NIB engages BoG on strategic initiatives to drive growth and operational efficiency

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The Managing Director of National Investment Bank PLC (NIB), Dr. Doliwura Zakaria, has led a high-level delegation to engage the Governor of the Bank of Ghana (BoG), Dr. Johnson Pandit Asiama, in a strategic meeting aimed at strengthening collaboration and addressing key issues around governance, operations, technology, and growth.

The meeting, held in Accra, also saw the participation of the First Deputy Governor, Dr. Zakari Mumuni, and members of the BoG management team.

In his opening remarks, Dr. Zakaria congratulated the Governor and First Deputy Governor on their appointments and expressed confidence in their ability to drive reforms. He acknowledged the dual role of the BoG as both a shareholder and regulator of NIB and recognized the opportunities and challenges this dynamic presents.

Highlighting the bank’s return to profitability, Dr. Zakaria reaffirmed NIB’s commitment to aligning with national development priorities and emphasized the need for continued engagement on budgetary support to ensure successful execution of strategic initiatives.

A key topic on the agenda was the proposed relocation of NIB’s corporate headquarters to Cedi House. The Governor welcomed the proposal and assured that a formal letter regarding the move would be issued soon.

The discussions also covered governance reforms, with the Governor reiterating BoG’s support for the bank’s restructuring and growth efforts. He stressed the importance of profitability and sustainability, especially against the backdrop of Ghana’s negotiations with the International Monetary Fund (IMF).

Dr. Asiama commended NIB’s partnerships with institutional clients, particularly the Ghana Armed Forces, and urged the bank to deepen engagements with such stakeholders. He also encouraged NIB to expand its reach in underserved areas, proposing the opening of an agency in Damongo or Bole in the Savannah Region to enhance financial inclusion.

Other action points from the meeting included BoG’s continued hosting of NIB’s disaster recovery site in Kumasi and consideration of a waiver for associated fees.

The Governor emphasized the need to improve staff welfare as the bank strengthens its balance sheet, and to recognize the loyalty of long-standing customers. He called for measures to reward staff who remained committed during difficult times.

The meeting underscored a shared vision between NIB and BoG to reposition the bank as a credible financial institution capable of supporting Ghana’s industrial and economic transformation.

Chief Dr. Zakaria expressed deep appreciation for the Governor’s support and reaffirmed NIB’s readiness to collaborate with the central bank to implement reforms that will deliver lasting impact for the bank and the country.

He expressed optimism that NIB will serve as a key catalyst in Ghana’s journey toward industrialization and economic growth.