• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, October 24, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

ADB Donates Food Items to Chief Imam and Others

M.Cby M.C
April 20, 2022
Reading Time: 3 mins read
M.Cby M.C
in Agribusiness
0
ADB Donates Food Items to Chief Imam and Others

ADB donating to Chief Imam

The Agricultural Development Bank PLC (ADB) has donated foodstuffs, including bags of rice and sugar, to the National Chief Imam, Dr. Sheikh Osmanu Nuhu Sharubutu, and his team of Imams as part of this year’s Ramadan celebration.

Donating, the Deputy Managing Director of ADB, Alhaji Alhassan Yakubu-Tali, indicated that the Bank was making similar donations nationwide as part of the Bank’s Corporate Social Responsibility and to deepen the already cordial business relationship that exists between the Bank and the Muslim Community.

The Deputy MD disclosed that the bank has branches in Muslim-dominated areas nationwide, such as Nima, Newtown, Madina, Tema East, Techiman, Nkoranza, etc and it’s services are greatly patronized by the Muslim fraternity.

RelatedPosts

PFAG Blames Illegal Mining for Falling Crop Yields and Cocoa Output

NAFCO crippled as Rice Glut Threatens Farmers

MoFA Boosts School Farm Production With 25,000 Fertilizer Bags

Alhaji Yakubu-Tali called on Muslims to recognize the Bank as their own and patronize the numerous products and services available for individual and business entities. Alhaji Yakubu-Tali further disclosed that the bank performed well in the FY21 because of the prayers of the Chief Imam.

426aa579 6347 42ac 9c1b fd162dd727ad
ADB representative Donating to the Muslim fraternity

“Last year, we came on a similar visit and called for special prayers from His Eminence, The National Chief Imam, for the bank, and I am glad to report that in 2021 we made a profit of about 25% higher than the previous year and also grew our asset base from ¢5.7 billion in 2020 to ¢6.4 billion in 2021.”

Alhaji Alhassan Yakubu-Tali

The Deputy MD thanked the National Chief Imam and his team of Imams for the special prayers and, like the proverbial Oliver Twist, “asked for more” prayers for a better 2022 and beyond.

The Chief Imam, Dr. Sheikh Osmanu Nuhu Sharubutu, expressed gratitude to ADB for its support, praying for more success for the bank.

ADVERTISEMENT

The Deputy Managing Director also donated to the Police Mosque in Cantonment.

ADB, the people’s bank

The Agricultural Development Bank continued its trend of profitability in the year 2021, after seeing its profit before tax rose by almost 30 per cent to hit GH¢126 million at the end of last year. According to the bank, a strong growth in the banks’ net interest income and net fees, coupled with commission income, and among others, contributed to its profitability in the 2021 financial year.

ADB’s audited statement of comprehensive income for the year ended December 31, 2021, suggested that the Bank’s profit after tax increased by about 25 per cent from the GH¢ 65.4 million recorded in 2020 to the GH¢ 81.6 million recorded in 2021 financial year.

It is one of the few banks that was involved in loans and advancement during 2020, amid coronavirus. This was demonstrated in the significant growth in interest income as well as fees and commissions despite a jump in its bad debt from GH¢15 million to GH¢23 million. The Bank was successfully listed on the Ghana Stock Exchange (GSE) on December 20, 2016.

The value of ADB’s total assets in 2020 stood at about GH¢ 5.7 billion. This jumped to about GH¢ 6.5 billion in 2021, representing a growth of about 13 per cent. A closer look at the banks’ assets structure shows a marginal growth of about 8 per cent in its investment securities to about GH¢2.4 billion in 2021. Loans and advances on the other hand grew strongly by almost 20 per cent to hit about GH¢ 2.3 billion last year.

The bank aims at becoming the People’s bank, by harnessing the transformational power of agribusiness for wealth creation, growing a strong solid customer-centric providing profitable and diversified financial services for a sustained contribution to agricultural development and wealth creation.

