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Business News of Thursday, 10 March 2016

Source: GNA

ADB wins Award in Agri-Finance

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Agricultural Development Bank (adb) has been adjudged the best bank in Agri-Finance in Ghana for the year 2015 by Banker Africa.

The annual Banker Africa award is a continent-wide assessment open to all banks and financial institutions in Africa with the aim of recognising outstanding performance and excellence in the financial services industry.

The award is a confirmation of adb's commitment to financing the agricultural sector in Ghana over the years.

Speaking about the Award, Ms Sylvia Nyante, Head of Agricultural Finance at adb, indicated that the Award was an endorsement of the Bank’s commitment to investing in Agriculture.

“Though many of our competitors are shying away from investing in the agricultural sector, we remain committed and over the past five years we have invested over 300 million Ghana cedis in different areas within the agricultural sector,” she said.

“We have been the proud major sponsor of the annual National Farmers Day event and have consistently donated a three bedroom house to the ultimate winner,” she added.

She said the Award adds up to the several awards won by the Bank in the area of agri-financing over the past years, adding that the Bank would remain committed to the sector since it recognised it as an integral part of the Ghanaian economy.