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2020 Annual Report & Financial Statements VISION, MISSION & CORE VALUES

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2 2020 Annual Report & Financial Statements VISION, MISSION & CORE VALUES Vision To be the people’s bank, harnessing the transformational power of agribusiness for wealth creation. Mission Growing a strong customer-centric Bank, providing profitable and diversified financial services for a sustained contribution to agricultural development and wealth creation. Core Values Trust - It is the currency that makes it possible for us to work together, build integrity and earn the right to be the people’s bank. Innovation - We will embrace our responsibility solve problems and consistently add value to our customers. Proactiveness - By putting ourselves in the customers shoes we will be timely in honouring our service promise. 2020 Annual Report & Financial Statements 3 TABLE OF CONTENT Notice of Meeting 05 Resolutions to be Passed at the Annual General Meeting 06 Corporate Information 09 Report of the Directors 10 Information on Key Management 22 Report from Board Chairman 27 Report from Managing Director 31 Independent Auditor’s Report 34 Statement of Profit or Loss 38 Statement of Comprehensive Income 39 Statement of Financial Position 40 Statement of Changes in Equity 41 Statement of Cash Flows 43 Notes to the Financial Statements 44 Value Added Statement Appendix I Shareholders’ Information Appendix II About Us 105 Proxy Form 115 4 2020 Annual Report & Financial Statements NOTICE OF MEETING NOTICE IS HEREBY GIVEN THAT the 34th Annual 2. A member who is unable to attend the General Meeting General Meeting of Agricultural Development Bank Limited is entitled to appoint a proxy to attend and vote on his/ will be held virtually and streamed live to shareholders her/its behalf. A proxy need not be a member of the on https://agricbankagm.com from the 4th Floor, Accra company; Financial Centre, Ridge, Accra at 11.00 AM on Thursday August 12, 2021 to transact the following business: 3. A proxy form can be downloaded from www.agricbank. com and may be filled and sent via email to info@ AGENDA csd.com.gh or deposited at the Company’s Registrar, Central Securities Depository on 4th Floor, Cedi Ordinary Resolutions House, Liberia Road, Accra, or posted to the Registrar at PMB CT 465 Cantonment, Accra to arrive at any 1. To receive and consider the financial statements and time during working not less than forty-eight hours reports of directors and auditors for the year ended prior to the commencement of the meeting. 31st December 2020; 4. All relevant documents in connection with the meeting 2. To appoint the following as directors: are available to shareholders from the date of this • Daasebre Akuamoah Agyapong II; notice on the Company’s website (www.agricbank. com). • Hon. Alhaji Habib Iddrisu; • Prof. Eric Yirenkyi Danquah; Accessing and Voting at the Virtual AGM 3. To re-elect the following directors retiring by rotation: A unique token number will be sent to shareholders by email and /or SMS from August 3, 2021 to give them • Mary Abla Kessie; access to the meeting. Shareholders who do not receive • Peter Quartey; the token can contact the CSD on: [email protected] or call 0302 906576/0303 972254 any time after August 7, • Evron Rothschild Hughes 2021 but before the date of the AGM to be sent the unique token. 4. To approve the remuneration of directors; 5. To authorise the directors to determine the remuneration To gain access to the Virtual AGM, shareholders must of the auditors for the financial year ending visit: https://agricbankagm.com and input their unique December 31, 2021; token number on Thurssday, August 12, 2021. For shareholders who do not submit proxy forms to the Registrar of the Company prior to the meeting, they may Dated this 21st day of July, 2021 vote electronically during the Virtual AGM again using their BY ORDER OF THE BOARD unique token number. Further assistance on accessing SGD. the meeting and voting electronically can be found on https://agricbankagm.com GODWYLL ANSAH COMPANY SECRETARY For further information, please contact The Registrar: Central Securities Depository (CSD) Ghana Limited, NOTES: 4th floor, Cedi House, Accra Tel:(233) 0302 906576/0303 972254 1. Due to the corona virus pandemic and consequent Email: [email protected] restrictions on public gatherings pursuant to the Imposition of Restrictions Act, 2020 (Act 1012) and other regulations, attendance and participation by members or their proxies in the meeting shall be by virtual means (I.e. through an electronic platform with audio-visual capacity which provides members or their proxies reasonable and fair opportunities to participate and engage with the directors and auditors); 2020 Annual Report & Financial Statements 5 RESOLUTIONS TO BE PASSED AT THE ANNUAL GENERAL MEETING The Board of Directors will propose the following ordinary Administration-(Accounting Option) University of resolutions, which will be put to the Annual General Ghana and MBA-Finance and Investment Banking Meeting for consideration and approval: from Lincoln University – California, USA. He is currently pursuing a law degree from the GIMPA ORDINARY RESOLUTIONS Law School. 1. To receive and consider the Financial Daasebre previously worked as Audit Associate Statements and Reports of the directors and at KPMG (2006 - 2009) Account Clerk at Health auditors for the Year ended 31st December Net (MHNGS), San Rafael, CA, USA (02/2010 2020. – 01/2011 and Inventory Manager at SEJUKAB Enterprise. He was the Superintendent- The Board will lay before the Annual General Management Accountant (Capital and Cost) Meeting for consideration the audited accounts of Abosso Goldfields Ltd Ghana (09/2011 – of the company for 2020, and the reports of the 08/2013), Consultant for Thonket Company Ltd. / directors and auditors thereon, as a true and fair Thonket Plantpool Ltd (1/1/2015- 31/08/2016) and view of the state of affairs of the company for the Director of KAYROCK Co. Ltd. /SEJUKAB Co. year ended December 31, 2020, and will propose Ltd. - (01/15- to date). the following resolution: Daasebre is 38 years old. That the accounts of the company for the year In accordance with clause 76 of the Constitution of ended December 31, 2020 and the reports of the the Company, the Board will recommend that he Directors and Auditor thereon be and are hereby be so appointed and will accordingly propose the deemed duly considered. following resolution: 2. To appoint the following as directors of the That members hereby duly appoint Daasebre Bank: Akuamoah Agyapong II as a director of the a. Daasebre Akuamoah Agyapong II; company subject to all regulatory approvals. b. Hon. Alhaji Habib Iddrisu; ii. Hon. Alhaji Habib Iddrisu: Alhaji Habib c. Prof. Eric Yirenkyi Danquah. Iddrisu is a 35-year-old Politician. He is By a letter dated July 2, 2021, the Government of currently the Member of Parliament for the Ghana nominated Messrs. Daasebre Akuamoah Tolon Constituency and the Deputy Majority Agyapong II, Hon. Alhaji Habib Iddrisu and Chief Whip in the Parliament of Ghana. Prior Prof. Eric Yirenkyi Danquah for appointment as to his election as a Member of Parliament, directors of the company. In accordance with he held notable leadership positions in both clause 76 of the Constitution of the Company, the the public and private sectors in Ghana and Board will recommend that the three (3) nominees abroad. These include Deputy Head, Ghana be so appointed and will accordingly propose Free Zones Authority, Tema Processing resolutions for the appointment of the nominees Zone (April 2017 – December 2020), Chief subject however to the approval of the Bank of Executive Officer, Fadhab Investment Ghana and all other regulatory approvals. Company Limited, Ghana (June, 2017 – date) and Supervisor, Perth International i. Daasebre Akuamoah Agyapong II: Daasebre Airport, Australia (2012 to 2014). He holds Akuamoah Agyapong II is the Kwawuhene Bachelor’s Degree in Communication Studies and the President of the Kwahu Traditional other and other relevant career certificates, Council. He is also the Vice President of the Graduate diploma,Graduate certificate and Eastern Regional House of Chiefs. diploma in Leadership and Management, Human Resource Management, Law and Daasebre is a Chartered Accountant by profession Governance, Administration and Management, (Association of Chartered Certified Accountants Journalism and Media Studies and Security. (ACCA)-UK – Member) and further holds BSc. Hon.Alhaji Habib Iddrisu is currently pursuing 6 2020 Annual Report & Financial Statements an Executive Master of Arts in Governance be so appointed and will accordingly propose the and Leadership at the Ghana Institute of following resolution: Management and Public Administration. That members hereby duly appoint Prof. Eric Yirenkyi Danquah as a director of the company In accordance with clause 76 of the Constitution subject to all regulatory approvals. of the Company, the Board will recommend that he be so appointed and will accordingly 3. To re-elect to the following directors retiring by propose the following resolution: rotation The following directors of the company: That members hereby duly appoint Hon. Alhaji Mrs. Mary Abla Kessie, Prof. Peter Quartey Habib Iddrisu as a director of the company and Mr. Evron Rothschild Hughes will subject to all regulatory approvals. retire in accordance with section 325 of the Companies Act, 2019 (Act 992) and clause iii. Prof. Eric Yirenkyi Danquah: Prof. Eric 76 of the Constitution of the company. Mrs. Yirenkyi Danquah is a 63-year-old Professor of Mary Abla Kessie, Prof. Peter Quartey and Mr. Plant Genetics at the University of Ghana. He Evron Rothschild Hughes who are all eligible holds BSc. Agric (Crop Science), University for re-election, have offered themselves to be of Ghana, MPhil Plant Breeding, University of re-elected as directors of the company. Cambridge, England and PhD Genetics, University of Cambridge, England. He is a former Head of The Board will recommend that they be so Department, Department of Crop Science (2005- re-elected and will propose the following 2006), University of Ghana, Legon and Dean, resolutions: International Programmes, University of Ghana (2006-2009).
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  • University of Cape Coast

