Managing Director of NIB, Dr Zakaria (R) with BoG Governor (M) and his first deputy (L)
The Managing Director of National Investment Bank PLC (NIB), Dr Doliwura Zakaria, led a high-level delegation to engage with the Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, and members of his management team.
This forms part of efforts to strengthen collaboration and address pressing matters related to governance, operations, technology, and growth initiatives.
While congratulating the BoG Governor and his First Deputy on their new roles, the NIB MD expressed confidence in their leadership, emphasising BoG’s unique dual role as both a shareholder and regulatory authority over NIB.
He also acknowledged the challenges and opportunities inherent in this relationship.
Dr Zakaria highlighted the strides NIB has made in returning to profitability and reaffirmed the bank’s commitment to remaining vibrant and aligned with national development goals.
He underscored the importance of sustained follow-ups on budgetary support measures to ensure the successful execution of key strategic initiatives at NIB.
The Managing Director of NIB expressed optimism that NIB will become a catalyst for Ghana’s industrialisation and economic transformation.
Among the major topics discussed was the proposed relocation of NIB’s corporate headquarters to Cedi House.
The Governor of the Bank of Ghana in response said a formal letter will be issued to that effect.
Dr Asiama reiterated BoG’s commitment to supporting NIB’s restructuring and growth efforts.
He stressed the critical importance of profitability and sustainability, particularly in light of Ghana’s ongoing negotiations with the International Monetary Fund (IMF).
The BoG Governor also praised NIB’s long-standing relationships with key institutional clients, such as the Ghana Armed Forces, and encouraged continued engagement with such loyal stakeholders.
He noted that the central bank would continue hosting NIB’s disaster recovery site in Kumasi and is exploring the possibility of waiving associated fees.
The BoG Governor further encouraged NIB to expand its footprint into the Savannah Region by opening an agency in Damongo or Bole to promote financial inclusion in underserved communities.
He emphasised that, as NIB strengthens its balance sheet, staff welfare must also improve.
He advocated for a renewed focus on recognising the loyalty of long-standing customers and rewarding staff for their dedication, especially in light of their sacrifices during challenging times.
SA/MA
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