News Guide Africa

Tag: Agricultural Development Bank (ADB)

  • ADB MD Dr Sarpong Launches Seed Fund For Central Business Entreprenures Club

     

    Dr Ato Sarpong addressing NDC Central Region elections officers

     

    By Adnan Adams Mohammed

     

    Elmina, Ghana – Dr. Edward Ato Sarpong, Managing Director of ADB Ghana PLC, has created a GH¢200,000 seed fund towards establishing the Central Business Entreprenures Club.

     

    The initiative was announced during a Christmas celebration with Central Regional 2024 Collation officers and Constituency Directors of Elections in Elmina.

    Dr Ato Sarpong in a group pose with NDC faithfuls

    Dr. Sarpong, known for his enterprising skills and experience urged party faithfuls to embrace entrepreneurship, forming partnerships and focusing on creating businesses rather than seeking jobs.

     

    “To be successful in business, one must sacrifice a lot,” he cautioned.

     

    The Central Region Business Club is aimed at recruiting, nurturing, and mentoring new entrepreneurs.

     

    “The job channel is very competitive; focus on work or creating business,” Dr. Sarpong advised party youths.

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    In attendance was; Central Regional Director of Elections and IT Dr. Daniel Nartey, Regional vice chairman, Regional Deputy Organiser, Comrade Joseph Mensah Abakah (Commander 1) and Constituency Chairman of KEEA Hon John Quaicoo.

     

    “We want to encourage young people to take entrepreneurship seriously,” Dr. Sarpong said.

     

    “This seed fund is just the beginning; we hope to inspire a new wave of business leaders in the region.”

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    Comrade Mensah Abakah in his submission, recounted how Dr Sarpong has contributed to his personal life development in becoming a top management staff at ADB Bank.

     

    He admonished party youth to be time conscious and patience in their endeavours in their political and professional careers.

     

     

  • Deputy Finance Minister attends ADB LU delegates conference, commends Bank for strong financial performance

    Deputy Finance Minister attends ADB LU delegates conference, commends Bank for strong financial performance

    The Deputy Minister for Finance, Honourable Thomas Nyarko Ampem, has commended the Board, Management, and Staff of the Agricultural Development Bank (ADB) PLC for turning the fortunes of the Bank and recording historical growth and performance.

    He made the call when he opened the 6th Quadrennial Delegates Conference of the ADB Local Union of the Union of Industry, Commerce and Finance (UNICOF) of the Trades Union Congress (TUC) recently held at Miklin in Accra.

    The Deputy Minister commended ADB for recording a strong financial performance by posting a profit before tax of GH¢447.49 million in the 2025 third quarter, representing a 154 percent increase over the same period in 2024.

    He attributed the Bank’s growing balance sheet position, operational efficiency, and renewed public confidence to the dedication, professionalism, and commitment of its Board, Management, and Staff.

    “The strong financial performance ADB recorded doesn’t happen by chance but as a result of discipline, professionalism, and collaboration between management and staff of the Bank,” Hon. Nyarko Ampem stated.

    He urged management, the union, and the entire staff of ADB to continue to engage constructively and work together, at all times, to create a sustainable bank that will be admired globally for its people, processes, and performance. “I urge you all to work hard to help achieve the vision of the Bank, thus being among the top three (3) performing banks in Ghana,” he said. He reiterated government support for ADB to achieve its strategic vision.

    Hon. Nyarko Ampem said that 2025 marked a turning point for Ghana’s economy, citing easing inflation, improved cedi stability, ongoing fiscal consolidation, and a gradual return of investor confidence. He noted that these gains had been achieved through difficult reforms and the resilience of workers across all sectors of the economy, including the banking industry.

    According to him, macroeconomic stability should lead to stronger institutions, while stronger institutions must invest in their workforce to sustain growth, describing the relationship as essential to building resilient and competitive organisations.

     

    Earlier, the Managing Director of ADB, Edward Ato Sarpong, reaffirmed Management’s commitment to staff engagement and dialogue, outlining the Bank’s transformation agenda under Project 135, which he said was aimed at improving performance, strengthening operational efficiency and repositioning ADB as a competitive and people-centred institution under its Beyond Banking identity.

