ADB MD Alhaji Yakubu-Tali named public sector CEO of the year

Alhaji Alhassan Yakubu-Tali, Managing Director of Agricultural Development Bank (ADB) PLC, has been celebrated as the Public Sector CEO of the Year 2024 at the prestigious Ghana Business Awards, held on October 26, 2024, at the Kempinski Gold Coast City Hotel in Accra. The award acknowledges his leadership in transforming ADB into Ghana’s leading bank for agribusiness and wealth creation, serving

Read full article.as a vital financial partner in the sector.

Alhaji Yakubu-Tali and his management team introduced a transformative two-year corporate strategy in 2023, driving significant improvements in ADB's performance. The bank's focus on enhancing operations has led to the recovery of over GH¢500 million in non-performing loans from January to September 2024. Additionally, customer deposits have seen remarkable growth, surging by GH¢3.4 billion—from GH¢7.747 billion in September 2023 to GH¢11.147 billion.

ADB’s Q3 2024 unaudited financial results reflect its strong performance, recording a profit after tax of GH¢111.827 million, a major improvement compared to the GH¢2.040 million profit in Q3 2023. The bank’s liquidity ratio rose from 91.94% to 125.55%, and total assets grew by GH¢4.5 billion. Its capital adequacy ratio also improved, moving from 1.35% to 8.26%, with expectations to meet the 10% regulatory requirement by year’s end.

Expressing gratitude, Alhaji Yakubu-Tali dedicated the award to ADB’s customers, as well as farmers and fishers across Ghana, underscoring the importance of collective dedication to Ghana's prosperity. ADB’s efforts were further recognized as it received the title of Agribusiness Company of the Year, affirming its pivotal role in Ghana’s agricultural development and food security.

As Ghana seeks to strengthen its agricultural sector, ADB continues to support the country’s journey towards becoming a self-sustaining agricultural leader, providing tailored banking services to promote agribusiness and economic growth.