Edward Ato Sarpong, a Chartered Accountant and former Deputy Minister of Communications, has been appointed as the new Managing Director of the Agricultural Development Bank (ADB).

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His appointment follows the resignation of Alhassan Yakubu Tali, who stepped down on February 5, 2025, after serving as Managing Director since December 1, 2022. Mr. Tali had previously held the role of Deputy Managing Director from 2017.

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A statement from the ADB Board on February 6, 2025, confirmed that the bank’s Majority Shareholder had nominated Mr. Sarpong for the top position. Sources familiar with the bank’s operations revealed that the Board met last week to interview him and approved his nomination. He is expected to officially assume office on Monday, February 10, 2025.

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Profile of Edward Ato Sarpong

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Mr. Sarpong has held several leadership positions in the corporate sector. He was the Managing Director of AfricaOnline and served as Chief Operating Officer of K-Net between 2009 and 2011. His political career includes serving as Deputy Minister of Communications under former President John Mahama in 2014.

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A Chartered Accountant by profession, he is a member of the Institute of Chartered Accountants, Ghana. He studied at the University of Professional Studies (UPSA) and later obtained an Executive Master’s Degree in Entrepreneurship from the University of Ghana Business School. Additionally, he is an alumnus of the Manchester Business School’s Leadership Development Programme.

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Beyond his corporate and political roles, Mr. Sarpong has worked as a business consultant for Multimedia Group Limited, the parent company of Joy FM, Adom FM, and Multi TV. Since 2011, he has also been a consultant and trainer for Edge Capital Partners, his own firm, specializing in business leadership and motivational speaking.

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ADB’s Shareholding Structure

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According to the bank’s official records:

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Financial Investment Trust (Bank of Ghana) holds 64.05% of shares

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Government of Ghana owns 21.50%

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Ghana Amalgamated Trust PLC has 11.26%

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Retail investors and ADB staff collectively hold 3.2%

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The bank has been listed on the Ghana Stock Exchange (GSE) since December 20, 2016.

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