The Managing Director of the Agricultural Development Bank (ADB PLC), Edward Ato Sarpong has described Ghana’s successful exit from the International Monetary Fund (IMF) financial support programme as a defining moment for the country’s economic recovery journey, signaling renewe …
IMF exit signals a new era of financial confidence-ADB MDGhana Minute.
Friday, 22 May 2026
Ghana’s news, on the hour · Est. 2026
Friday, 22 May 2026
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Ghanaian press · Organization
Agricultural Development Bank
Also known as: Agricultural Development Bank (ADB) PLC · ADB PLC · Agricultural Development Bank (ADB PLC) · ADB
Agricultural Development Bank — state-owned financial institution recapitalized by government as part of SOE revival efforts, supporting productive sectors and financial inclusion.
In coverage
Verbatim sentences from the source article.
- May 2026
… She then allegedly took control of a company called Blocks of Life Consult Limited — installing her mother’s driver as one of its directors — and presented the company to the Agricultural Development Bank (ADB). …
Supreme Court dismisses application to halt trial of former NSA deputy director… Government allocated $345 million in a single budget to help address systemic energy debt; Significant bailouts were provided to entities like the National Investment Bank (NIB) and the Agricultural Development Bank (ADB). …
Persistent SOEs Losses: A threat to Ghana’s fiscal balance and debt sustainability post-IMF bailoutTHE High Court in Accra yesterday admitted into evidence a letter allegedly written by Gifty Oware-Mensah, a former National Service Scheme Deputy Executive Director, directing the Agricultural Development Bank (ADB) to transfer GH¢31 million into her company’s private bank accou …
Gifty Oware-Mensah’s alleged GH¢31m transfer letter admitted in CourtA letter allegedly written by former National Service Scheme (NSS) Deputy Executive Director Gifty Oware-Mensah, directing the Agricultural Development Bank (ADB) to transfer funds to her private company, has been admitted into evidence in the ongoing National Service ghost names …
Alleged letter directing NSS funds to private firm admitted in Gifty Oware-Mensah trialThe Minister for Education, Haruna Iddrisu, has paid a courtesy call on the Managing Director of Agricultural Development Bank (ADB) PLC, Edward Ato Sarpong and the Bank’s Management Team aimed at supporting and strengthening institutions for national development. …
Haruna Iddrisu pays courtesy call on Managing Director of ADB… He confirmed to the gathering that the Tema Oil Refinery (TOR) has resumed operations, while key financial institutions, including the Agricultural Development Bank (ADB) and the National Investment Bank (NIB), have been successfully recapitalised. …
Gov’t considers absorbing Western Rail Line reconstruction under Big Push Programme… The President also revealed that the Agricultural Development Bank (ADB) and the National Investment Bank (NIB) have been recapitalised to strengthen their financial positions and support economic growth. …
Gov’t has revived collapsing SOEs – Mahama cites TOR, ADB, NIB… According to him, the Tema Oil Refinery has resumed operations, while the Agricultural Development Bank and the National Investment Bank have been recapitalised to improve their performance. …
Don’t sit aloof when SOEs are mismanaged -Mahama urges TUC- April 2026
The Managing Director of the Agricultural Development Bank (ADB PLC), Edward Ato Sarpong has observed that Ghana’s renewed commitment to fiscal discipline is yielding tangible dividends, strengthening both the banking sector and the broader economy. …
Fiscal discipline has made banking sector and economy stronger- ADB MD
Business
Ghana's IMF exit signals renewed investor confidence, ADB MD says
The News
The Managing Director of the Agricultural Development Bank has described Ghana's successful exit from the IMF financial support programme as a defining moment for economic recovery, demonstrating the country's commitment to macroeconomic stability and stronger financial discipline. He noted that banks now have a critical responsibility to deepen support for businesses, agriculture, SMEs, and productive sectors.
Why it matters
IMF exit signals Ghana's macroeconomic recovery and renewed investor confidence, affirming the success of austerity measures and positioning banks to support productive sectors.
