Ecobank Assigns New Role To Ghana MD

Samuel Ashitey Adjei

Samuel Ashitey Adjei

The Ecobank Group has announced that the current Managing Director of its subsidiary in Ghana, Samuel Ashitey Adjei, has been appointed Managing Director for the Group’s recently combined region Central, Eastern and Southern African (CESA) countries, consisting of 18 subsidiaries.

Mr. Adjei will step down as MD of Ecobank Ghana on 30th March, 2016.

Mr. Adjei, who has been credited with the bank’s outstanding performance in the last several years, assumed the position of Managing Director for Ecobank Ghana in 2006, and has since that time built the bank from eight to 78 branches to become the leading bank in Ghana.

Currently, Sam Adjei runs the Group’s West African Monetary Zone member countries, including the Ghana subsidiary.

A renowned banker in Ghana’s banking industry, Sam has influenced policies and industry transformation and is a well-respected banking professional across the market.


Mr. Adjei, who started his banking career over 25 years ago, has spent the significant part of his career with Ecobank.

He joined Ecobank in 1990 and has held several business leadership positions.

Prior to the MD role, he was Deputy Managing Director for a year, an executive director and head of Corporate Banking & Treasury.

Ecobank Group CEO Ade Ayeyemi said, “Over the last several years and more so in the last 10 years as Managing Director, Sam has taken our Ghana subsidiary to unprecedented leadership heights, and has given us a franchise that is well positioned for continued and sustainable success. The last 10 years have seen this subsidiary grow exponentially. It has become the most successful and profitable subsidiary, both internally within the Ecobank Group and externally in the Ghana banking industry.

“We are confident that Sam will exemplify this success in his new role as regional executive for our newly-created CESA Region.”

A business desk report