SIC Financial Services Limited (SIC-FSL) one of the shareholders of ADB has denied having pledged its shares in ADB to uniBank in fulfillment of an earlier financial commitment. A source within the company tells thebftonline.com that, SIC FSL which is an arm of the State Insurance Company (SIC) a government entity could not have been … Read more
The Bank of Ghana (BoG) has dismissed the purported takeover of the Agricultural Development Bank (ADB) by another local bank, Unibank Ghana Limited. “Just to clarify… the Central Bank has not given approval to the purported takeover or through the pledging of shares of the Agricultural Development Bank to uniBank,” Governor of BoG, Dr Ernest … Read more
The Ghana Stock Exchange has suspended the trading of Agricultural Development Bank (ADB) shares on the Ghana Stock Exchange effective March 7, 2017. A statement from the Ghana Stock Exchange stated, “With reference to Section 7 of the GSE Automated Trading Rules (ATS), the Managing Director of the Ghana Stock Exchange (GSE), in consultation with … Read more
Shareholders of the Agricultural Development Bank have pledged over 51% shares to Unibank for 600 million Ghana Cedis. A consortium of financial institutions which comprises Starmount Development Company Limited; EDC Investment Limited and SCI-FSL hitherto owned the over 51% shares of the ADB. Speaking on 3FM’s Sunrise morning show, Executive Director of Unibank Clifford Duke … Read more
GhOneTV’s News Anchor, Keminni Amanor has revealed her boss at the Ridge-based Television station is her “biggest competitor.” Anamor told Graphic Showbiz in a recent interview, she wants to surpass Editor Nana Aba Anamoah because “she is a huge news brand, I look up to her and I want to be better than her. I am … Read more
Government on Friday presented a fully-furnished three-bedroom house to the 2016 National Best Farmer, Mr Robert Bob Crentsil, at a handing-over ceremony at Gomoa-Aprah in the Gomoa East District of the Central Region. The house, valued at GH₵400,000.00, was sponsored by the Agricultural Development Bank (ADB), the Lead Sponsors of the National Farmers Day, at … Read more
The government of President Nana Akufo-Addo is indeed working hard to once again, make farming an attractive and lucrative occupation in Ghana. This effort was reflected at the 2017 National Farmers Day were a total of 77 farmers were handsomely rewarded for their various significant contributions to the growth of agriculture in the country. The … Read more
The Minority in Parliament is questioning the basis for which the Finance Minister, Ken Ofori Atta gave approval for the Agricultural Development Bank to give a loan of 10,459,500 to a private firm, the MacDan Shipping Company Limited. Addressing the media on Tuesday, Minority Leader, Haruna Iddrisu said the action of the Finance Minister is … Read more
The interesting thing is that most of these recommended galamsey alternative jobs are quite easier, safer and more lucrative than illegal mining. It is no longer news that the newly launched Operation Vanguard Army Patrol has unintentionally shot dead an illegal miner in the Wawasi village of Obuasi in the Ashanti Region. The unfortunate incident … Read more
The Agricultural Development Bank (ADB) emerged as the best bank in Agriculture, Forestry and Fishing Finance at the 16th Ghana Banking Awards. The bank also came up as the second Most Active E-zwich Bank. The Ghana Banking Awards, organized by Corporate Initiative Ghana (CIG) is regarded as the most prestigious award in the Ghanaian banking … Read more
Citi Business News can confirm that President Akufo Addo has nominated Dr. John Kofi Mensah as the new MD of Agricultural Development Bank (adb). Dr. Mensah’s nomination is subject to approval by the Board of Directors of the bank. If approved, he will take over from Mr. Daniel Asiedu, who was appointed MD of the bank … Read more
Bankers are increasingly becoming amenable to agriculture financing, which they have long avoided for its unduly risky nature, on the back of recent attempts by government to inject confidence into the sector. The central bank, in October 2016, announced a GH¢100 million guarantee to banks that lend to the sector, whilst the Akufo-Addo administration has … Read more
Captain Smart and the Maid of Orleans: Aluta Continua Oh granted, Owusu Bempah is a paragon of virtue and a saint of our time! all and sundry must applaud him for establishing a correlation between the alleged gift of President Mahama and his brother, Ibrahim to Captain Smart of Adom FM and election 2016. I … Read more
The Agricultural Development Bank (ADB) has disclosed that its plan to secure where it is currently headquartered, will ultimately save the bank about 24 million cedis annually. ADB’s earlier decision to pay an annual rent of 5 million dollars at its current headquarters in 2015, generated a lot of controversy between the staff and the … Read more
“President Nana Addo Dankwa Akufo-Addo says the country has been saved the amount of GHC443 million following Finance Ministry’s suspension of salary payment to some 26,589 workers in April, 2017” (Source: myjoyonline.com, May 1, 2017). Congratulation Mr. President, this is a step in the right direction! Many Ghanaians have lamented over the rate of graduate … Read more
The National Service Scheme has released 134,980 pin Codes for prospective national service personnel for the 2017/2018 service year. A statement issued by the scheme in on Friday, April 8, 2017 said prospective national service personnel; final year students of accredited tertiary institutions can visit the NSS website www.nss.gov.gh to obtain their unique NSS enrollment … Read more
Application forms for admission into nursing training colleges have gone on sale at a reduced price of GHC100 from the previous GHC160. A statement signed by the Director of Human Resource in charge of Health Development at Ministry of Health, Lawoetey Tettey, to all principals of the various institutions said applications into Health Training Institutions … Read more
Government has given the green light to all health training institutions across the country to begin admission of persons wishing to pursue nursing and its related courses. A statement issued by the Ministry of Health to all principals of the various institutions read in part: “…applications into Health Training Institutions commences from April 3, to … Read more
Finance Minister, Ken Ofori Atta has re-emphasised that the 2017 budget will address the needs of the poor in society. He was speaking at the launch of the 2017 Ghana national convention of the Full Gospel Business Men’s Fellowship International in Accra under the theme “Awakening the Sleeping Giant”. The Full Gospel Business Men’s Fellowship … Read more
When the Prof. Dora Francisca Edu-Buandoh committee presented its report on new emoluments for Article 71 class of public sector workers in September 2016, breaking the news that Members of Parliament (MPs) were to receive GHS19,430 as monthly salaries, many were those who complained that it was too much for a country like Ghana. The … Read more