The oldest bank in the world still in existence is Banca Monte dei Paschi di Siena, headquartered in Siena, Italy, which has been operating continuously since 1472 and has not been merged with any bank since inception. In Ghana, the Bank of the British West Africa and Barclays Banks (a merger of the Anglo-Egyptian Bank […]
Tag: agricultural development bank
ADB effects regulatory changes; set for sustained growth
Board Chair of ADB, Alex Bernasko Board and management of the Agriculture Development Bank (ADB) have set a 5-year strategic plan to set the bank on a path of sustained growth. This was after the bank recorded a profit before tax of GH¢34 million in 2018 – a dip from the GH¢47 million tax before […]
ADB to raise GH¢127 million to meet BoG’s minimum capital requirement
Agricultural Development Bank This is after shareholders of ADB voted to allow the bank to raise GH¢127 million to enable it to meet the minimum capital requirement set by the Bank of Ghana. This will be made through the private placement of shares with the Ghana Amalgamated Trust PLC which has been mandated to assist […]
Ghana: Shareholders Approve Gh¢127 Million Capital Support for AdB
Shareholders of the Agricultural Development Bank (adb) yesterday unanimously approved an amount of GH¢127 million from the Ghana Amalgamated Trust (GAT) to enable the bank meet the GH¢400 million minimum requirement by the Bank of Ghana (BoG). The amount which ADB needs to meet the BoG capital requirement would give GAT significant shares in the […]
Ghana Tourism Authority trains operators in Western and Central Region
The training targets informal food and beverage enterprise operators in the tourism industry The Ghana Tourism Authority under the auspices of the Ministry of Tourism, Arts and Culture (MOTAC) has organised a training and sensitization programme for the Informal Food and Beverage sector of the Tourism Industry. This was done in partnership with the various […]
Goldman Sachs plans expansion of fixed income ETF suite
Goldman Sachs Asset Management (GSAM) has filed regulatory documents with the US Securities and Exchange Commission (SEC) for the launch of six new fixed income ETFs. Goldman Sachs has filed regulatory documents for the listing of six new ETFs in the US. The funds, which are linked to indices created in collaboration between with FTSE […]
ADB to secure GHC127m through GAT to meet BoG’s GHC400m minimum capital requirement
Alex Bernasko To meet Bank of Ghana’s (BoG) new minimum capital requirement of GHS 400,000,000, stakeholders of the Agricultural Development Bank (ADB), have given a nod to the bank to secure an amount of GHC127,000,000 through the Ghana Amalgamated Trust PIc (GAT). Securing the above amount, will enable the ADB increase its stated capital to […]
Ghana: ADB to Invest More in Digital Banking – MD
The Managing Director (MD) of Agricultural Development Bank (ADB), Dr John Kofi Mensah, has reiterated his outfit’s commitment to invest more into digital banking in order to expand financial transactions in the country. According to him, the world was in the century of information therefore, the bank was working tirelessly to improve on its services […]
ADB to spearhead Agric revolution through digital banking system
Dr John Kofi Mensah, Managing Director of ADB The Agricultural Development Bank (ADB) in its quest to be on top of the banking system has introduced the E-banking to help its clients especially for those in the agricultural sector. Dr John Kofi Mensah, the Managing Director of the bank, in his opening address stated that […]
ADB plans more investments in digital banking
File photo The Agricultural Development Bank (ADB) is committed to investing more in digital banking products and poised to spearhead agriculture revolution through its digital banking system, Managing Director of the Bank, Dr John Kofi Mensah, has stated. He said that formed part of the bank’s strategy to expand financial transactions in the country’s agricultural […]