 READ ALSO: Amend Act To Allow Central Bank Lend To Gov’t – Economist

Tags: ADBChief Imam
Please login to join discussion
Previous Post

UK to Face Slowest Growth in G7 as Russia-Ukraine War Hits Global Economy

Next Post

Mahama Doesn’t Have Anything More Than The IMF To Offer Ghanaians- Buaben Asamoa

Subscription Form

Related Posts

PFAG Blames Illegal Mining for Falling Crop Yields and Cocoa Output
Agribusiness

PFAG Blames Illegal Mining for Falling Crop Yields and Cocoa Output

October 24, 2025
NAFCO crippled as Rice Glut Threatens Farmers
Agribusiness

NAFCO crippled as Rice Glut Threatens Farmers

October 22, 2025
MoFA Boosts School Farm Production With 25,000 Fertilizer Bags
Agribusiness

MoFA Boosts School Farm Production With 25,000 Fertilizer Bags

October 22, 2025
Ghana’s Rising Food Insecurity Demands Urgent Systemic Reform
Agribusiness

Ghana’s Rising Food Insecurity Demands Urgent Systemic Reform

October 21, 2025
Ghana’s Finance Minister, Dr. Cassiel Ato Forson, with the Regional Vice President for Africa at the International Finance Corporation (IFC), Ethiopis Tafara,
Agribusiness

Ato Forson Seeks IFC Partnership to Drive Ghana’s Oil Palm Project

October 19, 2025
Ghana Could Match Vietnam’s Rice Exports – IFS Pushes for Creation of Rice Development Board
Agribusiness

Ghana Could Match Vietnam’s Rice Exports – IFS Pushes for Creation of Rice Development Board

October 16, 2025
President John Dramani Mahama
General News

President Mahama Introduces Major Reforms to Strengthen Disability Rights

by Silas Kafui AssemOctober 24, 2025
President John Dramani Mahama
General News

Ghana Rollout Free Tertiary Education for PWDs, Mahama Calls it a Landmark for Social Justice

by evansjrOctober 24, 2025
Focus on Building Party Unity, Not Open Endorsements – Buckman Chides Minority MPs
General News

Focus on Building Party Unity, Not Open Endorsements – Buckman Chides Minority MPs

by Emmanuel Tibila BoasahOctober 24, 2025
Goldbod
Extractives/Energy

CLGB Commends GoldBod for Transforming Ghana’s Small-Scale Mining Sector 

by Prince AgyapongOctober 24, 2025
Ghana’s Total Credit Plummets 39% Year-on-Year to GH¢8.6bn in August 2025
Banking

Ghana’s Total Credit Plummets 39% Year-on-Year to GH¢8.6bn in August 2025

by M.COctober 24, 2025
US Evacuates Personnel From Middle East
USA

Hegseth Announces Another US Strike On Alleged Drug Boat In Caribbean

by Comfort AmpomaaOctober 24, 2025
President John Dramani Mahama
President John Dramani Mahama
Focus on Building Party Unity, Not Open Endorsements – Buckman Chides Minority MPs
Goldbod
Ghana’s Total Credit Plummets 39% Year-on-Year to GH¢8.6bn in August 2025
US Evacuates Personnel From Middle East

Recent News

President John Dramani Mahama

President Mahama Introduces Major Reforms to Strengthen Disability Rights

October 24, 2025
President John Dramani Mahama

Ghana Rollout Free Tertiary Education for PWDs, Mahama Calls it a Landmark for Social Justice

October 24, 2025
Focus on Building Party Unity, Not Open Endorsements – Buckman Chides Minority MPs

Focus on Building Party Unity, Not Open Endorsements – Buckman Chides Minority MPs

October 24, 2025
Goldbod

CLGB Commends GoldBod for Transforming Ghana’s Small-Scale Mining Sector 

October 24, 2025
Ghana’s Total Credit Plummets 39% Year-on-Year to GH¢8.6bn in August 2025

Ghana’s Total Credit Plummets 39% Year-on-Year to GH¢8.6bn in August 2025

October 24, 2025
US Evacuates Personnel From Middle East

Hegseth Announces Another US Strike On Alleged Drug Boat In Caribbean

October 24, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address