- Governor emphasizes profitability, sustainability, and financial inclusion
- Proposal for NIB headquarters relocation to Cedi House received support
- BoG to continue hosting NIB’s disaster recovery site and consider fee waivers
The Managing Director of National Investment Bank PLC (NIB), Dr. Doliwura Zakaria, led a high-level delegation in a strategic meeting with the Governor of the Bank of Ghana (BoG), Dr. Johnson Pandit Asiama, to discuss strengthening collaboration and addressing key issues related to governance, operations, technology, and growth.
The meeting, which took place in Accra, also included the participation of the First Deputy Governor, Dr. Zakari Mumuni, and other members of the BoG management team.
In his opening remarks, Dr. Zakaria congratulated both the Governor and the First Deputy Governor on their appointments, expressing confidence in their leadership to drive reforms. He acknowledged the dual role of BoG as both a shareholder and regulator of NIB, recognizing the challenges and opportunities this dynamic brings.
Dr. Zakaria highlighted NIB’s return to profitability and reaffirmed the bank’s commitment to aligning with national development priorities. He emphasized the importance of continued engagement on budgetary support to ensure successful execution of strategic initiatives.
A major topic discussed was the proposed relocation of NIB’s corporate headquarters to Cedi House. The Governor expressed support for the proposal and assured that a formal letter regarding the move would be issued soon.
The meeting also focused on governance reforms, with the Governor reaffirming BoG’s support for NIB’s restructuring and growth initiatives. He emphasized the need for profitability and sustainability, particularly in light of Ghana’s negotiations with the International Monetary Fund (IMF). Dr. Asiama praised NIB’s partnerships, especially with institutional clients like the Ghana Armed Forces, and urged the bank to expand its engagements with such stakeholders. He also encouraged NIB to increase its presence in underserved regions, proposing the opening of an agency in Damongo or Bole in the Savannah Region to promote financial inclusion.
Other action points included BoG’s ongoing hosting of NIB’s disaster recovery site in Kumasi and the consideration of waiving associated fees. The Governor stressed the importance of improving staff welfare as NIB strengthens its balance sheet and ensuring that long-standing customers are recognized and rewarded for their loyalty.
The meeting concluded with a shared vision between NIB and BoG to reposition the bank as a key financial institution capable of driving Ghana’s industrial and economic transformation. Dr. Zakaria expressed his appreciation for the Governor’s support and reiterated NIB’s readiness to work closely with the central bank to implement reforms that will have a lasting impact on both the bank and the country.
He expressed optimism that NIB will play a crucial role in Ghana’s path to industrialization and economic growth.
