Phone: +233 (0)302 51-4000 Email: Staff E-mail

Management Team

MR. E. Y. SARPONG – Managing Director (MD)

Mr. E. Y. Sarpong is an experienced banker with over 30years experience in the banking industry retiring as the Head of Banking Operations at ARB Apex Bank Limited. He also worked as the Deputy Head of Banking and Treasury at the Apex Bank and was one of the Pioneer Management staff to start the ARB Apex Bank.

He was also the Chief Executive Officer of the Nsuotreman Rural Bank which he started and grew it to become the best Rural Bank in the Brong Ahafo Region. He also worked as a Branch Manager of the Ghana Co-operation Bank.

He holds a first Degree in Economics from the University of Ghana and an Executive Masters in Business Administration and Bachelor of Law Degree from GIMPA. He brings to Progress a very rich experience in the banking industry especially in regulation, retail banking.

ADARU MOHAMMED - Head of Internal Audit

Mr Mohammed Adaru is a hard-working, dedicated and ambitious Chartered Accountant who holds a Bachelor of Commerce degree in Accounting and an MBA Degree in Finance both from the University of Cape Coast. He is a Chartered Accountant and a member of the Institute of Chartered Accountants – Ghana (ICA-G). He is also a member of the International Institute of Certified Forensic Accountants (IICFA). Adaru has had a broad working experience in Auditing and Finance spanning over nine (9) years. Before joining Progress Savings and Loans Limited, he was the Head of Finance of Okomfo Anokye Rural Bank (OARB) Ltd. He joined the Rural Bank as Assistant Internal Auditor and rose to become the Head of Internal Audit from 2011 to April 2014 when he was appointed to the Head of Finance Position to help stream line the bank’s accounting and finance operations.

He was appointed to the position of Head of Internal Audit of Progress Savings and Loans Ltd in June 2017. His rich working experience as an Accountant and Auditor has greatly improved the internal control systems and structures of Progress Savings and Loans Ltd since he joined the company.


He is an expert in IT and information systems management. His area of expertise spans across various aspect of business sectors in the application of information technology in business. He has eleven (11) years of working experience mainly in the field of systems administration, information management, information security and consultancy in the banking/financial institutions, religious/social organisations, health providers and public organisations.

He holds MBA in Management Information Systems from the University of Ghana Business School. He completed his Bachelor of Arts degree in May, 2005 with Computer Science and Economics from the same University.

He is ITIL certified in IT Service Management, and also a Certified Systems Security Expert. He also has professional expertise in the setup, configuration and implementation of several applications including Microsoft Windows Server 2012, Microsoft Exchange Server 2013, Microsoft Lync Server 2013, Microsoft SharePoint 2013, Microsoft Hyper-V, Cloud Computing, and other Virtualization Technologies.

KOFI OWUSU AGYEMANG - Head of Operations

Mr. Kofi Owusu Agyemang has over 16 years experience in the banking industry. He has worked with Opportunity International Savings and Loans and Sinapi Aba Savings and Loans as Branch Operations Manager. Kofi has also worked with Okomfo Anokye Rural Bank where he started his Banking Career and later became the Head of Operations.

He is a product of Opoku Ware School. He also holds an EMBA from Kwame Nkrumah University of Science and Technology, BSC in Banking and Finance and a Certificate in Management from London Chamber of Commerce and Industry.

BENJAMIN ADJASOO - Head of Finance

Mr Benjamin Adjasoo holds a Bachelor of Arts degree in Economics from University of Ghana, Legon as well as an MBA in Finance from Sikim Manipal University of India (Accra Campus). Benjamin has had a very broad experience working in various capacities across different companies in the finance industry spanning over nine (9) years. He started his career as a Branch Manager with Advans Ghana Savings and Loans Limited. He worked with Beige Capital as a Cluster Head by a role He performed so creditably well. He later joined Union Savings and Loans as a Business Development Manager. He is highly accomplished and goal oriented individual and have demonstrated the ability to streamline business to drive growth, increase efficiency and profit. His core competencies are in Financial Analysis and Reporting, Client Relationship, Cross-Functional Leadership and Business Planning and Analysis.

He has held highly engaging roles ranging from Business Development Manager to Cluster of a highly respected entity like BEIGE Capital Savings and Loans. He is a Chattered Management Accountant and a Security and Exchange Commission Certificate Holder.