Source:tolonradio.com/Abubakari Adam/Baba Issahaq Mohammed
The Agricultural Development Bank PLC (ADB) has announced the resignation of its Managing Director, Mr. Alhassan Yakubu-Tali, effective February 5, 2025. His resignation follows the nomination of a new Managing Director by the Bank’s majority shareholder.
Mr Yakubu-Tali was appointed as Managing Director on December 1, 2022, after serving as Deputy Managing Director from August 2017 to November 2022. During his tenure, he spearheaded the rollout of a two-year corporate strategy, which contributed to the Bank’s overall growth in capital and assets.
Under his leadership, ADB shareholders injected an additional GHS 1.501 billion to stabilize the Bank’s capital. He also led efforts to recover non-performing loans (NPLs), significantly improving the Bank’s financial performance. His tenure marked a turnaround from consecutive losses recorded in previous years, reinforcing ADB’s position in the financial sector.
According to the statement, the Board, Management, and Staff of ADB have expressed their gratitude to Mr Yakubu-Tali for his contributions to the Bank’s success and extended their best wishes for his future endeavours.
