Business News of Tuesday, 2 October 2018
Source: citinewsroom.com
2018-10-02
Agricultural Development Bank of Ghana
ADB Bank is to commence the financing of selected projects in the Ashanti and Northern regions.
This will also see the bank expand its branch network to the two regions.
A statement from ADB to Citi Business News said, “the bank’s new focus is to work with small and medium size indigenous businesses with the view of helping them expand and become more competitive.”
In Kumasi alone, ADB will increase its branches from five (5) to seven (7) by the end of December 2018.
The bank has also established Trade Desks at the Prempeh II and Kumasi Market Branches to support and promote Foreign Trade Business.
Again, ADB has fully refinanced the acquisition of a campus on behalf of Wisconsin International College in Kumasi to help increase access to quality tertiary education.
The bank is also in the process of completing an agreement with the Kumasi Metropolitan Assembly (KMA) to finance a Multipurpose Car Park in Kumasi as part of an overall strategy of enhancing development of the Garden City.
Meanwhile, in the Northern Region, the bank will soon unveil a major Agro-Processing Industrial Project.
Going forward, the bank intends to deepen its Corporate Social Responsibility in the Ashanti Region by organizing a series of social activities dubbed; “A day with traders & the business community”, “A day with kayayei” and “A day with drivers” among others.
The objective of the bank in embarking on these activities is to enable it associate with various stakeholders within the communities and to recognize their contribution to the economy and nation-building.