ADB’s Assets Hit GH¢1.789 But…
The Chairman of the Professional and Managerial Staff Union (PMSU) of the Agricultural Development Bank PLC (ADB), Mr. James Obeng-Gyan, has raised questions about the bank’s financial trajectory, insisting that its substantial growth in assets must translate into sustainable profitability and stronger support for Ghana’s agricultural sector. According to financial figures presented at the…
The Professional and Managerial Staff Union (PMSU) of the Agricultural Development Bank PLC (ADB), led by Chairman Mr. James Obeng-Gyan, has expressed concerns regarding the bank's financial trajectory despite its substantial growth in assets. While ADB's total assets have increased significantly from GH¢734.6 million in 2009 to GH¢1.789 billion in 2025, the bank has also experienced years of financial difficulties, resulting in accumulated losses that have improved but remain substantial.
Mr. Obeng-Gyan emphasized that financial improvement alone is insufficient for lasting recovery and stressed the need for prudent lending, stronger risk management, and effective internal controls. Additionally, he raised concerns about historical asset disposals and credit arrangements, advocating for credible investigations into questionable transactions.
The PMSU chairman called for the government, the Bank of Ghana, and ADB's Board to support a comprehensive recovery program covering various aspects of the bank's operations, including loan recovery, asset quality, capital adequacy, digital transformation, and revenue generation.
Brief written by urgent.news from The Chronicle Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
