The Government of Ghana has transferred its 500 million shares in Nestlé Ghana Limited to the National Investment Bank (NIB) as part of a broader plan to restructure and strengthen the bank’s role in national development financing.
Finance Minister, Dr. Cassiel Ato Forson, made the announcement during the presentation of the 2025 Mid-Year Budget Review in Parliament on Thursday, July 24. He explained that the move aims to boost NIB’s balance sheet and reposition the bank as a robust, development-oriented financial institution capable of supporting Ghana’s industrialisation drive.
“As part of measures to strengthen the National Investment Bank (NIB), Government has transferred its 500 million shares in Nestlé Ghana Limited to NIB,” Dr. Forson stated.
The Minister said the restructuring is in line with the government’s strategy to transform NIB into a viable institution that delivers long-term financing for key sectors such as manufacturing, agro-processing, housing, and export development. This aligns with the broader goal of enhancing access to affordable credit for productive ventures, especially in areas where commercial banks have traditionally been reluctant to lend.
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Dr. Forson added that government’s support for NIB also reflects its commitment to sustainable private sector growth, inclusive development, and job creation. By leveraging strategic state assets and reorienting NIB’s mandate, the government hopes to close existing financing gaps and help drive Ghana’s post-COVID economic recovery.
The restructuring of NIB comes amid a wider financial sector reform agenda aimed at improving resilience, strengthening governance, and ensuring that development finance institutions play a more targeted role in the country’s medium to long-term growth strategy.
Source: Starrfm.com.gh
