Savannah and Upper West Regional Ministers Allocate Land for NIB Branches to Boost Economic Growth

In a landmark development aimed at strengthening financial inclusion and economic activity in northern Ghana, the Savannah Minister Regional Minister, Salisu Be-Awuribe and Upper West Regional Minister, Charles Lwanga Puozuing have pledged to allocate prime lands in their respective regions to the National Investment Bank PLC (NIB) for the establishment of new branches. This strategic move is set to enhance banking services, stimulate local economies, and create employment opportunities in their respective regions.

During engagements with the Managing Director of NIB, Chief Dr. Doliwura Zakaria, both Regional Ministers expressed their strong support for the Bank’s expansion into their regions, emphasizing the vast economic potential that exists. They assured NIB of their commitment to facilitating land acquisition for the Bank, underscoring the need for financial institutions to drive commerce, investment, and development in underserved areas.

Expanding Financial Access and Economic Empowerment

Chief Dr. Zakaria welcomed the commitment from the Ministers and reiterated NIB’s dedication to deepening financial accessibility across Ghana. He emphasized that the establishment of branches in the Savannah and Upper West Regions aligns with NIB’s vision of bringing world-class banking services closer to communities, particularly in regions with high economic potential yet limited access to banking infrastructure.

“The presence of NIB in these regions will not only provide banking solutions to individuals and businesses but also open up avenues for trade, industry, and agriculture. More importantly, the expansion will create job opportunities for the youth and contribute to the overall economic transformation of the regions,” Dr. Zakaria noted.

A Catalyst for Regional Development

The Ministers highlighted that improved banking services would accelerate financial transactions for businesses, investors, and government agencies in the two regions. With NIB’s expertise in corporate banking, small and medium-sized enterprise (SME) financing, and infrastructure development, the new branches will serve as catalysts for economic growth.

NIB’s expansion into the Savannah and Upper West Regions is part of the Bank’s broader strategy to establish a stronger footprint across Ghana. By increasing its presence in key regions, NIB aims to solidify its role as a driver of national development, supporting government policies that promote financial inclusion and economic diversification.

The Bank remains committed to working closely with stakeholders to ensure seamless execution of this initiative. With the support of the Regional Ministers and local communities, NIB is set to unlock new economic opportunities and reinforce its mission of financing Ghana’s growth and prosperity.