Audio By Carbonatix
The Finance Minister, Dr. Cassiel Ato Forson has disclosed that over 900 direct jobs at the National Investment Bank (NIB) have been preserved following strategic interventions to stabilise the institution.
Speaking during the presentation of the 2025 Mid-Year Budget Review in Parliament on July 24, 2025, Dr. Forson commended efforts that have been taken to revitalize the struggling state-owned bank. “We have saved 900 direct jobs at NIB through deliberate and timely actions,” he announced, stressing the importance of preserving livelihoods while reforming public financial institutions.
He described the National Investment Bank as "prime for business," adding that the bank is now in a much stronger financial position. “NIB is now liquid and fully active,” Dr. Forson said, indicating that the bank has regained its footing and is ready to effectively support Ghana’s industrial and commercial sectors.
The remarks come in the wake of recent efforts to restructure and recapitalise the bank, which had faced years of financial and operational challenges. Dr. Forson lauded the turnaround as a positive development, especially in the context of protecting jobs and boosting confidence in state-owned enterprises.
He urged continued support and oversight to ensure that NIB remains viable and contributes meaningfully to Ghana’s economic growth agenda.
The announcement has sparked renewed interest in the bank’s role in financing small and medium enterprises (SMEs) and supporting industrial development, as government pushes forward with its economic recovery programme.
Latest Stories
-
GEXIM@10: Experts discuss AfCFTA and strategies for export growth
2 minutes -
NPP must aim for decisive 2028 parliamentary Majority — Minority Leader
30 minutes -
Ghana not afraid of Germany like a few years ago – Kurt Okraku
35 minutes -
UNESCO-Ghana, Manhyia Palace Museum seal partnership as 2026 Otumfuo Art Awards launched
60 minutes -
Ibrahim Mahama faces Police board as assault probe continues
1 hour -
UK–Ghana study tour strengthens partnership on roads and future transport systems
1 hour -
Renting out your Accra apartment: Should you short-let or long-let in 2026?
1 hour -
Government communication alone won’t fix tomato shortage – Dr Charles Nyaaba
1 hour -
Ghanaian community in Switzerland champions inclusive governance at Diaspora Dialogue Series
2 hours -
UN slavery resolution isn’t binding, but revives calls for reparations – Prof Appiagyei-Atua
2 hours -
Ablakwa expresses deep gratitude to UN member states for backing Ghana’s slavery resolution
2 hours -
Gender Minister engages management, introduces new Chief Director at MoGCSP
2 hours -
Last Gallop: The rise, fall and fight for Horse Racing in Ghana
2 hours -
Communications Minister launches Ghana Climate Atlas to strengthen planning and climate resilience
2 hours -
Maintain credibility, reduce commentary — NDC elections director advises Mussa Dankwah
2 hours
