Agricultural Development Bank of Ghana, commonly known as Agricultural Development Bank or ADB, is a government-owned development and commercial bank in Ghana. The bank is the first development finance institution established by the Government of Ghana. It is one of the commercial banks licensed by the Bank of Ghana, the national banking regulator.
ADB was established in 1965, by Act of Parliament to meet the banking needs of the Ghanaian agricultural sector in a profitable manner. Before its current name, the bank was known as the Agricultural Credit and Co-operative Bank. The bank changed its name in 1970 when the parliamentary statute was amended to grant the institution full commercial banking powers.
The Bank is a large development and commercial bank. As of April 2010, ADB was the leading financial institution in agricultural financing in Ghana, responsible for 35% of the total bank industry financing of agriculture. In September 2010, the bank was recognized as Bank Of The Year at the Africa Investor Agribusiness Awards, in Durban, South Africa, the first institution so recognized, at this annual event. The total assets of the institution at the end of December 2011 were valued at approximately US$683.6 million (GHS:1.21 billion).
The bank is currently looking to list on the Ghana stock exchange, and has is currently awaiting government approval to be listed. The bank engages in other types of banking in addition to making agricultural loans. The range of services offered include: (a) Development Banking (b) Corporate Banking (c) Personal Banking (d) International Banking (e) Diaspora Banking Services (f) Treasury Management Services and (g) Money Transfer Services, in partnership with Western Union.
Products: Loans, Agricultural Credit, Corporate Banking, International Banking, Commercial Banking
Awards and recognition
2020 Ghana Cocoa Awards – Best Cocoa Financing Institution
Agricultural development (ADB) bank customer care number in Ghana
Call Centre: 0302 22 4043, 0302 210210, 020 203 0100.
Thank You for reading this post from Latest Ghana as online entertainment and news portal from Ghana. Don’t forget to recommend our site, Latest Ghana to your friends and family who might also profit from the information on our website and check out our other articles because we have more information to bring to you via your devices.
I believe you have any comments or suggestions to drop about this article, kindly make use of the comment box below and reach us for more discussion.
Latest Ghana is on the mission to promote anything latest from Ghana; Latest Entertainment News, General News, Sports, Insurance, Banks, Mortgage, Farming, Scholarship, Education and Schools Admission, Product pricing, Food, Fashion, Health, Business and more.