Agricultural Development Bank PLC (ADB) will seek shareholder approval for a proposed GHS 873.31 million private placement involving the Government of Ghana as part of a broader plan to strengthen its capital base to GHS 3.02 billion in line with Bank of Ghana minimum capital requirements.
The proposal is expected to be considered at the bank’s 39th Annual General Meeting scheduled for Wednesday, June 24, 2026, in Accra.
According to the AGM notice, the transaction would involve a private placement of equity shares with the Government of Ghana for a consideration of GHS 873,310,000.00, subject to all necessary regulatory and statutory approvals.
If approved, the move would increase ADB’s stated capital to GHS 3,020,055,000.00, positioning the state-owned lender to meet the central bank’s capital adequacy threshold for commercial banks operating in the country.
The board is also expected to seek approval from shareholders to waive pre-emption rights, effectively allowing the Government of Ghana to participate in the equity placement without offering existing shareholders the first option to purchase additional shares.
In addition, shareholders will be asked to authorise the directors to determine the terms of the private placement, including timing, pricing and other modalities, as well as to take all necessary steps to implement the transaction.
The capital injection plan forms part of broader efforts to reinforce the bank’s balance sheet and ensure compliance with regulatory requirements set by the Bank of Ghana.