    “As part of the strategic direction, our beloved Bank will continue to introduce innovative products and services, expand its digital channels and open more branches to enhance convenience and bring banking closer to everyone,” the ADB MD said. “Our hallmark is service excellence and we are taking the necessary steps to ensure service experience that delights our valued customers across all our channels,” he added. He reiterated the unwavering commitment of management to staff welfare, whilst ensuring a strong and sustainable Bank for everyone.

     

    The delegates conference was attended by top officials and staff of the Bank, union executives and other invited guests. New union executives were subsequently elected to steer the affairs of the local union.

     

     

  • ADB MD fetes ex-staffs to deepen bonds at end-of-year party 

    ADB ex-staffs with Dr Ato Sarpong

     

    The Managing Director (MD) of the Agricultural Development Bank (ADB) PLC, Mr. Edward Ato Sarpong, and team graced the end-of-year party organized by the Bank’s ex-staff association held in Accra on Saturday, December 13, 2025.

    Addressing the gathering, the Managing Director described the retirees as the backbone of the institution, noting that their dedication and professionalism laid the foundation for the Bank’s growth and relevance over the past six decades.

    He noted that the engagement was taking place at a time when ADB has recorded strong financial performance, attributing the progress to prudent management, operational efficiency and the enduring values.

    In a move that was met with excitement and relief, the Managing Director announced that steps were being taken by the Bank to improve the welfare and wellbeing of its retirees, especially in the area of medical scheme, etc.

    He further reiterated that the Bank will deepen engagement with its retirees to ensure that the invaluable institutional memory they possess continues to guide ADB’s progress. “We are committed to building stronger ties with all of you. Your sacrifices shaped this institution, and it is only right that the Bank remains present in your lives,” he said.

    “This is also in line with our new corporate tagline, Beyond Banking which is not just a tagline, but a commitment to redefining banking; empowering businesses; building futures; driving prosperity; and nurturing communities,” he added.

    The Managing Director thanked the retirees for their years of dedicated service and reaffirmed management’s commitment to nurturing lifelong relationships with former staff, in line with ADB’s Beyond Banking agenda.

    On his part, the Chairman of the ADB Ex-Staff Association, Mr. Daniel Otabil Koomson, expressed his warm appreciation, on behalf of the executives and membership of the association, to the Bank for sponsoring the event. He also commended the Managing Director and his team for making time to attend the event.

    The ex-staff end-of-year party provided an opportunity for interactions, sharing of experiences and offering suggestions on the forward match of the Bank and its stakeholders.

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  • ADB lauds Agricultural Initiatives of Government, commits to Providing Needed Support

    ADB lauds Agricultural Initiatives of Government, commits to Providing Needed Support

    The Agricultural Development Bank (ADB) PLC has applauded the government’s agricultural initiatives aimed at strengthening food security and accelerating national development, and reiterated its unwavering commitment to providing the needed support to ensuring successful implementation.

    The statement was made by the Deputy Managing Director (DMD Services) of ADB, Professor Ferdinand Ahiakpor, on behalf of the Managing Director, Edward Ato Sarpong, at the 16th National Farmers’ Forum on Thursday, December 4, 2025, as part of this year’s National Farmers’ Day celebrations in Ho, Volta Region.

    This year’s forum featured presentations from ADB, the Ministry of Food and Agriculture (MOFA) and the Ministry of Fisheries and Aquaculture Development (MoFA).

    In his statement, Prof. Ferdinand Ahiakpor underscored ADB’s readiness to collaborate closely with the government for the implementation of several strategic initiatives aimed at accelerating the economic transformation of the country. He highlighted some of the key programmes, including the Oil Palm Development Finance Window, the establishment of Farmers’ Service Centers, and the Women and Youth in Aquaculture Programme.

    He added that ADB will also reinforce government’s efforts through enhanced financing for the National Food Buffer Stock Company to enable the mopping up of excess produce from farmers across the country.

    “These interventions are designed to boost production, expand agribusiness opportunities, and safeguard national food systems,” the ADB DMD services noted.

