Development Bank Ghana (DBG) has announced Dr. Randolph Nsor-Ambala as the Bank's new Chief Executive Officer (CEO), effective 21st January 2025. 

The Board Chairman, Dr. Yaw Ansu, who made the announcement, extended gratitude to Mr K. Duker, the outgoing CEO, for his contributions to the bank and welcomed the new CEO, expressing the confidence of the entire Board in the new leadership and pledging their total support. 

Dr. Nsor-Ambala is a development finance professional with several years of executive leadership experience in multisectoral corporate organisations, including Promasidor Ghana Limited, Coca-Cola, Diageo, and MTN, a statement by the Bank observed.

It said over the past 15 years, Randolph has been involved in development assignments funded by development partners within the agriculture, manufacturing, education, ICT, governance, energy and health sectors that aim to position the private sector as the engine of growth, improve gender parity, address climate change and unleash possibilities for marginalised, underserved and vulnerable persons. 

The statement said his appointment marks a new era of strategic growth, reinforcing DBG's commitment to fostering a competitive and resilient private sector in Ghana.

“As DBG transitions into this new phase, the Bank remains steadfast in its mission to accelerate inclusive and sustainable economic transformation.

“Under Dr. Nsor-Ambala's leadership, DBG expects to be innovative and catalytic, accelerating impact investing and technical assistance to propel transformative growth led by the private sector through access to long-term finance, fostering women's economic empowerment, promoting environmentally friendly actions and aligning with contemporary ESG practices.

“Since its inception three years ago, DBG's wholesale financing model has facilitated significant disbursements through Participating Financial Institutions (PFIs), unlocking projects and value chains to empower several businesses across agribusiness, manufacturing, ICT, and high-value services. The Bank continues to be dedicated to bridging the MSME financing gap to ensure that Ghanaian businesses gain access to long-term, competitively priced capital, fostering resilience, innovation, and sustainable growth,” said the statement issued by the Communication Department.