The Deputy Minister for Finance, Thomas Nyarko Ampem has commended the Board, Management and Staff of the Agricultural Development Bank (ADB) PLC for turning the fortunes of the Bank and recording historical growth and performance.

He made the call when he opened the 6th Quadrennial Delegates Conference of the ADB Local Union of the Union of Industry, Commerce and Finance (UNICOF) of the Trades Union Congress (TUC) recently held at Miklin in Accra.

The Deputy Minister commended ADB for recording a strong financial performance by posting a profit before tax of GH¢447.49 million in the 2025 third quarter, representing a 154 percent increase over the same period in 2024.

He attributed the Bank’s growing balance sheet position, operational efficiency, and renewed public confidence to the dedication, professionalism, and commitment of its Board, Management and Staff.

“The strong financial performance ADB recorded doesn’t happen by chance but as a result of discipline, professionalism, and collaboration between management and staff of the Bank,” Nyarko Ampem stated.

He urged management, the union, and the entire staff of ADB to continue to engage constructively and work together, at all times, to create a sustainable bank that will be admired globally for its people, processes, and performance.

“I urge you all to work hard to help achieve the vision of the Bank, thus being among the top three (3) performing banks in Ghana,” he said.

He reiterated government support for ADB to achieve its strategic vision.

Nyarko Ampem said that 2025 marked a turning point for Ghana’s economy, citing easing inflation, improved cedi stability, ongoing fiscal consolidation, and a gradual return of investor confidence.

He noted that these gains had been achieved through difficult reforms and the resilience of workers across all sectors of the economy, including the banking industry.

According to him, macroeconomic stability should lead to stronger institutions, while stronger institutions must invest in their workforce to sustain growth, describing the relationship as essential to building resilient and competitive organisations.

Earlier, the Managing Director of ADB, Edward Ato Sarpong, reaffirmed Management’s commitment to staff engagement and dialogue, outlining the Bank’s transformation agenda under Project 135, which he said was aimed at improving performance, strengthening operational efficiency and repositioning ADB as a competitive and people-centred institution under its Beyond Banking identity.

“As part of the strategic direction, our beloved Bank will continue to introduce innovative products and services, expand its digital channels and open more branches to enhance convenience and bring banking closer to everyone,” the ADB MD said.

“Our hallmark is service excellence and we are taking the necessary steps to ensure service experience that delights our valued customers across all our channels,” he added.

He reiterated the unwavering commitment of management to staff welfare, whilst ensuring a strong and sustainable Bank for everyone.

The delegates conference was attended by top officials and staff of the Bank, union executives and other invited guests. New union executives were subsequently elected to steer the affairs of the local union.