News Guide Africa

Tag: Dr Edward Ato Sarpong

  • 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.

     

  • Dr. Ato Sarpong: the new face of ADB gives hope 

    Dr Edward Ato Sarpong, ADB Bank MD

     

     

     

    Adnan Adams Mohammed

     

    A financial industry expert, Dr. Edward Ato Sarpong, has been appointed to lead the Agricultural Development Bank (ADB) as the Acting Managing Director.

     

    The business development expert and Chartered Accountant comes to the struggling bank with enormous experience in the finance sector.

     

    Many Ghanaians, especially those within the financial industry and his political allies, acknowledge his appointment as a proof of his exceptional leadership dexterities and dedication to public service. Says a leading financial journalist who is very conversant with the appointee, “Dr. Ato Sarpong’s impressive background in business, finance and governance makes him the ideal candidate for this position. His experience as a former Deputy Minister for Communications add to his advantage to help him better master control over the complex challenges and drive growth. His ability to think strategically and make informed decisions will undoubtedly serve him well in this new role.”

     

    “Dr. Ato Sarpong’s commitment to excellence has earned him recognition and respect from party faithful’s and Ghanaians at large, and this appointment is a well-deserved acknowledgment of his hard work and expertise”, the Central regional branch Organiser of the NDC, Mike Derry extolled.

     

    Dr. Ato Sarpong’s new role at the Agricultural Development Bank presents an exciting opportunity for him to make a meaningful impact on the country’s agricultural sector. Dr Ato Sarpong’s leadership and expertise will undoubtedly contribute to the bank’s success and help drive economic growth in Ghana.

     

    NDC chieftains are confident that Dr. Ato Sarpong will excel in his new position and will make the party and indeed the whole country proud.

     

     

    Profile of Dr.Edward Ato Sarpong

     

    Born on March 29, 1969, he is a business mogul, chartered accountant, leadership and business consultant, executive coach, speaker,  author, and a politician in Ghana.

     

    He started his working life as a messenger in the accounts department of Automotive and Technical Services (ATS).

     

    From there, he did a one year course at the Snaps College of Accountancy and then secured admission to the Institute of Professional Studies, now University of Professional Studies (UPS), where he studied for his Institute of Chartered Accountants certificate.

     

    Dr.Sarpong while at the UPSA, combined work and school in order to make some money to pay his tuition fees.

     

    Dr.Sarpong has worked at Kenbert Mines as their  Accountant and during that period, he frequently travelled from Accra to Ntronang, a small village in the Birim North District within the Eastern Region, where he was paying the workers who were doing exploration for the company.

     

    After a short stay, he started his professional practice as an Audit Trainee at Owusu & Fiadjoe, which later became Fiadjoe & Associates and then Ernst & Young as it is known today.

     

    Since then, he had never looked back as he worked with SCOA Ghana Limited, which was then the sole distributor of Peugeot, Opel and Chevrolet vehicles in Ghana, as Chief Accountant from 1999 until it was liquidated in 2002.

     

    Other positions he has held include: Finance Manager for Africa Online Ghana Limited and then as the Regional Financial Controller, West Africa, for Africa Online Holdings, before rising to become Managing Director for Africa Online Ghana Limited.

     

    From there, he became the Regional Managing Director – West Africa for Africa Online Holdings Limited, and then the Lead Consultant and Chief Operating Officer for K-Net Limited, a provider of connectivity solutions to banks and corporate institutions in Ghana, He has also worked as the Lead Consultant and Director, Operations and Commercial, for TV3 Network Limited

     

    Dr.Sarpong, who is now a Chartered Accountant, had also worked as a Business Consultant for Multimedia Group Limited, owners of Joy FM, Adom FM, Multi TV and others, as well as a Business Consultant and Trainer for Edge Capital Partners, his own firm, since 2011, and has served as a business and leadership trainer and  motivational speaker.

     

     

    Dr.Sarpong is also the MD of Ignite Media Group.