Business

Ato Forson inaugurates Agricultural Development Bank Board of Directors

The Minister for Finance, Dr. Cassiel Ato Forson, has inaugurated a new Board of Directors for the Agricultural Development Bank (ADB), with a call on the members to stay true to the bank’s core mandate of championing Ghana’s agricultural transformation.

“I have therefore tasked the new board to remain focused and guided by their primary mandate — serving Ghana’s agricultural sector,” he stated.

In a significant announcement, Dr. Ato Forson assured the new board and management of plans to re-capitalize the Agricultural Development Bank in 2026.

This move, he explained, is aimed at strengthening ADB’s financial position to support better farmers, agribusinesses, and agricultural value chain initiatives.

The newly inaugurated board is chaired by Mr. Kenneth Kwamina Thompson, with Mr. Edward Ato Sarpong serving as Managing Director.

Other distinguished members include:

Hon. Andrew Dari Chiwitey
Mr. Siisi Essuman-Ocran
Hon. Dr. E. Prince Arhin
Hon. Misbahu Mahama Adams
Wing Commander Samuel J.A. Allotey
Mr. Courage Akanwunge Asabagna
Mr. Abdul Nasir M. Saani

“Still on inaugurations, I extend my warm congratulations to the newly sworn-in Board of Directors of Consolidated Bank Ghana Limited (CBG).

“At the ceremony, I reminded the board that the government spent close to GH₵30 billion to purportedly safeguard the sector, and CBG stands as a reminder of that development,” the Minister for Finance wrote in a Facebook post.

He contiuned: “I assured the board of the government’s firm commitment to capitalize CBG in the coming year.

“At the same time, I tasked them with the crucial responsibility of safeguarding taxpayers’ money, as they assume stewardship over a vital national asset.

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“I also made it clear that the era of excessive salaries and bloated board allowances in State-Owned Enterprises (SOEs) will not be entertained under our administration.

Meet the New CBG Board of Directors:

• Mr. Ernest Mawuli Agbesi – Chairperson

• Dr. Naomi Wolali Kwetey – Managing Director

• Ms. Irene Ackuaku – Member

• Mr. David Adom – Member

• Mr. Michael Kwasi Anyamesem – Member

• Mr. Stephen Kporzih – Member

• Dr. Sa-ad Iddrisu – Member

• Mrs. Immaculate Kawe Kanlisi – Member

• Mr. John Alexander Ackon – Member