21 May 2026 · Business & Financial Times →
Yesterday
Ghana's IMF exit signals renewed investor confidence, ADB MD says
The Managing Director of the Agricultural Development Bank has described Ghana's successful exit from the IMF financial support programme as a defining moment for economic recovery, demonstrating the country's commitment to macroeconomic stability and stronger financial discipline. He noted that banks now have a critical responsibility to deepen support for businesses, agriculture, SMEs, and productive sectors.
21 May 2026 · Business & Financial Times →
Tuesday 19 May
Supreme Court denies stay of trial for former NSA deputy director
The Supreme Court has dismissed an application to halt the High Court trial of Gifty Oware-Mensah, former Deputy Executive Director of the National Service Authority, who faces charges of causing financial loss of more than GH¢38 million to the state. The court ruled that the accused's constitutional challenge to a practice direction does not justify suspending the trial.
19 May 2026 · Joy Online →
State-owned enterprises' losses threaten Ghana's fiscal balance
Persistent losses by state-owned enterprises (SOEs) pose a risk to Ghana's fiscal balance and debt sustainability following the IMF bailout, according to a corporate governance consultant. The article contextualizes Ghana's SOE sector from independence through economic crises of the 1980s–90s, which reduced government capacity to finance operations and worsened SOE performance.
19 May 2026 · Business & Financial Times →
Court admits letter in Oware-Mensah transfer case
The High Court in Accra admitted a letter allegedly written by former National Service Scheme Deputy Executive Director Gifty Oware-Mensah directing the Agricultural Development Bank to transfer GH¢31 million into her company's private account, though the judge noted the document was faint and ordered the prosecution to file a clearer copy.
19 May 2026 · The Ghanaian Times →
Monday 18 May
Letter to transfer NSS funds admitted in Oware-Mensah trial
A letter allegedly written by former NSS Deputy Executive Director Gifty Oware-Mensah directing the Agricultural Development Bank to transfer funds to her private company has been admitted into evidence in her trial for the alleged loss of GH¢38 million in the National Service ghost names scandal. Oware-Mensah faces charges including stealing, wilfully causing financial loss to the state, using public office for profit, and money laundering; she has pleaded not guilty and been granted bail.
18 May 2026 · Joy Online →
Monday 4 May
Education Minister meets ADB Managing Director on partnerships
Haruna Iddrisu, Minister for Education, visited the Agricultural Development Bank PLC on April 28, 2026, to discuss strategic partnerships between the education sector and financial institutions in advancing education, financial inclusion, youth empowerment, and sustainable economic growth.
4 May 2026 · Business & Financial Times →
Saturday 2 May
Government considering Western Rail Line under Big Push programme
President Mahama announced that the government is considering absorbing the comprehensive overhaul of the Western Rail Line into its 'Big Push' programme to revitalise trade in the Western Corridor and improve transfer of bauxite, manganese, and cocoa to ports.
2 May 2026 · Joy Online →
Friday 1 May
President Mahama says government revived collapsing state-owned enterprises
President John Dramani Mahama told May Day workers that the government has made significant progress reviving state-owned enterprises through policy interventions and financial support, citing the Tema Oil Refinery's return to operation, recapitalisation of the Agricultural Development Bank and National Investment Bank, and recovery efforts at Tema Shipyard as examples of this economic strategy.
1 May 2026 · Joy Online →
Mahama urges TUC to demand accountability in state enterprises
President Mahama called on the Trades Union Congress and Organised Labour to actively monitor State-Owned Enterprises and speak up when management mismanages them, warning that workers suffer most when such institutions collapse. He highlighted government efforts to revive struggling SOEs, including resuming operations at the Tema Oil Refinery and recapitalising the Agricultural Development Bank and National Investment Bank.
1 May 2026 · Joy Online →
Monday 27 April
ADB MD credits fiscal discipline for stronger banking sector
The Managing Director of the Agricultural Development Bank says Ghana's fiscal consolidation efforts—including expenditure rationalisation, improved revenue mobilisation, and strengthened public financial management—have stabilised the financial system, restored banking sector confidence, and created a predictable business environment supporting private sector growth.
27 April 2026 · Business & Financial Times →