Finance Minister Dr Cassiel Ato Forson has assured that the National Investment Bank (NIB) will be repositioned to function with the independence and professionalism it deserves, following the inauguration of a new nine-member Board of Directors. 

He gave this assurance during the official inauguration ceremony, held earlier today, Wednesday, July 9. 

“Today, I had the honour of inaugurating the new 9-member Board of Directors for the National Investment Bank (NIB),” Dr Forson stated. 

“Under this new leadership, NIB will operate with the independence and professionalism it deserves.” 

He emphasised that this marks a turning point for the institution as government works to strengthen its role in national development financing.

Dr Forson further announced that government has taken decisive steps to recapitalise the bank. 

“I am pleased to announce that the government has made a bold decision to recapitalise NIB,” he disclosed, adding that further details of the comprehensive recapitalisation plan would be presented during the upcoming mid-year budget review.

He extended his congratulations to the newly inaugurated board, which is chaired by seasoned banker Mr Frank Adu Jnr. 

The board includes: Dr Doli-wura Awushi Abdul-Malik Seidu Zakaria (Managing Director), Dr Othniel Ekow Kwainoe, Ebenezer Kwaku Addo, Dr Mrs Mercy Naa Aku Ofei-Koranteng, Dr Shani Bashiru, Mr Max George Cobbina, Dr Kwasi Akyem Apea-Kubi, and Dr Alfred Attuquaye Botchway. 

Dr Forson expressed confidence in their collective expertise to steer the bank towards renewed relevance and impact.