do that as a central bank to make sure that credit decisions made by commercial banks always integrate environmental concerns.”

     

    Regarding recent shifts in consumer and business confidence surveys, the Governor described the shift as marginal and largely reflective of wider global financial instability, while encouraging formal legal applications for official inquiries into unclaimed bank balances.

    Crackdown on Coin Rejections and Currency “Spraying”

    Addressing public reports regarding traders and individuals refusing legal tender coins, as well as the mishandling of paper currency at public functions, the Governor issued a firm warning on upcoming enforcement drives.

    “The notes and coins we issue are legal tender for the payment of goods and services. So long as these are genuine notes and coins from the Bank of Ghana, they should be accepted,” the Governor affirmed.

     

    The central bank chief further announced an immediate halt to public currency abuse, specifically targeting money “spraying” and currency bouquets at celebrations.

    “One practice we want to discourage is those who spray notes at functions. We are going to make sure that practice is stopped immediately,” the Governor declared. “Notice has been issued, and we are going to ensure that we enforce that practice is discontinued.”

     

  • Government’s Digital Investments Creating New Economic Opportunities, ADB DMD Services

    Government’s Digital Investments Creating New Economic Opportunities, ADB DMD Services

    The Deputy Managing Director in charge of Services (DMD Services) at the Agricultural Development Bank (ADB PLC), Professor Ferdinand Ahiakpor, has commended the Government of Ghana for its strategic investments in digital transformation and technology infrastructure, describing them as critical catalysts for economic growth, innovation, financial inclusion, and private sector development.

    Speaking at the Africa Energy Technology Conference 2026, the DMD Services, who is a professor in economics, stated that government-led digital initiatives are creating significant opportunities for businesses, entrepreneurs, financial institutions, and young innovators across Ghana and the wider African continent.

    According to Prof. Ahiakpor, digitalisation is rapidly transforming economies globally, and Ghana’s commitment to expanding digital infrastructure, improving connectivity, strengthening fintech ecosystems, and promoting technology-driven governance is positioning the country for long-term economic competitiveness.

    “The government’s investments in digital transformation are not only modernising service delivery but also creating new economic opportunities for businesses, entrepreneurs, young people, and underserved communities,” the ADB DMD Services stated.

    He explained that technology has become one of the most powerful drivers of productivity, innovation, operational efficiency, and inclusive growth, particularly in emerging economies seeking to accelerate development and job creation.

    The ADB DMD Services noted that Ghana’s expanding digital ecosystem is opening up new possibilities in mobile banking, digital payments, e-commerce, agritech, fintech innovation, SME growth, and financial inclusion. He indicated that increased investment in digital infrastructure is also improving access to financial services and enabling businesses to scale operations more efficiently in an increasingly interconnected economy.

    “Digital transformation is reshaping how economies function, how businesses operate, and how people access opportunities. Countries that embrace innovation and technology today will be better positioned to compete tomorrow,” he added.

    Prof. Ahiakpor further highlighted the important role financial institutions must play in supporting the country’s digital transformation agenda through innovation, strategic financing, customer-focused technology solutions, and partnerships that empower businesses and individuals.

    He underscored the importance of collaboration between government, banks, fintech firms, technology companies, regulators, and development partners in building resilient and digitally inclusive economies.

    He stressed that stronger collaboration would accelerate entrepreneurship, expand financial inclusion, support SMEs, improve productivity, and create sustainable employment opportunities for the youth.

    Touching on ADB’s own transformation journey, the DMD Services reaffirmed the Bank’s commitment to innovation, digital banking excellence, and customer-centric service delivery. He noted that the Bank continues to invest significantly in digital banking platforms, mobile banking solutions, customer experience enhancement, cybersecurity, and technology-driven financial services designed to improve accessibility and convenience for customers.

    Professor Ferdinand Ahiakpor called for sustained investment in digital literacy, innovation hubs, and skills development to ensure that young people are adequately prepared for the opportunities emerging within the digital economy.

    The Africa Energy Technology Conference which took place at the La Palm Royal Beach Hotel, Accra, from 19th to 21st May 2026, brought together policymakers, business leaders, financial institutions, technology experts, energy stakeholders, innovators, and development partners to discuss emerging trends, investment opportunities, and strategic collaborations driving Africa’s digital and energy transformation agenda.