     

     

    “In addition, the Bank is set to increase investments in essential agricultural inputs and infrastructure, ranging from fertilizers, seeds, and agrochemicals to warehouses, agro-processing facilities, and irrigation systems all geared toward improving productivity and creating a more resilient agricultural sector,” Prof Ahiakpor added.

    To advance these commitments, Prof. Ahiakpor announced that ADB’s Agribusiness Division has been tasked to deepen engagement with the Ministry of Food & Agriculture, the Ministry of Fisheries & Aquaculture Development, and other key outfits. The objective, he explained, is to develop workable collaborative frameworks that will ensure smooth, effective, and timely implementation of these interventions.

    “Our readiness to partner government forms part of ADB’s broader mission to enhance agricultural productivity and improve food security,” he stressed.

    The Minister of Food and Agriculture, Hon. Eric Opoku, launched the Feed Ghana Programme (FGP) Policy Document at the farmers’ forum as part of the farmers’ day celebrations. The ‘Feed Ghana Programme’ is the flagship initiative of the broader Agriculture for Economic Transformation Agenda (AETA) which is aimed at modernising agriculture, the FGP seeks to create jobs, reduce food inflation, and foster agro-industrial development.

    Highlights of the policy programme include prioritising key agricultural commodities such as maize, rice, and cocoa, as well as implementing targeted interventions to promote smart farming practices across the country. The introduction of Farmers’ Service Centres, aimed at providing mechanisation services and technical support, is one of the cornerstone strategies set to empower local farmers.

    The ADB General Manager in charge of Agribusiness, Kwame Asiedu Attrams, in his presentation, took participants through sustainable financing as a driving force for transforming the agricultural sector.

    Present at the forum were the Bank’s Deputy Managing Director in charge of Operations, Mrs. Sylvia Naa Kwakai Nyante; the Volta Regional Minister, Hon. James Gunu; award winners; representatives from ADB, MOFA, and MoFA; as well as other key stakeholders and captains of industry.

     

     

     

     

     

  • NDC Deputy Central Regional Organiser Joseph Mensah Abakah Lauded as Rising Force in Grassroots Leadership

    NDC Deputy Central Regional Organiser Joseph Mensah Abakah Lauded as Rising Force in Grassroots Leadership

    Joseph Mensah Abakah, the Deputy Central Regional Organiser, is steadily making his mark with quiet strength and remarkable dedication.

    His achievements within ADB are being celebrated not only as personal milestones, but also as victories shared by the entire ADB team, the Central Region, and Ghana at large.

    Widely admired for his strong connection to the grassroots, he is described as accessible, committed, and deeply in touch with the daily struggles and aspirations of ordinary party faithful.

    Supporters highlight his unwavering loyalty to the NDC’s base and his passion for uplifting the vulnerable, qualities that many say make him a beacon of hope for genuine grassroots transformation.

    Joseph’s rise reflects what discipline, humility, and service-focused leadership can accomplish.

    Today, he stands as a shining example of progress, potential, and purpose. His story continues to inspire the youth, the party, and the region he proudly represents.

  • Government set to Recapitalise ADB as Bank Posts Strongest Financial Performance in Years

    Government set to Recapitalise ADB as Bank Posts Strongest Financial Performance in Years

    The Finance Minister, Dr. Cassiel Ato Forson, has announced the government’s decision to recapitalise the Agricultural Development Bank (ADB) in the coming days.

    The announcement was made by the Finance Minister as part of the 2026 Budget Statement (page 145, item number 1191) presented to Parliament on Thursday, November 13, 2025.

    The decision has been hailed as timely and strategic, especially coming at a moment when the Bank is delivering its most impressive financial performance in decades.

    ADB posted pre-tax profit of GH¢447 million for the third quarter of 2025, more than double the GH¢176 million recorded over the same period last year.

    Profit after tax also surged to GH¢288 million, while total operating income climbed to GH¢1.71 billion, supported by solid growth in both interest and non-interest income.

    The Bank’s liquidity ratio is well above regulatory thresholds, ensuring comfort and easy access to funds and other banking transactions at any time by our customers.

