General News of Wednesday, 22 January 2020Source: www.ghanaweb.comADB to name and shame loan defaultersADBThe Agricultural Development Bank (adb) says it will publish the names and pictures of loan defaulters if they do not pay up within 30 days. The bank’s decision to publish defaulters comes after an approval was given by the board of directors of the state-owned bank. ADB said it will not hesitate to “use all lawful means necessary against defaulters” who fail to settle their indebtedness after the expiration of the 30-day grace period. Loan defaulters have been asked to present a workable payment proposal for consideration, thus warning “failing which the bank shall be left with no option than to take drastic measures against any defaulters”. On January 2 2020, adb was cleared by the Securities and Exchange Commission to issue 39 million ordinary shares to the Ghana Amalgamated Trust (GAT).

Source: GhanaWeb January 22, 2020 11:26 UTC