Finance Minister Dr Cassiel Ato Forson has sworn in the new Board of Directors of Consolidated Bank Ghana Limited (CBG).
At the ceremony in Accra on Wednesday, July 9, the Finance Minister reminded the board that the previous “government spent close to GH₵30 billion to purportedly safeguard the sector, and CBG stands as a reminder of that development.”
He further assured the board of the government’s firm commitment to capitalise CBG in the coming year.
At the same time, he also tasked them with the crucial responsibility of safeguarding taxpayers’ money, as they assume stewardship over a vital national asset.
“I also made it clear that the era of excessive salaries and bloated board allowances in State-Owned Enterprises (SOEs) will not be entertained under our administration,” the Minister wrote on his X page.
Meet the New CBG Board of Directors:
Mr. Ernest Mawuli Agbesi – Chairperson
Dr. Naomi Wolali Kwetey – Managing Director
Ms. Irene Ackuaku – Member
Mr. David Adom – Member
Mr. Michael Kwasi Anyamesem – Member
Mr. Stephen Kporzih – Member
Dr. Sa-ad Iddrisu – Member
Mrs. Immaculate Kawe Kanlisi – Member
Mr. John Alexander Ackon – Member
Dr Ato Forson also inaugurated a newly reconstituted nine-member Board of Directors for the National Investment Bank (NIB).
This signals a new phase of reform and revitalisation for the state-owned bank.
Speaking at the brief ceremony, Dr Forson emphasised the government’s commitment to ensuring that NIB is steered with independence and professionalism.
“Today, I had the honour of inaugurating the new 9-member Board of Directors for the National Investment Bank (NIB),” the Minister announced on Facebook on July 9.
“Under this new leadership, NIB will operate with the independence and professionalism it deserves,” Dr Forson added.
He also extended his congratulations to the incoming board, chaired by Mr Frank Adu Jr.
Dr Forson further disclosed that the government has taken a bold step to recapitalise the bank to restore confidence and improve its operations.
“I am pleased to announce that the government has made a bold decision to recapitalise NIB,” he said.
“Fuller details of this comprehensive recapitalisation plan will be unveiled during our upcoming mid-year review.”
The newly constituted board includes several high-profile professionals: Dr Doli-wura Awushi Abdul-Malik Seidu Zakarai (Managing Director); Hon Dr Othniel Ekow Kwainoe; Hon Ebenezer Kwaku Addo; Dr Mrs Mercy Naa Aku Ofei-Koranteng; Dr Shani Bashiru; Mr Max George Cobbina; Dr Kwasi Akyem Apea-Kubi; and Dr Alfred Attuquaye Botchway.
The Finance Minister expressed confidence in the Board’s ability to reposition NIB as a viable and