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ADB Shows Strength In 3 Northern Regions


2010-11-12 23:26:09
This article has been read 763 times.

The Agricultural Development Bank has within a week’s operation in Navrongo, in the Upper East Region, been able to register 463 customers.

“This shows that ADB is still the most competitive in respect of lending rates, particularly to the agricultural sector,” says Mr. Stephen Kpordzin, the managing director.


He said the bank was committed to the promotion of agriculture in the northern sector by establishing more branches to assist the farmers.
So far, the bank has 19 branches, with the latest two being inaugurated at Yendi and Navrongo last week.

Speaking to newsmen after the inauguration of the Navirongo branch, three northern regions – Northern, Upper East and Upper West – offer huge potentials for increased production of food, industrial and export crops, as well as poultry and livestock.

“Expanding our reach in this area, therefore, means a greater boost for agric businesses such as transportation, storage, preservation, warehousing, input distribution and marketing,” he stated.

He announced that ADB has a rich bouquet of products meant to bring the bank’s new touch-of-a-class customer experience” to its valued customers in Northern Ghana.

Mr. Kpordzih gave the assurance that the expansion was bank was to bring better banking services to the doorstep of its customers and, therefore, urged the public to come do business with the bank, as they stood the chance of achieving more.

Mr Adam Sulley, Executive Head, of Retail Banking, for on his part, disclosed that the bank would launch five new products every year, and called on the customers to avail themselves of the opportunities to promote and expand their businesses.

Mr. Mark Woyongo, Upper East Region Minister, in an address read on his behalf, said in a situation where majority of the people in a particular area were poor banking institutions should not just concern themselves with providing only banking services but should also play a leading role in the general socio-economic development of the people.

He noted that ADB had streamlined its operations in such a way that it was exactly responding to the needs of the people.

According to Mr. Wooyongo, the bank was providing its customers and, of course, other stakeholders with necessary credit facilities to promote and expand their businesses and other economic ventures for a rapid economic growth.

He said the Kassena -Nankana East District had a lot of agricultural potentials and that the existence of the Tono irrigation facility has offered a lot opportunities to individuals and groups who wanted to venture into large scale all-year- round rice, tomato and pepper production and expressed the hope that hope opening of the ADB branch would in no small measure, help to boost efforts at food production in the area.
Mr Woyongo appealed to the leadership of the bank to go the extra mile to relax some of the rules and regulations governing their operations, so that the bank’s services would become more attractive to the people in the district.

He also urged management to introduce more innovative products that would take care of majority of prospective beneficiaries to improve their lifestyles and” quicken the tempo of the general development of the area.”

The Regional Minister stated that non-payment of loans granted to customers could cripple the operations of the bank, and advised to beneficiaries of loans and other credit facilities to endeavour to repay them.

source: newstimes.com

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