<\/p>\n
Kwamina Bentsi Enchill Duker<\/strong><\/p>\n A NEW chairman and six other members have been sworn into office to oversee the affairs of the Development Bank Ghana (DBG) as board of directors.<\/p>\n Government, through an open and competitive selection process coordinated by PwC (Ghana), appointed Dr. Yaw Ansu, who will chair the board, and Messrs Stephan Leudesdorff, Charles Boamah, Rosemary Yeboah, Mary Boakye, Yaw Nsarkoh, and Nora Bannerman-Abbott to direct affairs of the DBG.<\/p>\n The Ministry of Finance, in a statement, said the board members were selected for their \u201crelevant qualification, diversity of experience and skills, as well as their integrity\u201d and were inaugurated on December 1, 2021 during which Dr. Yaw Ansu was elected chairman.<\/p>\n According to the statement, the new board chair brings to his role, over three decades of experience as a \u201crespected economist\u201d working in several countries.<\/p>\n \u201cFor 26 years (1984-2010), Dr. Ansu worked at the World Bank, holding various technical and managerial positions, including Country Director for Zambia, Zimbabwe and Nigeria, Sector Director for Human Development in Africa and Network Director and Chairman of the Sector Board for the Economists Network at the World Bank, Headquarters in Washington DC,\u201d the statement indicated.<\/p>\n It said Mr. Ansu holds a PhD and M.S in Engineering-Economic Systems from Stanford University, and a B.A. in Economics from Cornell University, U.S.A., noting that \u201cthe board appointment is in line with the relevant sections of the Development Finance Institutions Act 2020 (Act 1032, 2020) under which the bank is regulated by the Bank of Ghana.\u201d<\/p>\n The Finance Ministry pointed out that the African Development Bank would have a seat on the board while the World Bank and KfW will each have observer status on the board.<\/p>\n Through a similar open and competitive process coordinated by PwC (Ghana), the board, in consultation with the Government, appointed Kwamina Bentsi Enchill Duker as the first Chief Executive Officer (CEO) of DBG.<\/p>\n Mr. Duker also brings to DBG over 30 years of experience in finance and investment across different geographies, including the UK, Asia and Ghana.<\/p>\n \u201cHe has in-depth knowledge in Treasury and Foreign Exchange (FX) markets from Deutsche Bank (UK and Singapore), Nomura Bank (UK) and Midland Bank (UK), where he held various senior positions.\u201d<\/p>\n The ministry stated that until his new appointment, Mr. Duker was the Managing Director of Fidelity Bank, Asia, a subsidiary of Fidelity Bank Ghana with total assets of over GH\u00a2105 billion within which he subsequently served as a board member.<\/p>\n \u201cHe has served on the board of Consolidated Bank Ghana, and also assumed the role of Head of Global Markets FX and Deutsche Bank (UK) with assets under management in Europe of over \u20ac122 billion.\u201d<\/p>\n \u201cHe was the CEO of OANDA Corporation where he had full oversight responsibility of the company\u2019s operations with staff strength of over 200 and revenue of over US$100 million. He was until recently the Managing Director of Dwennimmen Group, an advisory firm that is passionate about connecting world-class expertise to Africa,\u201d the statement noted.<\/p>\n It said Duker holds a Master of Business Administration from University of California and a Bachelor of Science in Electrical and Electronic Engineering from Barking University, Essex, U.K.<\/p>\n The ministry said DBG would facilitate business growth and job creation and accelerate economic transformation by supporting the financial sector through Participating Financial Institutions (PFIs) in both the banking and capital market industries.<\/p>\n The primary focus areas of DBG are agribusiness (especially, off-farm value-chain activities), manufacturing, ICT and allied services, tourism, among others, and it is expected to propel economic growth, create jobs and improve domestic revenue mobilisation.<\/p>\n \u201cDBG has commenced operations with an initial total funding of over US$750 million from Government and notable Development Finance Institutions (DFls),\u201d the statement added.<\/p>\n The board has been tasked to rapidly establish its international pedigree and to scale up its resource envelope to drive the country\u2019s economic transformation agenda in line with the Ghana Beyond Aid.<\/p>\n By Ernest Kofi Adu<\/strong><\/p>\n \u00a0<\/p>\n \n\t<\/div>\n","protected":false},"excerpt":{"rendered":" Kwamina Bentsi Enchill Duker A NEW chairman and six other members have been sworn into office to oversee the affairs of the Development Bank Ghana (DBG) as board of directors. Government, through an open and competitive selection process coordinated by PwC (Ghana), appointed Dr. Yaw Ansu, who will chair the board, and Messrs Stephan Leudesdorff, […]<\/p>\n","protected":false},"author":1,"featured_media":773727,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[557,1569,3758,3759],"class_list":["post-773726","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bank","tag-board","tag-devt","tag-sworn"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/773726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=773726"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/773726\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=773726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=773726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=773726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}