Agricultural Development Bank of Ghana

Type	Parastatal
Founded	1965
Headquarters	Accra, Ghana
Key people	Alhaji Ibrahim Adam, Chairman[1]
Industry	Finance
Products	Loans, Agricultural Credit, Corporate Banking, International Banking, Commercial Banking
Total assets	US$190 million (2000)[2]
Owner(s)	Government of  Ghana
Website	http://www.agricbank.com

Agricultural Development Bank of Ghana, commonly known as Agricultural Development Bank or ADB, is a government-owned development and commercial bank in Ghana. The bank is the first development finance institution established by the Government of Ghana. As of August 2009, the bank is one of twenty six (26) licensed commercial banks in Ghana. ^[3]

Contents 1 Products and services 2 External links 3 See also 4 References

[edit] Products and services

In order to mitigate risk and maximize profits, the bank also engages in other types of banking beyond making agricultural loans. The range of services offered include:

1. Development Banking

• Agricultural Credit - For production and marketing
• Agro-processing Finance- For local and foreign markets
• Cocoa Farm Maintenance and Cocoa Bean Purchase
• Export Development Finance - Finance of value-addition to agricultural products for export
• Agribusiness Finance - Financing of purchase or lease of agricultural implements, fertilizer, storage facilities, transportation, distribution and export of agricultural produce.

2. Corporate Banking

• Foreign Account Service
• Domestic Checking Account Service
• Service Desk Facilities - Upon the request of the client, ADB opens a service desk at the client's premises to facilitate transactions for client's customers and staff.
• Business Credit
• International Banking - Through the bank's vast network of correspondent banks throughout the world.

3. Personal Banking

• Checking Accounts - Balances earn interest
• Direct Salary Deposit Services - Employers deposit salaries directly into employee's accounts
• Saving Accounts - Ordinary, Money-Market or Certificate-of-Deposit accounts
• Personal Loans - Available to employed customers with direct-deposit salary services
• Local Payment Services
• Automated Teller Machines (ATM) Services

4. International Banking

• Export Financing - Short-term financing, Export Documentation and Processing, Export Advisory Services, Letters of Credit and Letters of Collection
• Import Financing - Letters of Credit, Import Advisory Services, Conduct due diligence on foreign suppliers

5. Home Link Services

• Ghanaians Living/working Abroad
• Global citizens married to Ghanaians

6. Treasury Management

• Certificate of Deposit - In Cedis or International Currencies
• Bank of Ghana Treasury Bills/Bonds
• Custodial Bank Accounts
• Offshore Accounts - With all major International banks
• Cash Management Services
• Bank of Ghana Check Clearing Services
• Offshore Check Clearing Services
• Issue of Foreign Bank Drafts
• Issue of Traveler's Checks
• International Funds Transfer

7. Money Transfer Services

• In partnership with Western Union

[edit] External links

• About Ghana Agricultural Development Bank

[edit] See also

• Economy of Ghana
• List of banks in Ghana

[edit] References

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