The Agricultural Development Bank (ADB) PLC has opened its fourth branch in the Western Region at the Central Business District of the Takoradi Market Circle to bring its unique banking services to the doorstep of traders. This brings to 87 the number of branches nationwide and it is expected that by the close of this year about 100 branches would have been opened.
“The opening of this new branch is a testament that the people in the Western Region have patronized our services hence the need for more branches. Particularly the need to get closer to SMEs and support Agriculture Value Chain businesses,” Dr. John Kofi Mensah, Managing Director of ADB said at the opening.
“The opening of this new branch is also part of our strategic objective and a heed to the clarion call by customers within Market Circle and its environs for ADB to open a branch here,” he said.
Dr. Mensah mentioned that the bank has also been a key partner to government’s One District, One Factory (1DIF) initiative with a financial investment of over GH¢100million in different companies. “We remain the only bank in the country with the uttermost commitment towards the agribusiness sector and this we have clearly displayed since 2017. We have re-positioned ADB as the most agribusiness focused Bank in the country.”
In 2020, he said the bank supported the Ministry for Fisheries and Aquaculture Development to purchase 1,300 Out Board Motors for our hardworking Fisher folks. According to him, the bank is committed to the agricultural sector and urge all farmers and fisherfolks to recognize ADB as their own just like all other business owners.
Kwabena Okyere Darko-Mensah, Western Regional Mensah noted that “corporate entities expanding in the region indicates that we have an enabling environment for investors here and for businesses to thrive.”
He implores the board and management of the bank to consider business promoters who have lodge funding applications in respect of IDIF initiative with ADB in order for the successful realization of government’s industrialization agenda especially in the region. “I assure you of my full support as you embark on your daily banking operations,” he added
Nana Kobina Nketsia V, Omanahene of Essikado Traditional Area commended ADB for getting closer to the market women.
He urged the city authority to consider banking hall as part of the expansion works at the Takoradi Market. “This will encourage more of the market women to cultivate the habit of savings to expand their businesses.”
He expressed hope that ADB will grow and invest in the businesses of the SMEs for the economy to grow.