The Minister for Finance has inaugurated a new nine-member Board of Directors for Consolidated Bank Ghana Limited (CBG), marking a fresh chapter in the governance of the state-owned financial institution.
In a statement shared via Facebook on Wednesday, July 9, the Minister emphasized the government’s renewed commitment to revitalising the bank and ensuring accountability within the financial sector.
He also announced plans to recapitalise CBG in the coming year as part of broader efforts to strengthen the bank’s operations.
The newly appointed board is expected to provide strategic direction and uphold transparency, especially in light of the government’s previous intervention in the banking sector, which cost nearly GH₵30 billion.
The board members are:
- Ernest Mawuli Agbesi – Chairperson
- Dr. Naomi Wolali Kwetey – Managing Director
- Irene Ackuaku – Member
- David Adom – Member
- Michael Kwasi Anyamesem– Member
- Stephen Kporzih – Member
- Dr. Sa-ad Iddrisu – Member
- Immaculate Kawe Kanlisi – Member
- John Alexander Ackon – Member
Addressing the new board, the Minister underscored their duty to safeguard public funds and ensure that CBG fulfills its mandate as a vital national financial institution.
He warned against the culture of excessive salaries and inflated board allowances that has plagued some State-Owned Enterprises (SOEs), stressing that such practices will not be tolerated under the current administration.
The Minister congratulated the new board and expressed confidence in their ability to restore confidence in CBG and drive it toward a sustainable and impactful future.
