Finance Minister pledges independence and Professionalism for NIB
10th July 2025
Finance Minister Dr. Cassiel Ato Forson has reaffirmed the government’s commitment to repositioning the National Investment Bank (NIB) as a professionally run and independent institution, following the inauguration of a newly reconstituted Board of Directors.
Speaking at the official ceremony on Wednesday, July 9, Dr. Forson described the occasion as a pivotal moment in NIB’s transformation journey.
“Today, I had the honour of inaugurating the new nine-member Board of Directors for the National Investment Bank (NIB),” he said. “Under this new leadership, NIB will operate with the independence and professionalism it deserves.”
The Minister underscored the government’s renewed focus on strengthening the bank’s role in national development financing and restoring its credibility in the financial sector.
As part of this reform agenda, Dr. Forson announced a significant policy step—the recapitalisation of NIB.
“I am pleased to announce that the government has made a bold decision to recapitalise NIB,” he stated, noting that further details of the recapitalisation plan will be disclosed in the upcoming mid-year budget review.
He also congratulated the newly inaugurated board, which will be chaired by renowned banker Mr. Frank Adu Jnr., and expressed confidence in their capacity to lead the bank through a new phase of stability and growth.
The reconstitution of the board and the recapitalisation initiative are seen as key steps toward revitalising the state-owned bank, which has faced financial and operational challenges in recent years.