     

     

     

     

     

     

     

     

  • Ghana’s banking sector surges with GH¢465bn asset base

    Ghana’s banking sector surges with GH¢465bn asset base

    By Adnan Adams Mohammed

    Following a period of intense restructuring and economic turbulence, Ghana’s banking sector has emerged with a newfound resilience.

    New data from the Bank of Ghana (BoG) reveals a significant expansion in the industry’s footprint, with total assets surging to GH¢465 billion, signaling that the “cleanup” years are finally giving way to a period of robust growth.

    The recovery is being attributed to a combination of strict fiscal discipline, improved macroeconomic stability, and a gradual return of credit appetite within the industrial sector.

    The asset surge

    The BoG’s latest Banking Sector Report paints a picture of a financial system that has successfully navigated the choppy waters of debt restructuring. The GH¢465 billion asset milestone represents a double-digit growth rate compared to the previous year, driven largely by an increase in deposits and a strategic shift in investment portfolios.

    Industry analysts suggest that this liquidity provides the necessary “firepower” for banks to support the government’s recovery agenda. However, the central bank cautioned that while the balance sheets are larger, the focus must remain on asset quality to prevent a rise in non-performing loans (NPLs).

    Fiscal discipline: The foundation of strength

    The Managing Director of the Agricultural Development Bank (ADB) has linked this sectoral strength directly to the government’s recent economic reforms. Speaking on the sidelines of an industry gala, he noted that the “bitter pill” of fiscal discipline is finally yielding a sweeter result for the financial markets.

    “Fiscal discipline has made the banking sector and Ghana’s economy stronger,” the ADB MD stated. He argued that the government’s commitment to staying within its budgetary limits has reduced the risk profile of the state, which in turn stabilizes the banks that hold significant government paper. “We are seeing a more predictable environment where banks can plan for long-term growth rather than just managing daily liquidity crises.”

    The return of industrial credit

    Perhaps the most encouraging sign for the “real economy” is the recovery of credit growth. After months of being locked out of affordable financing due to high interest rates and low bank confidence, Ghana’s industrial sector is beginning to see a thaw in the lending freeze.

    A recent market report indicates that business confidence is improving as banks resume lending to manufacturing and construction firms. “Credit growth is showing a recovery in Ghana’s industrial sector,” the report highlighted, noting that as inflation cools, banks are becoming more willing to take on the risk of private-sector lending.

    “For the first time in nearly two years, we are seeing banks proactively looking for viable projects to fund in the industrial space,” noted a representative from the Association of Ghana Industries (AGI). “This is a clear signal that the financial system is no longer just surviving; it is starting to facilitate production.”

    Challenges on the horizon

    Despite the positive trajectory, the sector is not without its hurdles. While assets have surged, the “mismatch” between the central bank’s reference rate and commercial lending rates remains a point of contention for many SMEs. Furthermore, the memory of the Domestic Debt Exchange Programme (DDEP) remains fresh, leaving some retail depositors still cautious about long-term investment products.

    The government maintains that the current trajectory is sustainable. By maintaining fiscal discipline and encouraging digitalization within the banking halls, the Ministry of Finance aims to make the GH¢465 billion asset base a springboard for wider economic prosperity.

    As the second half of 2026 approaches, the banking sector stands as the most visible evidence of Ghana’s “Economic Turnaround,” moving from a state of repair to a state of expansion.

    Snapshot: Ghana’s Banking Recovery (2026)

    ● Total Sector Assets: GH¢465 Billion

    ● Key Driver: Improved fiscal discipline and deposit growth.

    ● Sector Outlook: Improving confidence in industrial lending.

    ● Primary Risk: Managing Non-Performing Loans (NPLs) as credit expands.

     

     

  • ADB Managing Director Celebrates Women as the “Conscience and Soul” of Society

    ADB Managing Director Celebrates Women as the “Conscience and Soul” of Society

    By Adnan Adams Mohammed

    On the occasion of International Women’s Day (IWD), the Managing Director of the Agricultural Development Bank (ADB), Dr. Ato Sarpong, has issued a stirring tribute to women, highlighting their indispensable role in fostering global stability and corporate excellence.