    Against this backdrop of renewed progress, government’s planned capital injection is expected to accelerate ADB’s upward trajectory.

    In his comment on the 2026 budget statement presented by the Finance Minister to Parliament, the Managing Director of ADB PLC, Edward Ato Sarpong, expressed the deepest appreciation of the Bank to its shareholders, particularly the government, for the recapitalization decision.

    “The planned recapitalisation of ADB is a strong vote of confidence in the institution’s resilience, performance and national mandate,” the MD said. “ADB is on the verge of achieving a historic financial milestone, in terms of performance, and the planned recapitalisation provides a fresh momentum for the Bank to expand its operations and deepen support for national development,” he added.

    He assured all stakeholders of ADB’s commitment and determination to consolidate its gains in the immediate term and to accelerate its growth in the medium to long term. He further assured stakeholders of the steadfast determination of the Board, Management, and Staff to make the Bank (ADB PLC) great and among the top 3 leading and performing banks in Ghana.

    ADB remains committed to sustaining its growth momentum, strengthening governance, and delivering measurable impact in line with its mandate. As the Bank celebrates six decades of service, management believes the combination of strong underlying performance and stakeholder backing will position ADB to play an even greater role in Ghana’s development, a promise anchored in its brand philosophy, Beyond Banking.

    The recent performance of ADB, some industry analysts say, underlines the bank’s disciplined execution of its transformation strategy and improved operational efficiency, which have led to the growing confidence of customers and the general public in the bank’s strategic direction.

     

     

     

     

  • ADB Ladies Climax Breast Cancer Awareness Month with Pink Ladies Soirée as Bank Donates to Flames of Hope Foundation

    ADB Ladies Climax Breast Cancer Awareness Month with Pink Ladies Soirée as Bank Donates to Flames of Hope Foundation

    Agricultural Development Bank (ADB PLC) Ladies Association has climaxed this year’s Breast Cancer Awareness Month with “Pink Ladies Soirée.” An event organized as part of the association’s commitment to promoting women’s health and wellness, while creating awareness on the prevention and early detection of breast cancer.

    The colourful event, held on 31st October 2025, brought together staff from various departments and branches of the Bank, as well as invited guests.

    It was also attended by health professionals, and breast cancer survivors including Miriam Abla Anani and Georgina Setorwu Kumah-Dzagah who recounted their survival journeys from diagnosis through to treatment.

    Speaking at the event, the Managing Director of the Agricultural Development Bank (ADB PLC), Mr. Edward Ato Sarpong reaffirmed the Bank’s unwavering commitment to the health, wellness, and overall well-being of its employees.

    He emphasized that initiatives such as the Pink Ladies Soirée are not only symbolic but also essential in nurturing a workplace culture that prioritizes health awareness, prevention, and support.

    Mr. Sarpong noted that creating opportunities for open dialogue on health-related issues, especially breast cancer, helps break stigmas and encourages early screening and treatment.

    He commended the ADB Ladies Association for their proactive efforts in championing women’s health and for aligning their initiatives with the Bank’s corporate value of being purpose driven.

    The Managing Director pledged a cash donation of Twenty Thousand Ghana Cedis (GHS20,000.00) on behalf of the Bank to the Flames of Hope Foundation in support of awareness campaign on the prevention and management of breast cancer.

    “I am optimistic that through consistent awareness and collective action, many more lives can be transformed and hope restored to individuals and families affected by breast cancer,” he said.

    Commenting on the Pink Ladies Soirée and the breast cancer month in general, the Deputy Managing Director in charge of Operations, Mrs. Sylvia Naa Kwakai Nyante, emphasized that the fight against cancer is a shared responsibility that required the collective effort of individuals, families, institutions, and society as a whole.

    “Breast Cancer awareness, early detection, and support for those affected are not duties reserved for the health sector only but there is the need for active participation of all and we as a bank recognize the crucial role of education and advocacy in saving lives,” Mrs. Nyante said.

    The President of the ADB Ladies Association, Bridget Lekanong Nuotuo Kaminta, encouraged all staff to carry the message of awareness beyond the event by actively supporting breast cancer initiatives and prioritizing regular health checkups for themselves and their loved ones.

