The Agricultural Development Bank Limited (ADB) is to provide funding support to the Accra Anglican Dioceses for the development of a rubber plantation project. The project to be located on a One Thousand (1000) Acres land at Assin Nsuta in the Central Region is expected to create jobs and add about 1,535 metric tons of […]
Tag: XGHA_ADB
ADB records over 400% growth in 2020
Managing Director of ADB, Dr John Kofi Mensah Agricultural Development Bank (ADB) has made a profit after tax of GH¢65.4 million in 2020 compared to GH¢14.9 million in 2019, despite the adverse impact of the global pandemic. This represented over 400% growth in performance in 2020, occasioning a Return on Equity and Return on Assets […]
Survey of bank charges : most banks do not charge fees for ATM cash withdrawal
A survey of bank charges by the Bank of Ghana conducted in the first quarter of 2021 has revealed that majority of the 23 banks operating in the country do not charge customers’ fees for withdrawing cash from an Automated Teller Machine (ATM). However, almost all of them charge fees for issuance and maintenance of […]
ADB records over 400% growth in 2020
Managing Director of ADB, Dr John Kofi Mensah Agricultural Development Bank (ADB) has made a profit after tax of GH¢65.4 million in 2020 compared to GH¢14.9 million in 2019, despite the adverse impact of the global pandemic. This represented over 400% growth in performance in 2020, occasioning a Return on Equity and Return on Assets […]
Tanzania: Tadb to Plant 4,000 Trees to Make Dodoma Green
TANZANIA Agricultural Development Bank (TADB) has unveiled a plan to plant 4,000 trees as a way to support the government efforts in making Dodoma city green. Speaking at the Dodoma Green awards event yesterday, the TADB Manager Central Zone, Mr Yodas Mwanakatwe said that TADB always cares for the environment as a way of achieving […]
ADB’s profit after tax in 2020 up by 400% despite impact of COVID-19
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 […]
ADB posts 400% rise in profit
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 […]
Patronise made in Ghana goods to sustain 1D1F-ADB MD
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 […]
ADB’s AGM comes off tomorrow
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 […]
Tanzania: Tadb Must Have Impact, Says New Boss
THE new Tanzania Agricultural Development Bank (TADB) Managing Director, Mr Frank Nyabundege, yesterday appealed to fellow workers to work professionally and ensure majority of Tanzanians, especially farmers see the bank as a source of inspiration and a tool for the advancement. He told workers at the bank’s headquarters here that some 70 per cent of […]