The Board of National Investment Bank (NIB) has been reconstituted and inaugurated. 

The ceremony which took place at the Conference Room of the Ministry of Finance (MoF) on Tuesday, November 9, saw the swearing-in of the nine Board of Directors by the Finance Minister, Ken Ofori Atta.

The new Board which is chaired by Kofi Owusu Sekyere has Samuel Sarpongas, the Managing Director; Michael Ayesu; Dennis Adjei Dwomoh; Lynn Allotey Gadzekpo; Ken Kanyagui; Kow Amponsah Sam; Kofi Okyere-Agyekum, and Dr Gideon Boako as members.

In his inaugural speech, the Finance Minister, Ken Ofori Atta commended the outgoing Board for their “diligent service and dedication since their appointment in 2017”.

He acknowledged their efforts at putting in place a strong and experienced management team that has been able to, among other things stabilize the bank and develop a strategic plan to transform the bank from its current commercial banking business model to an industrial development focus.

Mr Ofori Atta reiterated government’s “commitment to work with the new Board and other stakeholders to ensure that the bank is put on a path to profitability."

The Finance Minister noted that the manufacturing sector has the potential to help address this country’s unemployment situation, “and that is what we want NIB to help government address especially, during this trying moment of a Covid-19 pandemic, climate change, and other emerging issues.”

He added that “the location of the African Continental Free Trade Area (AfCFTA) office in Accra, Ghana presents us with a great opportunity to capitalize on this to put NIB in the forefront of the industrialisation agenda”.

In his acceptance speech, Board Chairman, Kofi Owusu Sekyere thanked the President, for his confidence in the team and assured that “steps would be taken to restore NIB to its core mandate of providing critical financial and advisory services to the industry.”