    University of Cape Coast

    UNIVERSITY OF CAPE COAST THE ORIGINS, IMPLEMENTATION AND EFFECTS OF GHANA’S 1969 ALIENS COMPLIANCE ORDER BY ADJEI ADJEPONG THESIS SUBMITTED TO THE DEPARTMENT OF HISTORY, FACULTY OF ARTS, UNIVERSITY OF CAPE COAST IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR AWARD OF MASTER OF PHILOSOPHY (M.PHIL) IN HISTORY MAY 2009 DECLARATION Candidate’s Declaration I hereby declare that this thesis is the result of my own original work and that no part of it has been presented for another degree in this university or elsewhere. Candidate’s Signature: …………………………… Date: …………………… Name: ……………………………………………………………………………… Supervisors’ Declaration We hereby declare that the preparation and presentation of the thesis were supervised in accordance with the guidelines on supervision of thesis laid down by the University of Cape Coast. Principal Supervisor’s Signature: ………………………… Date: …………..... Name: ……………………………………………………………………………… Co – Supervisor’s Signature: ………………………… Date: ……………. Name: ……………………………………………………………………………… ii ABSTRACT This study situates the November 18, 1969 Aliens Compliance Order in a historical perspective and, with the employment of the internal-external approach, examines the context in which the expulsion order was enforced. Relying on both primary and secondary sources, the study reveals that various factors combined to make Ghana one of the preferred migrants’ destinations in West Africa, especially from the beginning of the nineteenth century to the 1960s. In the face of the growing immigrant population, the colonial, Nkrumah and NLC administrations all introduced immigration measures to control the influx of immigrants into Ghana. However, the colonial government and Nkrumah administration did not strictly enforce those regulations. The NLC attempted to remedy the situation, but it could not achieve much. When the Busia government was inaugurated, it immediately issued the expulsion order which caused the deportation of many immigrants in a manner never before attempted.