NIB Managing Director Pays Courtesy Call on Finance Minister to Discuss Strategic Initiatives

In a recent engagement aimed at strengthening the financial foundation and operational efficiency of the National Investment Bank PLC (NIB), the Managing Director, Chief Dr. Doliwura Zakaria, paid a courtesy visit to the Minister of Finance, Hon. Cassiel Ato Forson. The meeting focused on pivotal topics essential to NIB’s growth and contribution to Ghana’s economic development.

Recapitalization of NIB

A primary agenda item was the full capitalization of NIB. The Finance Minister reiterated the government’s commitment, as outlined in the 2025 Budget Statement, to ensure NIB’s full recapitalization. He detailed that the recapitalization strategy would involve a combination of cash and bonds, with GHS450 million in cash earmarked to be shared between NIB and the Agricultural Development Bank (ADB). This initiative aligns with the government’s broader plan to bolster the financial stability of key state-owned banks. 

Operational Enhancements

Chief Dr. Zakaria discussed strategic operational matters, including the proposed relocation of NIB’s Head Office to Cedi House. This move is anticipated to enhance accessibility and reflect NIB’s commitment to modernization and improved customer service. The relocation aligns with previous efforts to position the bank strategically within Accra’s business districts. 

Expansion of Services

Emphasizing NIB’s dedication to supporting government initiatives, Chief Dr. Zakaria announced plans to establish an ultramodern branch at the Driver and Vehicle Licensing Authority (DVLA) office in Adenta. This branch aims to serve both the local community and DVLA customers, facilitating seamless financial transactions and supporting the 24-hour government agenda.

Commitment to Transformation

Expressing gratitude, Chief Dr. Zakaria assured the Finance Minister of his resolve to transform NIB into a robust financial institution. He emphasized that with the government’s support, NIB is poised to enhance its services, contribute significantly to national development, and meet the evolving needs of its clientele.

This meeting underscores the collaborative efforts between NIB and the Ministry of Finance to strengthen Ghana’s banking sector and drive economic growth.