    ​In a statement released to commemorate the day, Dr. Sarpong lauded the unique contributions of women across all sectors of life, emphasizing that their influence extends far beyond professional metrics into the very fabric of human existence.

    ​The Pillars of Stability and Growth

    ​Dr. Sarpong underscored the profound impact women have on the social and economic landscape, noting that their inherent qualities provide a necessary equilibrium to the world.
    ​”Women are the conscience and soul of society,” Dr. Sarpong stated. “Their presence manifest stability, abundance, growth, compassion, peace and balance to the world.”

    ​The ADB boss further noted that when women are empowered with the right tools and environment, the ripple effects are felt throughout the entire economy. He argued that the “nurturing” nature of women is a key driver for long-term sustainability.

    ​Driving Performance and Completeness

    ​The Managing Director also touched upon the tangible benefits of gender diversity within the corporate world and leadership. He maintained that providing equal opportunities for women is not just a matter of equity, but a strategic imperative for high-performing organizations.

    ​”Given the opportunity, women nurture dreams, bring completeness, and drive performance in immeasurable ways,” he added, reinforcing ADB’s commitment to fostering an inclusive workplace where women can thrive.

    ​A Call to Action

    ​Under the global theme of IWD 2026, Dr. Sarpong’s message serves as a reminder for institutions to move beyond rhetoric and implement policies that actively support female advancement. He concluded his address with a simple, heartfelt salute to women everywhere:
    ​”Happy International Women’s Day.”

    ​The Agricultural Development Bank has long been a proponent of supporting women in agribusiness and entrepreneurship, and this latest tribute reaffirms the bank’s dedication to its female staff, clients, and partners across the country.

  • ADB Staff Honour MD Edward Ato Sarpong’s One-Year Anniversary

    ADB Staff Honour MD Edward Ato Sarpong’s One-Year Anniversary

    The Agricultural Development Bank (ADB) on Friday, February 6, 2026, observed a day of thanksgiving and celebration to mark the one-year anniversary of Dr. Edward Ato Sarpong as Managing Director of ADB PLC.

     

    Management and staff expressed heartfelt gratitude to God for the turnaround in ADB’s performance under Dr. Sarpong’s leadership. They commended his vision and dedication, noting that his stewardship has positioned the bank to achieve its new strategic goal of becoming one of the top three banks in Ghana.

     

    “We thank God for you, Sir, and pray that the good Lord continues to grant you good health as you lead ADB towards achieving our new strategic vision of becoming one of the top three banks in Ghana, globally admired for our people, processes, and performance,” the staff message read.

     

    Adding his voice, Mohammed Ali, Head of Marketing & Communications, lauded Dr. Sarpong’s humility and inclusive leadership style. He described the Managing Director as a leader who listens, motivates, and inspires confidence among employees. Ali urged colleagues to continue supporting Dr. Sarpong, emphasizing that collective effort will be key to realizing ADB’s ambitious vision.

     

    The celebration was marked with joy and appreciation, as employees reflected on the progress made over the past year. The bank’s renewed focus on excellence and innovation continues to be encapsulated in its mantra.

    Dr. Sarpong’s anniversary comes at a time when ADB is repositioning itself to strengthen its role in Ghana’s financial sector, with emphasis on agricultural financing and broader economic development.

     

     

  • ADB gives MSMEs a boost  …as stakeholders commend effective collaboration among mgt

    ADB gives MSMEs a boost  …as stakeholders commend effective collaboration among mgt

    In a major move to empower Ghana’s backbone businesses, ADB Ghana PLC is rolling out the red carpet for Micro, Small, and Medium Enterprises (MSMEs).

     

    The bank’s Head of Marketing and Communication, Mr. Mohammed Ali, met with the Coordinator in Charge of MSMEs today, sparking excitement and hope across the sector.

     

    A nationwide MSME Support Program is on the horizon, promising capacity building, digital inclusion, and flexible credit schemes to take Ghana’s MSMEs- to the next level.

     

    Managing Director, Dr. Edward Ato Sarpong, leaves no room for doubt: “ADB is committed to empowering MSMEs, driving job creation, poverty alleviation, and national development!”

     

    A loyal customer commended the Head of Marketing for his support and guidance guidance to Coordinator in Charge of MSMEs, Joseph Mensah Abakah.

