The Agricultural Development Bank PLC (ADB) has doubled its commitment to Corporate Social Responsibility (CSR) as the bank records significant gains in its unaudited statement of financial position as at September 2024.
Twice winner of the Ghana Banking Award's Most Socially Responsible Bank and Best Corporate Social Responsible Bank at the Ghana Business Awards, in demonstrating its commitment in this regard, spent (GHS5,375 million) in respect of Corporate Social responsibility for the period ended 30 September 2024.
In its published Financials for Q3, the bank stated "A total amount of GHS5,375 million (compared with September 2023: GHS3,906) was spent in respect of Corporate Social responsibility for the period ended 30 September 2024; these included sponsorship for Best Farmer award, donation to schools and others of national interest." The Managing Director of ADB PLC, Alhaji Alhassan Yakubu-Tali, emphasized that the increase in CSR investment reflects the bank's mission to not only serve customers but also to contribute positively to society as a whole. "By directing more resources toward social initiatives, we aim to continuously help reduce poverty, create a lasting positive impact, and support sustainable growth," the MD stated.
Key areas of concentration included rural communities, agriculture, vulnerable or disadvantaged groups, underprivileged schools, environment, health, sports, culture and social/humanitarian.