Also known as: Agricultural Development Bank (ADB) PLC · ADB PLC · Agricultural Development Bank (ADB PLC) · ADB · Agricultural Development Bank PLC
Agricultural Development Bank (ADB) — financial institution that posted GH¢367m profit in 2025 and was fully recapitalised by government in July 2025.
Verbatim sentences from the source article.
Joy Online
… 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 directorBusiness & Financial Times
… 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 Ghanaian Times
THE 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 CourtJoy 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 MDMorgan Ayawine, General Secretary of the Industrial and Commercial Workers' Union (ICU-Ghana), was recognised as Africa's Most Respected CEO in Labour and Union Leadership at the 2026 Africa's Most Respected CEOs Conference and Awards in Lusaka, Zambia, for his visionary leadership, business excellence, and innovation.
17 August 2026 · Joy Online →
Morgan Ayawine, General Secretary of the Industrial and Commercial Workers' Union (ICU-Ghana), was recognised as Africa's Most Respected CEO in Labour and Union Leadership at the 2026 Africa's Most Respected CEOs Conference and Awards in Lusaka, Zambia, for his visionary leadership, business excellence, and innovation.
17 August 2026 · Joy Online →
Morgan Ayawine, General Secretary of the Industrial and Commercial Workers' Union (ICU-Ghana), has been honoured as "Africa's Most Respected CEO in Labour and Union Leadership" at the 6th Africa's Most Respected CEOs Conference and Awards in Lusaka, Zambia. The award recognised his visionary leadership, commitment to ethical governance, and contribution to organisational success and sustainable economic development.
17 August 2026 · Daily Guide →
Patience Abbah, an Agricultural Development Bank employee, has been named the first-ever winner of Geisha Ghana's Mama G Award 2026, a national recognition of women whose care, sacrifice, resilience and positive influence shape families and communities. She was selected from 147 nominees across Ghana after a seven-week nationwide campaign.
13 August 2026 · Joy Online →
The Ghana Statistical Service reports that sustained high ginger inflation—which reached 111.3 per cent year-on-year in July 2026, making it the highest-inflation item and the third-largest individual contributor to food inflation—presents significant opportunities for investment in the crop's value chain, benefiting smallholder farmers, agro-processors, investors, logistics firms, and cold storage businesses, as demand from industry and export markets continues to rise.
13 August 2026 · Joy Online →
The Agricultural Development Bank (ADB PLC) held its inaugural Chartered Institute of Bankers (CIB) Chapter retreat on 7th and 8th August 2026 at Akosombo, bringing together members, executives, and industry experts under the theme "Recharge, Reconnect and Reinvent" to strengthen professionalism and prepare bankers for the evolving financial services landscape.
10 August 2026 · Joy Online →
The Ministry of Health is developing a comprehensive National AI Health Policy and Guidelines to provide a legal, ethical and operational framework for safe and equitable adoption of AI across Ghana's healthcare system. The policy aims to strengthen governance, data protection, digital infrastructure, workforce readiness and regulatory oversight to ensure AI supports improved healthcare delivery while safeguarding patient rights.
6 August 2026 · Joy Online →
The Ghana Police Service and Ministry of Education are among 254 public institutions fined GH₵20,000 each by the Right to Information Commission for failing to submit 2025 annual reports. Both are repeat offenders; the Ministry of Education has faced four penalties and the Police Service three since 2020.
5 August 2026 · Joy Online →
Ghana's banking industry maintains high service quality at 88.2 percent in 2025, though this represents a slight decline from prior years. According to the 2025 Ghana Customer Satisfaction Index report, consumer banking customer satisfaction has eased slightly while banks continue to perform strongly in service delivery, but converting satisfied customers into brand advocates remains a growing challenge.
3 August 2026 · Joy Online →
A former Microfinance and Small Loans Centre chief executive faces 78 charges stemming from investigations into alleged financial irregularities during her 2013–2017 tenure, including transactions in microfinance investments, financial literacy programmes, support for Kantamanto fire victims, and vehicle procurement, according to prosecutors.
2 August 2026 · Joy Online →
Finance Minister Dr Cassiel Ato Forson said the government fully recapitalised the National Investment Bank, Agricultural Development Bank, and Consolidated Bank Ghana in July 2025 to restore confidence and stability in Ghana's banking sector. GAT completed the full recapitalisation of UMB Bank, and Prudential Bank was fully capitalised through a private sector-led approach.
23 July 2026 · Joy Online →
Professor Peter Quartey has been appointed Provost of the College of Education at the University of Ghana, effective August 1, 2026, for a three-year term. He brings extensive academic and administrative experience, currently serving as Acting Director of the Legon Centre for International Affairs and Diplomacy since 2025.
23 July 2026 · Joy Online →
Speaker of Parliament Alban Bagbin attended the launch of a book chronicling the National Investment Bank's transformation, describing erosion of public confidence in state institutions as the gravest threat to Ghana's democracy. The book, authored by Chief Dr Doliwura Awushi Abdul-Malik Seidu Zakaria, was launched at the British Council in Accra and attended by Members of the Council of State, Ministers, MPs, and the Governor of the Bank of Ghana.
22 July 2026 · Joy Online →
The Bank of Ghana's Board has approved the sale of its residual 13 percent stake in the Agricultural Development Bank, expected to be completed later this year, and also intends to exit its remaining approximately 1 percent stake in the National Investment Bank. The Governor stated the divestments aim to eliminate any perception of conflict between the BoG's ownership interests and its supervisory responsibilities.
22 July 2026 · Joy Online →
The Ministry of Food and Agriculture has received a Nissan pickup and 20 motorbikes from the EEZZY Group Foundation as prizes for this year's Farmers' Day celebration. The National Best Farmer will receive the pickup, GH¢1.2 million in cash from the Agricultural Development Bank, a tractor with accessories, and farm inputs.
16 July 2026 · The Ghanaian Times →
The Agricultural Development Bank (ADB) PLC held a trade seminar in Kumasi to help Ghanaian businesses compete internationally, bringing together importers, exporters, manufacturers, and SMEs to discuss financing, risk management, and cross-border trade opportunities. The bank's Managing Director said ADB aims to be the preferred financial partner for businesses seeking to expand beyond Ghana's borders.
13 July 2026 · Joy Online →
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 →