Finance Minister, Dr. Cassiel Ato Forson, has assured stakeholders that the Development Bank Ghana (DBG) is entering a new phase of reform, accountability, and renewal.
Addressing the Bank’s key development partners, including the World Bank, African Development Bank (AfDB), Germany’s KfW, and the European Investment Bank (EIB), Dr. Forson emphasized government’s resolve to restore confidence in the institution.
He disclosed that the Deloitte Audit Report on DBG would be referred to the Attorney General for the necessary legal action, stressing that accountability will remain central to the reform process.
“The past is behind us, and a new dawn has begun for DBG,” Dr. Forson declared, adding that those who undermined the Bank’s mission in the past would be held accountable.
The Minister further revealed that DBG is finalizing its Corporate and Action Plans to build a stronger, more sustainable institution capable of driving Ghana’s transformation agenda.
As part of the reforms:
1. A new Chief Executive Officer, selected through a competitive process, will be formally appointed on Monday, September 29;
2. A new Board of Directors is expected to be constituted by the end of October.
DBG’s Interim Board Chair, Albert Essien, reaffirmed the Bank’s commitment to transparency, accountability, and prudent governance.
Development partners welcomed the measures, describing them as crucial to ensuring DBG fulfils its mandate of financing long-term projects that support Ghana’s sustainable development.
Source: Starrfm.com.gh
