Also known as: Agricultural Development Bank (ADB) PLC · ADB PLC · Agricultural Development Bank (ADB PLC) · ADB
Agricultural Development Bank — state-owned financial institution that posted GH¢367m profit in 2025, providing lending and financial services including hire purchase facilities for National Service personnel.
Verbatim sentences from the source article.
Joy Online
A 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 trialBusiness & Financial Times
The 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 ADBJoy Online
… 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 ProgrammeJoy Online
… 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, NIBJoy Online
… 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 TUCBusiness & Financial Times
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 MDGhana's Black Stars advanced to the knockout stage of the 2026 FIFA World Cup as one of the best third-placed teams despite a 2-1 defeat to Croatia, embodying steady progress and resilience rather than flamboyant performance.
2 July 2026 · Business & Financial Times →
Ghana's Black Stars advanced to the knockout stage of the 2026 FIFA World Cup as one of the best third-placed teams despite a 2-1 defeat to Croatia, embodying steady progress and resilience rather than flamboyant performance.
2 July 2026 · Business & Financial Times →
Eric Nyarko, former Head of Accounts at the National Service Authority, testified in court that he neither generated nor approved data used in the ADB-NSA hire purchase scheme, saying the data originated from the Authority's IT consultant and was transmitted under instructions from the accused, Gifty Oware-Aboagye.
25 June 2026 · Joy Online →
The Agricultural Development Bank recorded a significant turnaround in 2025, posting a profit after tax of GH¢367.29 million, up from GH¢35.06 million in 2024, driven by enhanced operational efficiency, stronger revenue generation, and its recapitalisation programme. Total assets grew to GH¢17.9 billion from GH¢14.6 billion, while total operating income rose to GH¢1.75 billion from GH¢1.0 billion.
24 June 2026 · Joy Online →
UK-based Ghana International Bank's Chief Executive Officer Dean Adansi has been relieved of his duties by the Board, which is controlled by the Government of Ghana through the Bank of Ghana. Ian Owulakwao Greenstreet, an investment banker and financial risk management expert, has been named as his replacement, subject to regulatory approval.
11 June 2026 · Joy Online →
Former NSA Deputy Executive Director Gifty Oware-Mensah has questioned the Agricultural Development Bank's claim that transfers from an NSA hire purchase suspense account to Blocks of Life Consult Limited were properly authorised, during ongoing trial proceedings over alleged financial losses of about GH¢38 million. The defence counsel challenged the bank's witness over the absence of documentary evidence specifically authorising the first transfer of GH¢148,841 in February 2023, despite the bank's reliance on what it described as a standing instruction.
5 June 2026 · The Chronicle →
The defence counsel in the trial of Gifty Oware-Mensah, former Deputy Executive Director of the National Service Authority, has questioned the basis of transactions from an ADB account linked to a Higher Purchase Facility for National Service Personnel, specifically transfers to Blocks of Life Consult Limited. The prosecution witness, Head of the Commercial Banking Department of ADB, confirmed that Oware-Mensah was not a director, shareholder, or beneficial owner of the company.
4 June 2026 · Joy Online →
A prosecution witness in the trial of former National Service Authority Deputy Director-General Gifty Oware-Mensah told the Accra High Court that she instructed the Agricultural Development Bank to transfer National Service personnel allowances into a private account allegedly linked to her. Defence counsel challenged the claim and demanded documentary evidence.
3 June 2026 · Joy Online →
A prosecution witness testified that former NSA Deputy Executive Director Gifty Oware-Mensah personally authorised the transfer of NSA funds to her company, Blocks of Life Consult Limited, citing a March 2, 2023 letter signed by her as the authority for the transfers.
3 June 2026 · Joy Online →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →