The National Investment Bank (NIB) is set to undergo restructuring to position it as a key driver of Ghana’s industrialisation and agricultural transformation agenda, according to Finance Minister, Dr. Cassiel Ato Forson.
Delivering the 2025 Mid-Year Budget Review in Parliament on Thursday, July 24, Dr. Forson revealed that the government has transferred its 500 million shares in Nestlé Ghana Limited to the bank as part of efforts to strengthen NIB’s capital base and enhance its developmental financing capacity.
“This is expected to strengthen NIB and help refocus it as a strong development-oriented bank, providing long-term financing support for Ghana’s industrialisation and agricultural transformation,” the Minister told Parliament.
He said the move is part of a broader strategy to support access to affordable credit for productive sectors and enable NIB to better align with national priorities.
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The restructuring of NIB forms part of ongoing financial sector reforms aimed at improving credit delivery, deepening financial inclusion, and ensuring that public institutions deliver on their mandates efficiently.
Dr. Forson noted that government is committed to ensuring that state-owned enterprises and financial institutions are equipped to contribute meaningfully to Ghana’s economic recovery and growth.
Source: Starrfm.com.gh
