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17 July 2017 | Business & Finance

ADB Gets New MD

Daily Guide
ADB Gets New MD

President Nana Addo Dankwa Akufo-Addo has appointed John Kofi Mensah as the Managing Director of the Agricultural Development Bank (adb).

Starrfmonline.com can confirm that the Chief of Staff, Akosua Frema Osei-Opare, has written to the Minister of Finance Ken Ofori-Atta to “kindly take steps to regularize the said appointment in accordance with the relevant provisions of the Companies Act and the company's Regulation.”

The letter, dated July 14, 2017, was also copied to the Company Secretary of adb, the Office of the Vice President and the Secretary to the president.

Mr. Mensah will be replacing Daniel Asiedu, who was appointed March 1, 2016.

In 2016, Mr Mensah was highly tipped to head the GCB Bank, having resigned from First Capital Bank and sailed through a series of interviews for the coveted job.

He was credited with overseeing the company's transformation from a savings and loans firm into a full-fledged bank.

Before going to First Capital Plus as CEO, Mr Mensah worked at uniBank as Deputy MD.

He holds 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.

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 also worked with the erstwhile Bank for Housing and Construction and the Securities Discount Company Limited.

Mr Mensah has close to three decades of experience in banking with special expertise in Treasury Management, Credit Management, Foreign Operations, among others.

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