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New ADB Board tasked to continue focusing on agriculture

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The new Board of Directors of the Agricultural Development Bank Limited (ADB) have been sworn into office with the charge to continue with its core mandate of agricultural financing.

At a ceremony at the Ministry of Finance, a Deputy Minister of Finance, Dr. John Kumah commended the previous Board for refocusing the Bank on its core mandate of agricultural financing and was optimistic the new board would continue with the vision of making the Bank the best Bank for agribusiness financing in the country.

The nine-member Board is Chaired by Daasebre Akuamoah Agyepong II , Omanhene of the Kwahu Traditional Area with Dr. John Kofi Mensah (Managing Director) ,  Alhaji Habib Iddrisu , Prof. Eric  Yirenkyi Danquah, Madam Abena Osei-Asare, Prof. Peter Quartey, Mr. George Kwabena Abankwah-Yeboah , Mr. Evron Rothschild Hughes and Madam Mary Abla Kessie as members.

“With the coming in of the National Development Bank, ADB will get more funds for medium and long term agricultural financing programmes and I am sure this will help increase the Bank’s portfolio in the sector,” he said.

He added that the Bank was well positioned to assist the National Development Bank equally fulfil its mandate of providing long term loans for agribusiness financing to ensure food security and create wealth for Ghanaians.

“ADB has since 2017 remained a key partner to government initiatives such as the Planting for Food & Jobs, Rearing for Food & Jobs and also the novel One District, One Factory initiative and I wish to commend the Bank for such a support” he said.

The new Board Chairman, Daasebre Akuamoah Agyepong II on behalf of the members, thanked President Nana Addo Dankwa Akufo-Addo and other shareholders for giving them the opportunity to serve as Directors on the ADB Board.

He pledged the determination of the Board to work for the Bank to start paying dividends to government while ensuring the Bank focuses on agricultural financing.

“We are going to work hard to ensure we continue to improve on the financial performance of the Bank so we can pay dividends to shareholders’, he said.

Source: GNA

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