Finance Minister Dr Cassiel Ato Forson has inaugurated a newly reconstituted nine-member Board of Directors for the National Investment Bank (NIB), signalling 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. 

“Under this new leadership, NIB will operate with the independence and professionalism it deserves.” 

He also extended his congratulations to the incoming board, chaired by Mr Frank Adu Jnr, who also assumes the role of Managing Director.

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);  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; and Dr Alfred Attuquaye Botchway. 

The Finance Minister expressed confidence in the board’s ability to reposition NIB as a viable and trusted financial institution.