ADB Archives - Wontumi Online

06 Sep

Government Considers Plan To Allow ADB Takeover NIB – Report

Wontumi2BusinessADB, NIB

Government is reported to be considering plans which will see the Agriculture Development Bank (ADB) takeover the operations of the National Investment Bank (NIB). According to a Joy Business report, the decision is on the back of moves to restructure the state-owned NIB which has been faced with an array of challenges in the last few years as government can longer continue to advance financing support to the Bank. The portal added that people with knowledge of the proposed takeover hinted that although government is mulling over other options, the decision to allow ADB to takeover NIB is the likeliest…

16 Aug

Ministry Of Energy Staff Arrested For Stealing GHC 287,775 From ADB

Wontumi1BusinessADB, Minister of Energy

The Accra Circuit Court will on September 5 this year resume hearing a stealing case involving a secretary of the Ministry of Energy and the Agricultural Development Bank. Regina Abanga, a secretary at the Ministry of Energy is accused of manipulating ATM machines belonging to ADB and withdrawing sums to the tune of GHC 287,775. According to facts of the case presented to the court, the accused who has an account at the Ridge branch of the bank between November 2022 to June 2023, on a regular basis visited various ATM Machines within the Accra metropolis and withdrew between GC2,000…

14 Jun

ADB, DBG Must Team Up To Promote Agric — Asantehene

Jackson Odom KpakpoBusinessADB, DBG Must Team Up To Promote Agric — Asantehene

ADB, DBG Must Team Up To Promote Agric — Asantehene The Development Bank of Ghana (DBG), when established, should forge a closer collaboration with the Agricultural Development Bank (ADB) to drive the agricultural sector. The Asantehene, Otumfuo Osei Tutu II, who called for this, said the establishment of the development bank should be aimed at giving banks, such as the ADB, enough funds to grow the agricultural sector of the economy. Otumfuo Osei Tutu made the call when the Board of Directors of the ADB and its management paid a courtesy call on him at the Manhyia Palace last Friday.…

28 Mar

Akufo-Addo Gov’t Has Spent GHC 4.8 Million On Mahama In 4 Years- Abronye (VIDEO)

Kakra NunuFeatured, NewsAbronye, ADB, John Dramani Mahama, NDC, NPP, Nsempa Fie, President Akufo-Addo, Tax, Wontumi TV

Ghana’s debt keeps increasing because the government of President Akufo-Addo, in the last four years, has spent a whooping amount of GHC 4.8 million just on former President John Dramani Mahama and his household, the Bono regional Chairman for the New Patriotic Party has said. Mr. Kwame Baffoe popularly known as Abronye, disclosed on Wontumi TV that before leaving office, former President Mahama prepared a budget for himself which sees him earn GHC 100,000 every month without paying tax. “Ghana spends Ghc 100k on Mahama every month and yet he doesn’t pay task. His aides take GHC 18,000 every month…so…

02 Nov

ADB earnings up 100% to ¢60m in Quarter 3

Wontumi2BusinessADB

Agriculture Development Bank appears to have benefited immensely from the injection of capital from the Ghana Amalgamated Trust as its year-on-year profit doubled, hitting GHS60 million, according to its unaudited Third Quarter financial results. Its earnings during the same period last year was GHS30 million. According to the financial statement ending September 2020, the bank’s interest income grew by 25%, because of largely return from investments in risk free instruments. However, its fees and commissions dropped due to a large expense on the profitability account. Joy Business understands that the bank did not halt disbursement of loans during the period…