Adu Boahen (4th left) with the new board members The number of directors of the Agricultural Development Bank (ADB) has dropped following the annulment of four institutional shareholders in the bank by the Bank of Ghana (BoG) last month. The four companies are Starmount Company Limited, EDC Investment, SIC Financial Services and Belstar Company Limited. […]
Tag: XGHA_ADB
adb Board To Chase Loan Defaulters
The new board of adb The newly-inaugurated board of the Agricultural Development Bank (adb) has promised to undertake aggressive and extensive recovery of the bank’s outstanding loans in order to meet the new minimum capital requirement of the Bank of Ghana (BoG). During the inauguration of the new board in Accra, Alex Bernasko, Board Chairman […]
adb Haunts Loan Defaulters
The new board of adb The newly-inaugurated board of the Agricultural Development Bank (adb) has promised to undertake aggressive and extensive recovery of the bank’s outstanding loans in order to meet the new minimum capital requirement of the Bank of Ghana (BoG). During the inauguration of the new board in Accra, Alex Bernasko, Board Chairman […]
Metro Mass takes delivery of 29 buses
Metro Mass Transit (MMT) Limited has taken delivery of 29, 47-seater buses to augment its fleet, with the view to improve on its services. The buses will be used on the Accra-Tamale, Accra-Bolga, Accra-Kumasi, Accra-Bawku, Takoradi-Kumasi, Kumasi-Wa, Kumasi-Bolga, Kumasi-Tamale and Kumasi-Hamile routes. They were handed over to the acting Managing Director of the MMT Limited, […]
Gov’t Reaffirms adb, NIB Merger
Ken Ofori-Atta Finance Minister Ken Ofori-Atta has indicated that government is focused on merging the Agricultural Development Bank (adb) and the National Investment Bank (NIB). The Finance Minister announced in the 2018 budget presentation last year that government was considering merging adb and NIB banks to serve industry and the agriculture sectors. Reports on the […]
NIB, adb merger plan on course – Ofori-Atta
The merger plan for the Agricultural Development Bank (adb) and the National Investment Bank (NIB) is on course, Finance Minister Ken Ofori-Atta, has said. In the 2018 budget, Mr Ofori-Atta hinted at a possible merger of the two state-owned banks to form the National Development Bank. He said at a post-budget forum that a merger […]
Zimbabwe: Agribank Posts $4.1 Million First Half Profit
Agricultural Development Bank of Zimbabwe (Agribank) posted a 4.1 million dollar profit for the half year ending June 30 at the back of significant growth in productive lending and non-funded income. Addressing a press conference in Harare Wednesday, Agribank CEO, Sam Malaba said this was an 89 percent jump in profits from 2.2 million recorded […]
Metro Mass takes delivery of 29 buses
Metro Mass Transit (MMT) Limited has taken delivery of 29, 47-seater buses to augment its fleet, with the view to improve on its services. The buses will be used on the Accra-Tamale, Accra-Bolga, Accra-Kumasi, Accra-Bawku, Takoradi-Kumasi, Kumasi-Wa, Kumasi-Bolga, Kumasi-Tamale and Kumasi-Hamile routes. They were handed over to the acting Managing Director of the MMT Limited, […]