The Land and Agricultural Development Bank of South Africa has received the first tranche of a R3 billion equity injection from government. The initial R1.5 billion will be partly used to pay back creditors. The second tranche is expected to be received by the end of September. The Land and Agricultural Development Bank of South […]
Tag: agricultural development bank
China to establish agricultural reinsurance firm
BEIJING, Aug. 30 (Xinhua) — China’s top banking and insurance regulator has approved the establishment of a new agricultural reinsurance company to enhance financial service in the agricultural sector. The new reinsurance company, with registration capital worth 16.1 billion yuan (about 2.34 billion U.S. dollars), will be co-sponsored by nine institutions including the Ministry of […]
4th Ghana International Trade & Finance Conference Launched
Listen to article The Chief Executive Officer of Ghana International Trade & Finance Conference, Selasi Koffi Ackom, has held a press briefing here in Accra to launch and set a date for the upcoming GITFIC conference, which happens to be the AfCFTA Edition. Speaking during the launch, Selasi Koffi Ackom, CEO, GITFIC, mentioned that the […]
Pay wrongfully debited ¢10k back to UCC – Public Accounts Committee urges Agricultural Development Bank
According to the management, online academic work is restricted to lectures and tutorials. Parliament’s Public Accounts Committee (PAC) is urging the Agricultural Development Bank to pay back an amount wrongfully debited to the University of Cape Coast’s (UCC) account. The incident is said to have happened some 10 years ago involving an amount of ¢10,000. […]
Public universities urged to manage finances prudently
The Public Accounts Committee (PAC) of Parliament has urged managers of public universities to strictly adhere to prudent financial management and accounting principles to ensure the judicious use of resources. At its sitting yesterday, the committee observed that failure by the public universities to maintain appropriate accounting regimes did not only result in financial loss […]
Give NPP 4-More To Continue With The Agricultural Transformation Agenda—Alhassan Yakubu-Tali
Listen to article The Deputy Managing Director of the Agricultural Development Bank (ADB), Mr. Alhassan Yakubu-Tali, has called on Ghanaians, especially the people of the Northern region, to retain the NPP to continue with its good works especially in the area of agriculture. With the sector being the highest employer of the country’s labour force, […]
Waiver on agri taxes, loans urged
KARACHI: Sindh government on Monday urged its federal counterpart to announce waiver on agricultural loans and taxes to relieve the farmers whose crops have been destroyed by the devastating rains and flooding. “Sindh government has declared 20 districts as calamity-hit areas and we will take all measures for rehabilitation of farmers, while provincial agricultural taxes […]
COVID hits profit of commercial banks
Kathmandu, August 23 The profit made by commercial banks in the country dropped by a whopping Rs 8.68 billion in fiscal year 2019-20. According to the unaudited financial statements of the banks, the 27 commercial banks of the country earned a profit of Rs 54.31 billion in fiscal 2019-20 against a profit of Rs 63 […]
ADB to lend GH¢50m to outgrower farmers for two 1D1F projects
Dr. John Kofi Mensah, Managing Director for ADB Leadership of the Agricultural Development Bank (ADB), has said the bank will support outgrower farmers supplying raw materials to factories under the government’s flagship One District One Factory (1D1F) initiative. ADB’s Managing Director, Dr. John Kofi Mensah explained that industries established under the One District One Factory […]
Attempts to whitewash collapse of Heritage Bank won’t hold – ASEPA
The Alliance for Social Equity and Public Accountability (ASEPA) says there is no justification for the revocation of the licence of the Heritage Bank Ghana Limited. The advocacy group said the bank was solvent, solid, and posed no threat to the financial sector at the time it was collapsed, raising questions over the motivation for […]