Agricultural Development Bank of Ghana profile

Type	Parastatal
Industry	Finance
Founded	1965; 57 years ago
Headquarters	Independence Avenue, Accra, Ghana
Key people	Alex Bernasko, Chairman Dr. John KofiMensah, Managing Director
Products	Loans, Agricultural Credit, Corporate Banking, International Banking, Commercial Banking
Revenue	Pretax:US$28.8 million (GHS:51.1 million) (2011)
Total assets	US$683.6 million (GHS:1.21 billion) (2011)
Owner	Government of Ghana and Bank of Ghana
Website	agricbank.com

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. ADB is 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 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)

Agricultural Development Bank of Ghana contacts

Address:

Accra Financial Centre,
3rd Ambassadorial Development Area,
Ridge-Accra, P.O. Box 4191,
Accra-Ghana

Phone:

0302 -770403, 781762, 779473, 768590

Call Centre:

0302 22 4043, 0302 210210, 020 203 0100
Toll Free 0800 10034

Hotline:

020 203 0100
0302 210210

Fax:

0302 784893, 770411

E-mail:

[email protected]

Is ADB a good bank?

The Agricultural Development Bank (ADB) has been acknowledged as one of the banks that have shot up fastest in the latest ranking of Africa’s Top-200 Banks. It is also among the top 10 best banks in Ghana