The Agricultural Development Bank (ADB) has announced that it has received approval to issue in excess of 39 million ordinary shares to the Ghana Amalgamated Trust (GAT) to raise GH¢127 million in order to help meet its minimum capital requirement. This is in fulfillment of ADB’s recapitalisation of four hundred million cedis required of commercial […]
Tag: agricultural development bank
Kamaldeep Singh assumes charge as Chairman Punjab State Cooperative Agricultural Development Bank
Chandigarh, Jan 7 (UNI) Mr Kamaldeep Singh assumed charge as the Chairman Punjab State Cooperative Agricultural Development Bank here on Tuesday. Cabinet Ministers Rana Gurmit Singh Sodhi, Balbir Singh Sidhu, Sadhu Singh Dharamsot and Dr Raj Kumar Verka, MPs Manish Tewari, Jasbir Singh Gill and Dr Amar Singh were prominent among those who were present […]
CalBank names Philip Owiredu as CEO
CalBank has announced the appointment of Philip Owiredu as the Chief Executive Officer (CEO) of the Bank effective 1st January 2020. The appointment of the new CEO was approved by the Bank of Ghana in December 2019. Mr. Owiredu has been an outstanding leader during his tenure as the Bank’s Executive Director/Chief Financial Officer (CFO) […]
China’s central bank injects liquidity into market in December
BEIJING, Jan. 4 (Xinhua) — China’s central bank continued to pump cash into the money market in December to meet liquidity demand from financial institutions. A total of 600 billion yuan (about 85.7 billion U.S. dollars) was injected into the market via the medium-term lending facility (MLF) last month to maintain liquidity in the banking […]
Nine in court for stealing GH¢ 135,330 from adb
Nine persons, who allegedly appropriated cash in the sum of GH?135,330 belonging to the Agricultural Development Bank, have been arraigned before an Accra Circuit Court. The accused persons also allegedly used their VISA cards to embark on the same nefarious acts at the Madina branch of the bank but failed. The accused persons include Leonard […]
ADB hesitates in giving us loans – Peasant farmers
Peasant farmers in the country have claimed the Agricultural Development Bank (ADB) hesitates in granting their loan requests once they notice they are farmers. According to the programs manager for the Association of Peasant farmers Charles Nyaaba, farmers go through a major struggle in securing loans from banks, even from mandated once such as ADB. […]
Xmas Activities Pick Up, President Akufo-Addo Lights Tree
Christmas is four days away and characteristic of the days leading to December 25, the nation’s capital, Accra, is bubbling with human movements and frustrating vehicular traffic. What started as a slow build-up has suddenly assumed the usual busy pace of activities with many of the major roads in the Central Business District bursting at […]
Mauritius: Development Bank of Mauritius Opens New Branch in Rose Belle
A new branch of the Development Bank of Mauritius (DBM) as well as its new logo were launched today in Rose Belle. The Minister of Finance, Economic Planning and Development, Dr Renganaden Padayachy, the Chairman of the DBM, Mr Anand Babbea, and other eminent personalities were present at the event. In his address, Dr Padayachy […]
Agripower Introduces drone Crop spraying technology
File photo An Agriculture driven company with the sole aim of reconciling ecological organic farming with economic efficiency, Agripower Limited, has introduced the use of Drone technology in crop spraying to enhance productivity of farmers and reduce the dependance on manpower to fertilize crops. According to Agripower, for centuries, crop spraying has been an arduous […]
BAAC, agencies partner to upgrade smart farms
Mr Apirom says the Bank for Agriculture and Agricultural Cooperatives will improve the way farmers are delivered assistance. Deputy Prime Minister Somkid Jatusripitak has ordered the Bank for Agriculture and Agricultural Cooperatives (BAAC) to team up with the Industrial Promotion Department and the Tourism Authority of Thailand (TAT) to develop and upgrade smart farmers and […]