    “The fight against breast cancer extends far beyond the month of October, it is a continuous effort that requires compassion and shared responsibility,” she added.

    Other activities of the soiree included breast screening exercises by the Trust and Islamic Hospitals.

     

     

     

     

  • ADB Holds Branch Managers Strategy Session for Service Excellence and Sustainable Growth

    ADB Holds Branch Managers Strategy Session for Service Excellence and Sustainable Growth

    The Agricultural Development Bank PLC (ADB) has held a two-day strategic session for its branch managers, aimed at driving service excellence and setting the tone for a stronger performance going forward.

    The session, which took place on October 23 and 24, 2025, brought together Branch Managers, Executive Committee Members, and senior management to review the Bank’s performance, share insights, realign strategies for the last quarter of this year as well as expectations for 2026.

    Opening the session, the Managing Director of ADB, Mr. Edward Ato Sarpong, set the tone by sharing inspiring success stories from leading multinational companies, urging participants to adopt bold and innovative thinking in their operations.

    “The global business environment is evolving rapidly, and so must we. We cannot continue to do things the same way and expect different results. The time has come to think differently, act decisively, and lead with creativity,” Mr. Ato Sarpong charged.

    He further reiterated management’s resolve to strengthen ADB’s leadership in agribusiness financing, digital transformation, and customer service excellence, noting that the Bank’s 60th Anniversary milestone should mark a new era of growth and innovation.

    On his part, Deputy Managing Director (Operations), Professor Ferdinand Ahiakpor, encouraged branch leaders to demonstrate ownership and accountability in driving results. He described the strategy session as a “crucial bridge between vision and execution,” urging managers to deepen customer relationships and embrace technology as a growth enabler.

    “The branch network is ADB’s frontline strength. As we prepare for 2026, we must shift from transactional thinking to strategic engagement, understanding customer needs, leveraging data, and offering tailored financial solutions that reinforce trust in the ADB brand,” Prof. Ahiakpor said.

    The general manager in charge of retail banking, Frank Okyere-Adarkwa, re-echoed the purpose-driven agenda of the bank. He reiterated the need for proactiveness in ensuring service experience that delivers value and convenience for our customers. “We must live by our corporate social architecture of delivering exceptional service experience that creates positive top-of-mind customer recall and leads to repeat patronage and referrals by our customers and stakeholders,” Mr. Okyere-Adarkwa stated.

    The Head of Marketing and Communications, Mohammed Ali, underscored the importance of consistent brand communication and customer engagement in achieving the Bank’s strategic goals.

    “Our marketing efforts must speak the same language as our strategy, one of relevance, visibility, and impact. As we move into the next phase of the Bank’s growth journey, every branch is a brand touchpoint, and every staff member a brand ambassador,” Mr. Ali remarked.

    The Branch Managers’ Strategy Session forms part of the Bank’s broader effort to ensure alignment between management and field operations.

    Discussions centered on consolidating gains in 2025 and exploring new business frontiers under ADB’s Beyond Banking brand direction.

  • ADB Strong Turnaround Continues as it delivers GH¢447.49million Pre-tax Profit in Q3

    ADB Strong Turnaround Continues as it delivers GH¢447.49million Pre-tax Profit in Q3

    Agricultural Development Bank PLC (ADB) has posted a strong financial performance for the third quarter of 2025, with profit before tax hitting GH¢447.49million, representing 153.66% growth compared to GH¢176.41million recorded during the same period in 2024.

    The Bank’s total assets grew by 17%, rising from GH¢13.87billion in September 2024 to GH¢16.22billion as of September 2025, reflecting continued balance sheet expansion driven by robust growth in investment securities and deposits. Customer deposits also increased to GH¢12.85billion, up from GH¢11.15billion a year earlier, while net investment securities rose significantly to GH¢6.45billion from GH¢4.71billion in the same period last year.

    Net interest income also recorded significant growth, climbing to GH¢918.1million from GH¢551.0million in 2024, buoyed by strong yields on investments and prudent income-generating initiatives. Total operating income increased by 53.5% year on year from GH¢765.7million in the same period in 2024 to GH¢1.17billion. The Bank’s new strategy and direction seem to be yielding impressive outcomes.

