Finance Minister Dr. Cassiel Ato Forson has inaugurated a new 9-member board for the National Investment Bank (NIB), pledging a major government decision to recapitalize the bank.
Speaking at the inauguration ceremony, Dr. Ato Forson acknowledged that NIB had been subjected to political interference in the past but emphasized that this era has come to an end.
“NIB was turned into a political football. But that ends now,” the Finance Minister declared.
He further revealed that the government has taken a bold step to recapitalize NIB and committed to disclose further details of the plan during the upcoming mid-year budget review.
The newly inaugurated board is chaired by former Chief Executive Officer of Cal Bank, Frank Adu Jnr, who expressed gratitude to the Finance Minister and appealed for continued support to help turn around the bank’s fortunes.
The complete board composition includes:
- Managing Director: Dr. Doli-wura Awushi Abdul-Malik Seidu Zakarai
- Dr. Othniel Ekow Kwainoe
- Ebenezer Kwaku Addo
- Dr. Mrs. Mercy Naa Aku Ofei-Koranteng
- Dr. Shani Bashiru
- Mr. Max George Cobbina
- Dr. Kwasi Akyem Apea-Kubi
- Dr. Alfred Attuquaye Botchway
The Finance Minister urged the new board to work with integrity and ensure that the NIB once again plays its strategic role in Ghana’s development finance ecosystem.
Source:graphic.com.gh