Prof. Peter Quartey re-appointed to ADB Board

Economist and Director at the Institute of Statistical, Social and Economic Research (ISSER), Prof. Peter Quartey has been re-elected to the nine-member Board of Directors of the Agricultural Development Bank (ADB), for a second term.

This was announced during the inauguration ceremony for the board in Accra.

The board of ADB also has three new members; Kwahuhene and President of the Kwahu Traditional Council, Daasebre Akuamoah Agyapong II who is serving as the Board Chair; Prof. Eric Yirenkyi Danquah and Entrepreneur and MP for Tolon, Alhaji Habib Iddrisu.

Daasebre Akuamoah Agyapong II, Omanhene of Kwahu Traditional Area takes over the role from Mr. Alex Bernasko, a legal practitioner, who served as chairman of the nine-member board of the Agriculture Development Bank (ADB) during the first term of President Akufo-Addo.

Daasebre Akuamoah Agyapong II, in his new role, is expected to support the management and staff of the ADB to pursue the vision of the bank of harnessing the transformational power of agribusiness for wealth creation.

The new Board will also ensure that the Bank growing as a strong customer-centric bank, provide profitable and diversified financial services for a sustained contribution to agricultural development.

Speaking during the ceremony, Deputy Minister for Finance, John Kumah charged the Agricultural Development Bank, ADB, to remain focused on its primary commitment to agribusiness while effectively managing risk to ensure that the bank stays profitable.

According to him, this will ensure that the Agriculture sector continues to play a vital role in the growth of the economy.

The ADB

The Agricultural Development Bank (ADB) Limited is a universal bank offering a full range of banking products and services in consumer, corporate, parastatals/public sector, SME, agriculture, trade and e-banking services. Its business focus is universal banking with a developmental focus on Agriculture and more.

The bank successfully listed on the Ghana Stock Exchange (GSE) on December 20, 2016. The new ownership structure of the bank has Financial Investment Trust holding 60.50%; Government of Ghana, 32.30%; and retail investors and ADB staff taking the remaining 7.20%.

Source: Citibusiness