Audio By Carbonatix
The Finance Minister, Dr. Cassiel Ato Forson has disclosed that over 900 direct jobs at the National Investment Bank (NIB) have been preserved following strategic interventions to stabilise the institution.
Speaking during the presentation of the 2025 Mid-Year Budget Review in Parliament on July 24, 2025, Dr. Forson commended efforts that have been taken to revitalize the struggling state-owned bank. “We have saved 900 direct jobs at NIB through deliberate and timely actions,” he announced, stressing the importance of preserving livelihoods while reforming public financial institutions.
He described the National Investment Bank as "prime for business," adding that the bank is now in a much stronger financial position. “NIB is now liquid and fully active,” Dr. Forson said, indicating that the bank has regained its footing and is ready to effectively support Ghana’s industrial and commercial sectors.
The remarks come in the wake of recent efforts to restructure and recapitalise the bank, which had faced years of financial and operational challenges. Dr. Forson lauded the turnaround as a positive development, especially in the context of protecting jobs and boosting confidence in state-owned enterprises.
He urged continued support and oversight to ensure that NIB remains viable and contributes meaningfully to Ghana’s economic growth agenda.
The announcement has sparked renewed interest in the bank’s role in financing small and medium enterprises (SMEs) and supporting industrial development, as government pushes forward with its economic recovery programme.
Latest Stories
-
Amb. Edward Boateng congratulates Boadu, Kodua on election wins
5 minutes -
John Boadu pledges to rebuild NPP from grassroots and restore ‘winning machinery’
8 minutes -
Ashaiman Assembly deploys monitoring system to curb dumping in storm drain
20 minutes -
John Boadu must rebuild, unite NPP for 2028 – Edward Boateng
22 minutes -
Executive intimidation of opposition undermines separation of powers – Prof Oquaye
26 minutes -
I have no issue with John Boadu; we’ll work together – Justin Kodua
1 hour -
Adom FM Y2K Jam delivers a night of music, fashion and nostalgia
2 hours -
Lawrence Kobena Nsarko Otoo, Esq
3 hours -
Bel-Aqua intensifies mental well-being campaign ahead of 15th anniversary
3 hours -
From banking to party finances: Alfred Kwadwo Thompson elected NPP Treasurer
3 hours -
George Christian Papa Mends
3 hours -
Ali Suraj elected NPP NASARA Coordinator
4 hours -
Mustapha Hamid misses out on NPP Vice Chairmanship by 31 votes despite early poll lead
4 hours -
Kojo Bamba, Henry Nana Boakye and Nana Akomea elected NPP Vice Chairmen
5 hours -
From Delta Force to NPP First Vice Chairman – Kojo Bamba’s political journey
5 hours