ISSER congratulates the Agricultural Development Bank Limited (ADB) on the inauguration of its new Board of Directors. The nine-member board, including ISSER Director Prof Peter Quartey, was sworn into office with the charge to continue with the bank’s 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 expressed optimism that the new board will continue with the vision of making the bank the best for agribusiness financing in the country.
“With the coming in of the National Development Bank, ADB will get more funds for medium and long term agricultural financing programmes and I’m sure this will help increase the bank’s portfolio in the sector,” Dr. Kumah said.
According to the Deputy Minister, ADB is 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.
The new Board Chairman, Daasebre Akuamoah Agyepong II on behalf of the members, thanked the president, Nana Addo Dankwa Akuffo Addo and other shareholders for the opportunity to serve as directors on the ADB board.
He pledged the determination of the board to work assiduously so that the bank can start paying dividends to government, whiles ensuring it 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.
Prof Quartey, who was re-elected to the Board for a second term, will be serving alongside the following members: Dr. John Kofi Mensah (Managing Director), Alhaji Habib Iddrisu, Prof. Eric Yirenkyi Danquah, Abena Osei-Asare, George Kwabena Abankwah-Yeboah, Evron Rothschild Hughes and Madam Mary Abla Kessie, under the chairmanship of Daasebre Akuamoah Agyepong II.
ISSER once again congratulates the ADB on its new board. As a key stakeholder, ADB supports advocacy fora organized by ISSER, including the 2021 maiden Development Dialogue on National Development Banks and Sustainable Financing in Ghana, where Managing Director Dr. Mensah was a panelist.