Gov’t to retool ADB and NIB to focus on providing funds for medium- and long-term investments-Akufo Addo

President Nana Addo Dankwa Akufo-Addo says government is putting in place new arrangements that will ensure that Agricultural Development Bank (ADB) and National Investment Bank focus on their core mandate of providing funds for medium- and long-term investments for industrial development. According to president Akufo-Addo, government is not relenting on its plan of boosting industrial […]

Is Ken Ofori-Atta using GAT scam to take over NIB, ADB and other Banks through Franklin Templeton?-Isaac Adongo asks

Since assuming office in 2017, our Finance Minister,Mr Ken Ofori-Atta, has used various schemes and strategies to enrich and empower his financial empire and impoverish other companies seen as his competitors or not aligned to his party, the New Patriotic Party.It started with the granting of juicy state contracts to his firm, Databank at the […]

ADB sources for GH¢310m to meet Minimum Capital Requirement

The Agricultural Development Bank (adb) has announced its readiness to meet the central bank’s minimum capital requirements of GH400million as the December 31 deadline fast approaches. This follows an approval by shareholders of the bank to source for additional funds of about GH¢310million to meet Bank of Ghana’s minimum capital requirement. The announcement was made […]

Merging ADB and NIB is a very unpopular decision-Oman Fm’ Wofa Kwabena Kwakye

Director of Radio for Kencity Media Limited, operators of Oman Fm, Net2 Television and Assh Fm, Obotantim Martin Kwabena Kwakye has described government’s decision to merge the Agricultural Development Bank (ADB) and the National Investment Bank (NIB) as a very unpopular decision that must be reversed. According to him, the two banks have unique roles […]