Agricultural Development Bank set to divest its investments in four institutions

GHANA – Agricultural Development Bank is set to divest its investments in four institutions including Ghana International Bank and Metro Mass Transportation Limited. The bank holds 9%, 10%, 16% and 20% in the Ghana International Bank, Agridev Real Estates Limited, Metro Mass Transportation limited and Activity Venture Finance Company, respectively. The value of investment in Ghana International Bank Limited as at the time of the directors report was estimated at GH¢70,170 (US$11,706.90) which represents 11% of the net of own funds of the Bank (GH¢ 639,224- US$106,645.77). This holding the…

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