Ghana: Agricultural Development Bank Records Significant Growth

The Agricultural Development Bank (ADB) PLC has reported substantial growth in customer deposits, increasing by over GHS 3.4 billion from GH¢7.747 billion in September 2023 to GH¢11.147 billion in September 2024. According to the bank’s unaudited financial statements for the end of Q3 2024, ADB also recorded an impressive profit after tax of GH¢111.827 million, compared with GH¢2.040 million during the same period in 2023. The bank’s liquidity ratio grew from 91.94% to 125.55%.

Additionally, ADB’s total assets expanded by over GH¢4.5 billion, and its capital adequacy ratio improved from 1.35% to 8.26%, positioning it to meet or exceed the minimum capital adequacy of 10% by the end of the year. Managing Director Alhassan Yakubu-Tali credited these achievements to the continuous support of stakeholders, stating, “These historical successes and achievements are attributable to the support and loyalty of our valued customers, the hard work of our Board of Directors, Management, and Staff, and our resilience in a challenging economic environment.”

The bank’s aggressive recovery of non-performing loans has also contributed to its robust financial health. ADB recently received several 5-star ratings at the Chartered Institute of Marketing Ghana (CIMG) Customer Satisfaction Survey Index Report Launch and Awards Night, reflecting its commitment to customer care and service quality.

With increasing investments in digital banking and service efficiency, ADB continues to set benchmarks for innovation and excellence in Ghana’s banking industry. As customer expectations rise, ADB’s ability to adapt and improve makes it a trusted choice for both individual and business clients.