    Speaking on the Bank’s performance, the Managing Director of ADB, Edward Ato Sarpong, attributed the strong results to prudent financial management, improved efficiency, and tactical investment in areas that align with the Bank’s strategic vision.

    “Our performance for the period reflects ADB’s deliberate efforts over the past 9 months to stabilize our operations, strengthen our balance sheet, enhance profitability, and deliver long-term value to our diverse stakeholders while continuing to support key sectors of the economy, particularly agriculture. We are on course, on our 4-year strategy, to deliver sustainable value and growth for everyone,” Mr. Sarpong said.

    The Bank also demonstrated strong liquidity, recording a liquid ratio of 130% in 2025 Q3, well above the regulatory threshold.

    Mr. Sarpong reaffirmed the Bank’s commitment to sustaining prudent risk management practices while deepening its support for Ghana’s agricultural value chain and the Ghana’s economy as a whole.

    “As we approach the close of the financial year, ADB will continue its growth momentum, improving asset quality, expanding our income streams, enhancing operational efficiency, and strengthening the foundation to achieve our long-term strategic objectives,” he noted.

    Mr. Sarpong further paid glorying tribute to the staff, praising their resilience and their positive response to the new performance-oriented culture of the Bank. He further assured all stakeholders of the Bank of progressive conversations with shareholders to recapitalize the bank.

    As part of strategy, the Bank recently rolled out a new corporate tagline, Beyond Banking…, aimed at redefining banking, empowering businesses, building futures, driving prosperities, and nurturing communities.

     

  • ADB Renews Commitment to Enhance Service Experience …As It Marks Customer Service Week

     

     

    The Agricultural Development Bank (ADB) PLC celebrates this year’s Customer Service Week by reaffirming its commitment to delivering enhanced customer-centric solutions and service experience to empower individuals and support businesses.

    This year’s celebration, under the theme, “Mission: Possible,” underscores ADB’s preparedness to create sustainable value through enhanced customer experience.

    Speaking on the significance of the week, the Managing Director of ADB, Edward Ato Sarpong, emphasized that the Bank’s renewed focus on service excellence is deeply rooted in its strategic direction to build a resilient, forward-looking, and future-ready institution driven by innovation and customer-centricity.

    ADB MD in a photo with customers

    “Our strategic direction focuses on innovation, service excellence, and distinctive financial solutions which align with our core values of responsibility, entrepreneurship, integrity, service excellence, and purpose-driven,” he stated.

    Mr. Sarpong expressed profound gratitude to ADB’s customers for their loyalty and trust in the Bank over the past six decades. He noted that the Bank’s longevity and success have been made possible by customers who continue to believe in its purpose and mission.

    “As we celebrate Customer Service Week, we want to thank every customer who has journeyed with us. Your confidence and trust in ADB inspire us to continuously improve and serve you better,” he said.

    “Every interaction with our customers is an opportunity to make a positive difference,” Mr. Sarpong stated. “At ADB, we are not just providing financial services; we are building relationships, enabling growth, and contributing to Ghana’s social and economic development,” he added.

    The Managing Director further stated that the Bank’s mission to create sustainable banking for everyone remains a guiding principle shaping how ADB serves its customers, from personalized in-branch experiences to digital innovations that make access to finance simpler, safer, and more inclusive.

    He also reiterated that ADB’s new brand or corporate tagline, “Beyond Banking…,” embodies the enduring promise to redefine banking in Ghana. He indicated that Beyond Banking is more than a tagline, it is a commitment to empowering businesses, building futures, driving prosperity, and nurturing communities.

    As part of this year’s celebrations, management and other officials will visit selected branches to interact with customers and also take feedback as input for continuous improvement of service delivery and service experience. Other customer-centric activities are also being rolled out as part of the celebrations.

    The Customer Service Week, celebrated annually all over the world, recognizes the importance of customer service, and ADB always leverages this important week to show appreciation to its customers for their invaluable trust in the brand.