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Sunday, July 27, 2025

Government to recapitalise Agricultural Development Bank in 2026

Ato Forson with the newly inaugurated board members of ADB Ato Forson with the newly inaugurated board members of ADB

The Minister of Finance, Dr Cassiel Ato Forson, has officially inaugurated the newly appointed Board of Directors for the Agricultural Development Bank (ADB), underscoring the vital role of agriculture in Ghana’s development agenda.

Speaking during the inaugural ceremony on Wednesday, July 9, 2025, Dr Ato Forson emphasised that no country can develop without sustained agricultural advancement.

He called on the newly appointed board members to stay true to ADB’s core mandate of supporting and advancing Ghana’s agricultural sector.

“Earlier, I had the privilege of inaugurating the new Board of Directors for the Agricultural Development Bank (ADB). As I emphasised during the ceremony, no country develops without sustained agricultural development. I have therefore tasked the new board to remain focused and guided by their primary mandate, serving Ghana’s agricultural sector,” he stated.

The Minister also assured the board and management of his firm commitment to the bank’s growth, announcing plans to recapitalise ADB in 2026 to strengthen its capacity to deliver on its mandate.

“I want to assure the board and management that I will capitalise ADB next year,” he added.

The new board is expected to lead ADB in fulfilling its vision of becoming the most dependable partner in agribusiness financing across the country.

The newly appointed board of ADB include;

1. Kenneth Kwamina Thompson – Chairperson

2. Edward Ato Sarpong – Managing Director

3. Andrew Dari Chiwitey

4. Siisi Essuman-Ocran

5. Dr. E. Prince Arhin

6. Misbahu Mahama Adams

7. Wing Commander Samuel J.A. Allotey

8. Courage Akanwunge Asabagna

9. Abdul Nasir M. Saani

SP/MA

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