The Managing Director of National Investment Bank PLC (NIB), Dr. Doliwura Zakaria, led a high-level delegation to engage with the Governor of the Bank of Ghana (BoG), Dr. Johnson Pandit Asiama.

Also in attendance were the First Deputy Governor, Dr. Zakari Mumuni, and members of the BoG management team in a strategic meeting focused on strengthening collaboration and addressing critical issues relating to governance, operations, technology, and growth.

In his opening remarks, Dr. Zakaria congratulated the Governor and First Deputy Governor on their appointments and expressed confidence in their leadership.

He acknowledged the Bank of Ghana’s dual role as both a shareholder and regulator of NIB, recognizing the complexities and opportunities this relationship presents.

He noted the strides NIB has made in returning to profitability and reaffirmed the bank’s commitment to remaining vibrant and aligned with national development priorities.

He also stressed the importance of sustained engagement on budgetary support measures to ensure the successful execution of key strategic initiatives.

A major topic discussed was the proposed relocation of NIB’s corporate headquarters to Cedi House. The Governor responded positively and indicated that a formal letter would soon be issued to that effect.

The conversation also addressed governance reforms at NIB.

The Governor reiterated BoG’s commitment to supporting the bank’s restructuring and growth, highlighting the importance of profitability and sustainability, especially in the context of Ghana’s ongoing negotiations with the International Monetary Fund (IMF).

He commended NIB’s long-standing partnerships with institutional clients such as the Ghana Armed Forces and encouraged continued engagement with such key stakeholders.

Several action points emerged from the meeting. BoG agreed to continue hosting NIB’s disaster recovery site in Kumasi and is considering a waiver of the associated fees.

The central bank also encouraged NIB to expand its presence in the Savannah Region by opening an agency in Damongo or Bole to support financial inclusion in underserved areas.

The Governor underscored that as NIB strengthens its balance sheet, improvements in staff welfare must follow.

He called for renewed efforts to recognize the loyalty of long-standing customers and reward staff for their dedication, particularly in light of sacrifices made during challenging periods.

The meeting underscored a shared commitment between NIB and the Bank of Ghana to reposition the bank as a credible institution capable of driving Ghana’s industrial and economic transformation.

Chief Dr. Zakaria expressed profound appreciation for the Governor’s support and reaffirmed NIB’s readiness to collaborate closely with the central bank to implement reforms that will deliver sustainable outcomes for both the institution and the nation.

He expressed optimism that NIB would catalyse Ghana’s industrialization and economic growth.