The Agriculture Development Bank (ADB) has staged a dramatic recovery, moving from a heavy loss in 2023 to profitability in 2024.

At its Annual General Meeting (AGM) held in Accra on September 24, 2025, the bank announced a net profit of GH¢35.06 million, a significant reversal from the GH₵828.8 million loss posted the previous year.

The Board Chairman, Kenneth Kwamena Thompson, credited the turnaround to stronger financial performance and targeted growth initiatives.

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He added that improvements in the bank’s capital adequacy ratio played a role, though the figure remains below regulatory thresholds.

“Key challenges persist in areas of loan book contraction and high non-performing loans, which continue to constrain credit growth and profitability potential,” Thompson told shareholders.

Despite the rebound, ADB continues to grapple with deteriorating loan quality as its non-performing loans (NPL) ratio climbed from 70.25% in 2023 to 75.26% in 2024.

However, total assets rose by 57%, from GH¢9.31 billion in 2023 to GH¢14.60 billion in 2024.

Deposits also grew by 41%, reaching GH¢12.05 billion, which management says reflects improved customer trust and stronger mobilisation efforts.

ADB said it will continue to strengthen its operations through digital transformation, innovation, and customer-focused solutions, positioning itself as a resilient, future-ready institution.

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