     

    He said, “kudos to Mr. Mohammed Ali for being a rockstar supporter of MSMEs! Your dedication is felt, and the impact is real!”

     

    Stay tuned for more updates on ADB’s game-changing initiatives for Ghana’s MSMEs!

  • ADB top mgt tour local beverage facility …deepens commitment to SMEs partnership

    ADB top mgt tour local beverage facility …deepens commitment to SMEs partnership

    By Adnan Adams Mohammed

    Agricultural Development Bank’s (ADB) top management have toured the production facility of a strategic partner, a beverages and mineral water company at Oyarifa.

     

    The visit was part of ADB’s commitment to deepening partnerships and championing local industry.

     

    The Managing Director, Edward Ato Sarpong, and Deputy Managing Director, Prof. Ferdinand Ahiakpor led the ADB’s team and met with the management team of the beverages company, discussing ways to strengthen collaboration and drive innovation.

     

    Dr Ato Sarpong in his remarks reiterated that “ADB’s vision is to be a modern, resilient, and globally competitive bank, driving industry and empowering growth.”

     

    The tour is part of ADB’s bold rebranding and transformation efforts, aligning operations with international banking standards while focusing on national development.

  • ADB’s Ato Sarpong Emphasizes Legacy-Driven Leadership

    ADB’s Ato Sarpong Emphasizes Legacy-Driven Leadership

    The Managing Director of Agricultural Development Bank (ADB), Edward Ato Sarpong, has stressed that true leadership is about leaving a lasting legacy, not just holding titles.

     

    Speaking at an event, Sarpong emphasized the importance of disciplined youth leadership and announced a mentorship plan to guide young leaders.

     

    Sarpong, a chartered accountant with extensive experience in business and leadership, believes that effective leaders should prioritize empowering others and driving progress.

     

    His vision for ADB is centered around innovation, relevance, and responsibility, aiming to position the bank among Ghana’s top three banks.

     

    As part of his efforts, Sarpong has initiated a mentorship program to nurture young leaders and equip them with the skills needed to succeed.

     

    This aligns with ADB’s broader strategy, “Beyond Banking,” which focuses on redefining banking, empowering businesses, and driving prosperity.

  • A Marketing Maestro’s Milestone Birthday 

    Mohammed Ali, Head of Marketing Mark at ADB

     

    …as 2A Agency, Publisher of News. Guide Africa wishes Mr Ali Happy birthday 

     

    Industry leaders and colleagues are celebrating the birthday of Mr. Mohammed Ali, the esteemed Head of Marketing and Communication at ADB Ghana PLC. Described as a “gentle humble man” and “iconic gentleman”, Mr. Ali is being wished a birthday as “bold and innovative as his strategies”.

     

    In a heartfelt tribute, friends and well-wishers are praising Mr. Ali’s exceptional leadership, vision, and communication skills, which have made him an inspiration to many. “A titan of industry, a maestro of communication”, Mr. Ali is being celebrated for his contributions to ADB Ghana PLC and the marketing community.

     

    As he marks this special day, Mr. Ali is receiving wishes for “abundance of blessings”, “divine providence”, and “unparalleled triumphs”. Here’s wishing Mr. Mohammed Ali a happy birthday, filled with joy, promise, and fulfillment!

  • ADB holds IT and Innovation Strategy Session to drive digital growth

    ADB holds IT and Innovation Strategy Session to drive digital growth

    Accra, Ghana – Agricultural Development Bank (ADB) has convened an IT and Innovation Strategy Session aimed at developing cutting-edge, technologically driven products and services for its customers and the general public.

     

    The strategy session, attended by Managing Director, Edward Ato Sarpong; Deputy Managing Director in charge of Services, Prof Ferdinand Ahiakpor; Executive Management; IT experts, and other key stakeholders, seeks to position ADB as a leader in digital banking.

     

    “Switch to ADB, and let’s grow together,” the bank urged,t emphasizing its commitment to innovation and customer-centric solutions. ADB’s focus on technology and innovation is expected to enhance its services, making banking easier and more accessible for customers.

     

    The event highlights ADB’s slogan, “Beyond Banking…”, underscoring its mission to deliver more than traditional banking services.