Despite the ravaging impact of the COVID-19 pandemic on the financial sector, Ghana’s sole agriculture bank, the Agricultural Development Bank (ADB) has recorded a 400 percent increase in profit after tax for the year 2020. GHS65.5 million was declared for 2020 as against GHS14.9 million recorded in 2019. This was announced by the former Board […]
The Agricultural Development Bank PLC (ADB) has recorded a profit before tax of GH¢65.4 million in 2020, up from the GH¢14.9 million recorded in 2019. This represented over 400 per cent growth in performance in 2020, occasioning a return on equity and return on assets of 7.69 per cent and 1.14 per cent. Addressing the […]
Melcom Made in Ghana Festival Dr John Kofi Mensah, Managing Director of the Agricultural Development Bank has called on Ghanaians to patronize made in Ghana products for the sustenance of government’s One District, One Factory (1D1F) initiative. He said the success of the initiative would largely depend on the patronage of the products produced by […]
Mr. John Kofi Mensah, MD of ADB The Annual General Meeting of the Agricultural Development Bank (ADB) will come off tomorrow 12 August, 2021. This is coming on the back of impressive financial performance last year and half-year 2021 results. Shareholders of the bank are expected to receive and consider the financial statement and reports […]
Director General of SSNIT, John Ofori-Tenkorang An analysis of the quality of the Social Security and National Insurance Trust’s (SSNIT) investments in loans and advances has revealed that 94.7% is impaired. Loans and advances of the trust amounted to GH¢1.7 billion (GH¢1,750,625,000). Out of this amount, a total of GH¢1.7 billion (GH¢1,705,212,000), representing 94.7%, falls […]
Honorary Vice President of Imani Africa, Bright Simons Founder of mPedigree who is also Honorary Vice President of Imani Africa, Bright Simons, has highlighted that out of the US$300million total investments undertaken by the management of the Social Security and National Insurance Trust (SSNIT), US$250 million have so far gone bad. He said this in […]
SSNIT • SSNIT has responded to the Auditor-General’s report • The company says US$4.15 million of the locked-up funds have been retrieved • SSNIT further states efforts are being made to recover the rest of the money The Management of the Social Security and National Insurance Trust (SSNIT) has reacted to the Auditor-General’s report that […]
Ecobank and the African Union Development Agency New Partnership for Africa’s Development ( AUDA-NEPAD ) have held a virtual graduation ceremony for more than 200 graduates of the Ecobank MSME Training for Financing Program. The Graduates came from the eight countries in the pilot phase of the MSME Academy including Kenya, Chad, Côte d’Ivoire, Ghana, […]
John Kumah, Deputy Minister of Finance The Government has underwritten the mortgage interest rate by 60 percent through the implementation of National Mortgage Scheme (NMS) under the National Homeownership Fund. The rate, according to Deputy Minister of Finance, John Kumah has been downsized from the 24 percent average market rate to 10 to 12 percent […]
Final summer season, within the wake of George Floyd’s homicide, Finest Purchase dedicated to “do better ” when it got here to supporting communities of shade. As a part of the retail big’s self-proclaimed mission to higher tackle underrepresentation and expertise inequities, the corporate introduced at this time that it’s investing as much as $10 […]
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