Ghana’s Agricultural Development Bank posts impressive results despite of COVID19 challenges

GHANA – Ghana’s Agricultural Development Bank (ADB) has posted impressive financial growth in its half year results even in the face of the Coronavirus pandemic that has wreaked havoc to all sectors of the economy. A statement signed by Dr John Kofi Mensah, Managing Director of ADB said that the Bank’s unaudited half-year results published showed a growth in all key performances such as assets, deposits, loans, net interest income among others. ADB’s total asset grew by more than GH¢800million (US$138.25 million) or 17.17 per cent from GH¢4.04billion (US$698.18 million)…

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Agricultural Development Bank of Ghana boosts the poultry industry with US$86.5m financing

GHANA – Agricultural Development Bank (ADB), Ghana’s leading commercial bank with focus on Agriculture has disbursed financing worth GH¢23 million (US$3.9m) to six companies in the poultry value chain through its Poultry Value Chain Financing Programme (PVCFP). This is the first tranche of funds from the bank’s GH¢500-million (US$86.5m) package aimed to support the local poultry industry to increase production in a bid to reduce the country’s reliance on imports. According to a report by Ghanaian Times, the facility is being rolled out in partnership with the Bank of Ghana, Ministry of…

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