A distinguished economist, Dr.Sa-ad Iddrisu, known for his significant contributions to economic research and policy formulation has been appointed by President Mahama to the Board of Directors for Consolidated Bank Ghana Limited (CBG).
Dr.Sa-ad Iddrisu brings a diverse range of expertise that is vital for effective governance and strategic decision-making.
This includes financial acumen, with a strong understanding of financial markets, banking operations, and investment strategies to oversee the bank’s financial health.
Furthermore, Dr. Iddrisu, who holds advanced degrees in economics, also brings skills in strategic planning, guiding the bank’s long-term growth and adaptation in a changing market.
The Finance Minister, Dr. Cassiel Ato Forson, who inaugurated the new Board of Directors for CBG reminded the board that the bank stands as a symbol of the state’s intervention, when approximately GH₵30 billion was spent to purportedly salvage and restore confidence in the financial sector.
He affirmed the government’s intention to recapitalize the Consolidated Bank Ghana in the upcoming year.
While committing to the financial injection, Dr. Forson also issued a strong directive to the board, emphasizing their responsibility to protect public funds.
“It is equally important that this board safeguards taxpayers’ money, as you have been entrusted with a crucial national asset,” the Minister charged, underscoring the need for prudent financial management.
Dr. Cassiel Ato Forson, declaring an end to what he termed “the era of excessive salaries and board allowances” within State-Owned Enterprises (SOEs), emphatically stated that such practices will not be tolerated under the current government’s watch.
The newly inaugurated CBG Board consists of Chairperson Mr. Ernest Mawuli Agbesi, Managing Director Dr. Naomi Wolali Kwetey, and Members Ms. Irene Ackuaku, Mr. David Adom, Mr. Michael Kwasi Anyamesem, Mr. Stephen Kporzih, Dr. Sa-ad Iddrisu, Mrs. Immaculate Kawe Kanlisi, and Mr. John Alexander Ackon.