ADB’s Losses Trigger Governance Questions
James Obeng-Gyan 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 Read More... The post ADB’s Losses Trigger Governance Questions appeared first on DailyGuide Network .
The Chairman of the Professional and Managerial Staff Union (PMSU) of the Agricultural Development Bank (ADB), Mr. James Obeng-Gyan, has raised concerns about the bank's financial performance and governance. Despite ADB's significant increase in assets over the past decade, from GH¢734.6 million in 2009 to GH¢1.789 billion in 2025, the bank has experienced accumulated losses since 2015, reaching approximately GH¢1.747 billion in 2025.
Obeng-Gyan emphasized the need for sustainable profitability, stronger risk management, and effective internal controls to ensure the bank's institutional sustainability and support for Ghana's agricultural sector. He also highlighted the importance of addressing historical asset disposals and credit arrangements, calling for credible investigations into questionable transactions.
Additionally, he urged the government, the Bank of Ghana, and ADB's Board to support a comprehensive recovery program focusing on loan recovery, asset quality, capital adequacy, digital transformation, revenue generation, and operational efficiency.
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