We’ve Spent to Save NIB, Unlike Previous NPP Government

The Minister for Finance, Cassiel Ato Forson, says the Mahama administration has taken a prudent decision to recapitalise and put the National Investment Bank (NIB) back on its feet.

Delivering the Mid-year budget on July 24, 2025, he said the Akufo-Addo government crippled the bank with its Ghc30.3 billion financial sector cleanup.

The exercise, he said, pushed the capital adequacy ratio of the bank to -53.13% by the end of June 2024.

As a remedy, he said the current government had successfully recapitalised the NIB by implementing an “ambitious and credible plan” to return NIB to profitability and sustainability.

He said the government had injected ¢450 million; issued re-marketable bonds with the face value of ¢1.5 billion to the bank; and transferred 500 million government of Ghana shares in the Nestle Ghana Limited to the NIB.
“These transfers have significantly improved the capital adequacy ratio from -53.13% in December 2024 to 23% in May 2025… NIB now has a total paid-up capital of ¢3.4billion and a capital adequacy ratio of 23%.”

“By taking these major steps, we have preserved depositors’ funds valued at ¢6.4 billion. We have also saved over 900 direct jobs at the NIB. We have preserved an indigenous Ghanaian company. Unlike the previous administration, we chose to spend to save the bank rather than spend to collapse the bank.”

In addition to this, he said the government had prepared a forward-looking, over-arching restructuring plan for the NIB to put the bank on a sustainable path for profitability.

“The plan also aims to enhance Board independence, objectivity, strengthen risk management, promote accountability and transparency, prevent insider dominance and impose strategic decision-making.”

Source: https://opemsuo.com/author/hajara-fuseini/