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BusinessGeneralHeadlines

Government inaugurates new NIB board, announces plan to recapitalise bank

Finance Minister inaugurates new NIB board chaired by Frank Adu Jnr, promises recapitalisation in mid-year budget review.

Risa Wyettey Cofie By Risa Wyettey Cofie Published July 9, 2025
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The Minister for Finance, Dr. Cassiel Ato Forson, has inaugurated a new nine-member Board of Directors for the National Investment Bank (NIB), signalling a new phase of leadership and renewed government commitment to strengthening the state-owned bank.

In a post shared on Facebook, the Minister announced that under the new leadership, NIB is expected to operate with the “independence and professionalism it deserves.”

As part of efforts to revitalise the bank, the government has also made a bold decision to recapitalise the institution. “Fuller details of this comprehensive recapitalisation plan will be unveiled during our upcoming mid-year review,” the Minister stated.

The newly inaugurated board is chaired by Mr. Frank Adu Jnr, who has also been appointed as the Managing Director of the bank. The Finance Minister described his appointment as a move that brings “fresh leadership to the institution.”

The full list of board members includes:

  • Dr Doli-wura Awushi Abdul-Malik Seidu Zakarai (Managing Director)
  • Hon. Dr Othniel Ekow Kwainoe
  • Hon. Ebenezer Kwaku Addo
  • Dr Mrs Mercy Naa Aku Ofei-Koranteng
  • Dr Shani Bashiru
  • Mr Max George Cobbina
  • Dr Kwasi Akyem Apea-Kubi
  • Dr Alfred Attuquaye Botchway

Dr Forson congratulated the new board and expressed optimism that the reforms would reposition NIB for growth and sustainability.

Source: Starrfm.com.gh

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TAGGED:Finance Minister GhanaFrank Adu Jnr NIBGhana financial sector reformsmid-year budget Ghana 2025National Investment Bank boardNIB recapitalisation
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By Risa Wyettey Cofie
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Risa Wyettey Cofie is passionate about discovering and telling stories, inspiring growth, building sought-after personal brands, and impacting lives. She’s an Author, a Digital Journalist, a Personal Brand Manager, and a Social Impact Advocate. She’s also a Web Content Manager at EIB Network; and the Founder of Star Your Brand, Today’s Youth Africa, Damsels on Fire Tour and Ghana Needs Peace Campaign.
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