Finance Minister inaugurates new NIB Board, announces recapitalisation plan
Finance Minister Dr. Cassiel Ato Forson has inaugurated a newly reconstituted nine-member Board of Directors for the National Investment Bank (NIB), marking the beginning of a renewed effort to reform and revitalise the state-owned institution.
At a brief ceremony, Dr. Forson reaffirmed the government’s commitment to restoring the bank’s credibility and efficiency, stressing the need for independent and professional leadership.
“Today, I had the honour of inaugurating the new nine-member Board of Directors for the National Investment Bank (NIB),” the Minister stated. “Under this new leadership, NIB will operate with the independence and professionalism it deserves.”
The new board is chaired by veteran banker Frank Adu, who will also serve as the bank’s Managing Director. Dr. Forson congratulated the appointees and expressed confidence in their ability to drive the transformation agenda of the bank.
In a significant policy announcement, the Minister revealed that the government has approved a bold recapitalisation plan to strengthen NIB’s financial foundation and boost public and investor confidence.
“I am pleased to announce that the government has made a bold decision to recapitalise NIB,” he said. “Fuller details of this comprehensive recapitalisation plan will be unveiled during our upcoming mid-year review.”
The newly constituted board includes several high-profile professionals:
Dr. Doli-wura Awushi Abdul-Malik Seidu Zakaria (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
The Finance Minister expressed confidence in the board’s ability to reposition NIB as a viable and trusted financial institution.
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