The Agricultural Development Bank PLC (ADB) has recorded a profit after tax of GH¢230.5 million for the first six months of 2025, showing strong signs of growth and a successful turnaround. This figure represents nearly three times the GH¢80 million profit recorded during the same period in 2024.
The unaudited results for the half-year ended June 30, 2025, reflect significant improvements in the bank’s operations. Key contributors to the growth included increased interest income, effective cost control, and a realignment of the bank’s asset portfolio. ADB’s total assets rose by 32% to GH¢14.99 billion, up from GH¢11.35 billion in June 2024. Customer deposits also grew significantly to GH¢12.03 billion, compared to GH¢10.17 billion last year.
The bank’s equity position saw a major turnaround, moving from a negative GH¢27.1 million in June 2024 to a positive GH¢1.51 billion in June 2025. This improvement was largely driven by strong earnings and capital injections.
As part of its new strategic direction, ADB slowed down the growth of its loan book and increased investments in securities to strengthen income stability and manage financial risk. This approach, according to management, supports long-term resilience and aligns with the bank’s transformation agenda.
Managing Director Edward Ato Sarpong attributed the performance to deliberate steps taken over the past year. “This half-year performance is a reflection of our vision to make ADB among the top 3 banks in Ghana,” he said. He added that the bank is on track to be fully recapitalized by next year, with sustainable growth measures already in place.
Board Chairman Kenneth Kwamena Thompson also praised the progress made, stating that the results show ADB is on the path to reclaiming its position in the banking industry. He reaffirmed the Board’s full support for the leadership team.
ADB’s new corporate tagline, “Beyond Banking” signals the bank’s commitment to redefining its role not just as a financial institution but as a partner in national development, focused on building futures, empowering businesses, and supporting communities.
With a clear vision, stronger financials, and renewed confidence, ADB is positioning itself as a major force in Ghana’s banking sector.
