President Nana Akufo-Addo has nominated Dr. John Kofi Mensah as the new Managing Director of the Agricultural Development Bank (adb).
If approved by the bank’s Board of Directors, Dr. Mensah would replace Mr. Daniel Asiedu, who was appointed in March 2016.
The Central Bank owns 9.5 percent stake in ADB and the Government of Ghana owns 32.3 percent stake. The remaining stake is held by EDC Capital – six percent; Belstar Capital – 34 percent; Starmount Development Company Limited – 11 percent; and the remaining stake held by the public.
Dr Mensah holds a Doctor of Business administration (DBA) Degree (Finance option) from the Swiss Management Centre University, Switzerland.
He has an MSc. degree in Banking and Finance from FINAFRICA in Milan, Italy and a BA degree in Economics and Statistics from the University of Ghana, Legon.
He has over twenty-six years’ experience within the banking industry with special expertise in Treasury Management, Credit Management, Foreign Operations and nurturing new and distressed banks and financial institutions.
He is credited with the transformation of First Capital Plus into a bank from a savings and loans company.
Prior to joining First Capital, he was the Deputy Managing Director of uniBank Ghana.
Prior to joining uniBank, he worked at International Commercial Bank as the General Manager/Deputy CEO, and supervised the organic growth of the bank.
He has also worked with the erstwhile Bank for Housing and Construction, and the Securities Discount Company Limited.
Source: Ghana/AccraFM.com
