Thursday, 30 May

NIB in dire need of qualified mgt team not party appointees – Minority

Politics
The Minority in Parliament has vehemently opposed Mr.Fokuo's appointment, citing concerns over the politicisation of State-Owned Enterprises and its potential impact on public trust in governmental resource management

The recent appointment of the NPP Parliamentary Candidate for Manso Nkwanta, Mr. Tweneboah Kodua Fokuo, as the new Managing Director for the National Investment Bank (NIB) has sparked criticism from the Minority in Parliament.

The Minority in Parliament has vehemently opposed Mr.Fokuo's appointment, citing concerns over the politicisation of State-Owned Enterprises and its potential impact on public trust in governmental resource management. 

The Ranking Member of the Committee on Employment, Social Welfare, and State-Owned Enterprises, Dr. Kwabena Donkor, expressed dismay, stating that the decision raises serious doubts about the commitment to revitalise the struggling bank.

“The National Investment Bank is distressed and on life support. It is in dire need of a management team with the requisite skills and competencies to engineer and manage a recovery programme of a medium-term nature,” Dr. Donkor emphasided, questioning the timing of appointing a Parliamentary Candidate so close to an election.

Dr. Donkor called upon the Akufo Addo-Bawumia government to reconsider the appointment and prioritide the integrity and business sustainability of the NIB.

Source: classfmonline.com