Edward Ato Sarpong nominated as ADB MD
Reports gathered by GhanaWeb Business indicate that the Board of the Agricultural Development Bank (ADB) has approved the nomination of Edward Ato Sarpong as its new Managing Director.
The majority shareholder of ADB nominated Sarpong, a Chartered Accountant and former Deputy Minister of Communications, to lead the bank.
In a statement issued on February 6, 2025, the ADB Board confirmed the nomination, which is, however, subject to regulatory approvals from the Bank of Ghana, the Securities and Exchange Commission, and the Ghana Stock Exchange.
The statement further reveals that the Board convened last week to interview Sarpong before formally approving his nomination. If all regulatory clearances are secured, he is expected to assume office on February 10, 2025.
Sarpong will succeed Alhassan Yakubu Tali, who resigned from his position on February 5, 2025.
> Background of Edward Ato Sarpong
Edward Ato Sarpong brings extensive experience in business and leadership. He previously served as Managing Director of Africaonline and Chief Operating Officer of K-Net between 2009 and 2011.
In 2014, he was appointed Deputy Minister of Communications under former President John Mahama’s administration, where he played a key role in shaping Ghana’s digital and telecommunications policies.
Sarpong is a member of the Institute of Chartered Accountants, Ghana, and an alumnus of the University of Professional Studies (UPSA). He also holds an Executive Master’s Degree in Entrepreneurship from the University of Ghana Business School and has completed a Leadership Development Programme at the Manchester Business School.
The Agricultural Development Bank (ADB) is a state-owned financial institution focused on supporting Ghana’s agricultural sector. It was successfully listed on the Ghana Stock Exchange (GSE) on December 20, 2016, marking a major milestone in its operations.
If his appointment is confirmed, Edward Ato Sarpong is expected to lead the bank through its next phase of growth, focusing on strengthening its financial performance and expanding its role in Ghana’s economic development.
SSD/MA
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