Agricultural Development Bank of Ghana, commonly known as Agricultural Development Bank or ADB, is a government-owned development and commercial

bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

Ghana Ghana (; tw, Gaana, ee, Gana), officially the Republic of Ghana, is a country in West Africa. It abuts the Gulf of Guinea and the Atlantic Ocean to the south, sharing borders with Ivory Coast in the west, Burkina Faso in the north, and To ...

. The

is the first development finance institution established by the

Government of Ghana The Government of Ghana was created as a parliamentary democracy, followed by alternating military and civilian governments in Ghana. In January 1993, military government gave way to the Fourth Republic after presidential and parliamentary electi ...

. It is one of the

commercial banks A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with corp ...

licensed by the

Bank of Ghana The Bank of Ghana ( BoG) is the central bank of Ghana. It is located in Accra and was formed in 1957. The bank is active in developing financial inclusion policy and is a member of thAlliance for Financial Inclusion History The Central Ban ...

, the national banking regulator.

History

ADB was established in 1965, by Act of Parliament to meet the banking needs of the

ian 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.

Overview

The Bank is a large development and commercial bank. , 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

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, the first institution so recognised, 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.

Ownership

The bank's

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is owned by the following entities:

Products and services

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

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Branch network

The Bank maintains a network of eighty-five (85) branches located in all areas of

. Ghana's capital and largest city.

Awards and recognition

2020 Ghana Cocoa Awards - Best Cocoa Financing Institution

References

External links

*
Website of Bank of Ghana

{{DEFAULTSORT:Agricultural Development Bank Of Ghana Banks of Ghana Companies based in Accra Banks established in 1965 1965 establishments in Ghana