GCB Bank PLC (GCB) has appointed Daniel Kwaku Tweneboah Asirifi as its new Board Chairman.

Mr Asirifi’s assumption of office as Board Chairman of the Bank follows the successful end of Jude Kofi Arthur’s tenure as Board Chairman.

Mr Asirifi is a product of the University of Ghana’s then School of Administration now known as University of Ghana Busi­ness School, where he picked up both his Bachelor’s and Master’s degrees.

He later enrolled at the Ghana Law School and was called to the Bar some two decades ago.

At the inception of the Ghana Stock Exchange, Mr Asirifi pur­sued courses which gained him proficiency in its operations and also provided him deeper insights into the capital markets.

Mr Asirifi has been a member of the GCB Board since February 24 2022, where his deep under­standing of the legal environment in which the Bank operates and his appreciation of the intricate corporate governance regime of the financial services sector have been very critical to the work of the board.

He served as the Chairman of the Board’s Ethics, Gover­nance, Compliance and Nomi­nations Committee. He was also a member of the Board’s Credit Committee, the Board’s Human Resource & Remuneration Com­mittee and the Board’s G-Money & Electronic Payments Commit­tee.

Commenting on his appoint­ment in a statement issued by the bank in Accra yesterday, Mr Asirifi said, “my appointment to the position of Board Chairman of GCB Bank PLC places greater responsibility on me, especially considering that the Bank has reached the significant milestone of seventy years and is looking forward to a future of strength­ened operations, performance and relationships.”

He said, “Under my watch, GCB Bank will continue on the trajectory of success with even greater momentum by working closely with my colleagues and management. We will continue to deliver on the strategic objectives in our four-year plan with keen focus on governance and sustain­ability.”

GCB’s Managing Director, John Kofi Adomakoh, said, “On behalf of the management team, and indeed all GCB staff, I congratulate Mr Asirifi on his appointment as Board Chair­man. We look forward eagerly to working with him in his new role to deliver on our key objectives, which include providing a lifetime of value to our stakeholders, particularly our shareholders and customers as our brand promis­es.”

“On this occasion, we take the opportunity to thank our immedi­ate past Board Chairman, Jude Arthur, for his immense support, guidance and commitment. As Board Chairman, Mr Arthur was instrumental in successfully steer­ing the affairs of the Bank’s Board to offer guid­ance to manage­ment through a period of strong headwinds, we therefore re­main forever indebted to him,” he said.