ADB holds 39th AGM, reports strongest turnaround performance

Agricultural Development Bank PLC (ADB PLC) held its 39th Annual General Meeting (AGM) at the Accra Financial Centre on Wednesday, June 24, 2026, bringing together shareholders, Board of Directors, Management, regulators and other stakeholders to review the Bank’s performance for the 2025 financial year and discuss its strategic direction.

Addressing shareholders, the Managing Director, Edward Ato Sarpong, highlighted ADB PLC’s remarkable turnaround performance, noting that the Bank recorded a profit after tax of GH¢367.29 million in 2025, representing a significant improvement from the GH¢35.06 million recorded in 2024.

The Bank’s total assets grew strongly from GH¢14.60 billion in 2024 to GH¢17.89 billion in 2025, while customer deposits increased to GH¢13.22 billion from GH¢12.05 billion during the same period. Shareholders’ equity also improved substantially, rising to GH¢2.48 billion.

Shareholders received and considered the Audited Financial Statements for the year ended December 31, 2025, together with the Reports of the Directors and Auditors. The meeting also approved the re-election of Wing Commander Samuel J.A. Allotey (Retired), Dr. Ebenezer Prince Arhin and Hon. Misbahu Mahama Adams as Directors of the Bank.

Additionally, shareholders authorised the Board of Directors to fix the remuneration of the external auditors for the 2026 financial year.

As part of the special business of the meeting, shareholders approved resolutions authorising a private placement of equity shares to the Government of Ghana to support the Bank’s capitalisation efforts and strengthen its position in meeting regulatory capital requirements.

Speaking on the Bank’s outlook, Management reaffirmed its commitment to delivering sustainable growth, deepening customer relationships & service experience, driving innovation, supporting Ghana’s agricultural transformation agenda, and creating long-term value for shareholders.

The AGM concluded with shareholders expressing confidence in the Bank’s strategic direction and leadership as it continues its journey of transformation under its “Beyond Banking” agenda.