The government has appointed Dr. Sa-ad Iddrisu, Economic Advisor to the Finance Minister, as a member of the newly constituted Board of Directors of Consolidated Bank Ghana Limited (CBG).

 Dr. Iddrisu, who previously served as an economist in the United States, brings significant financial expertise to the role.

The new board was inaugurated by the Minister for Finance, Dr. Casiel Ato Forson, who emphasised the importance of the bank as a key symbol of the state’s financial sector clean-up efforts. 

He reminded the board that the government had committed nearly GH₵30 billion to stabilise the sector and restore public confidence.

“I have assured the board of the government's commitment to recapitalise CBG in the coming year. 

However, it is equally important that this board safeguards taxpayers' money, as you have been entrusted with a crucial national asset,” Dr. Forson stated.

The Finance Minister also cautioned against the recurrence of inflated salaries and allowances within State-Owned Enterprises (SOEs), asserting that such practices would not be tolerated under the current administration.

New Board Chairman, Mr. Ernest Mawuli Agbesi, expressed his appreciation for the appointment and reaffirmed the board’s commitment to prudent management and delivering value to the government and the Ghanaian people.

The full list of board members includes:

• 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

The newly formed board is expected to steer CBG toward financial sustainability while upholding transparency and fiscal discipline