The Minister of Finance, Dr Cassiel Ato Forson, has disclosed that there are plans to eventually list the National Investment Bank (NIB) on the Ghana Stock Exchange.
The Minister of Finance, Dr Cassiel Ato Forson, has disclosed that there are plans to eventually list the National Investment Bank (NIB) on the Ghana Stock Exchange.
During the presentation of the 2025 Mid-Year Budget Review, he explained that the government has already taken major steps to strengthen NIB.
These include injecting GH¢450 million in cash, issuing bonds worth GH¢1.5 billion, and handing over GH¢500 million worth of government shares in Nestlé Ghana to the bank.
“We have preserved depositor’s funds valued at GH¢6.4 billion. We have saved over 900 direct jobs at the National Investment Bank. We have preserved an indigenous Ghanaian bank,” he said.
He said these efforts have turned the bank’s finance around, with its Capital Adequacy Ratio improving from a negative 53.13% at the end of 2024 to a positive 23% by May 2025.
This means that in the future, Ghanaians will be able to buy shares in the bank through the stock market.
He said the government has protected GH¢6.4 billion in depositor funds and saved over 900 jobs at the National Investment Bank (NIB), helping to keep the Ghanaian-owned bank running.
He explained that a new plan has been developed to help the bank become profitable and stable in the long term.
This plan is designed to make the bank’s board more independent, strengthen its systems for managing risk, ensure greater transparency, and reduce the chance of the bank being controlled by insiders.
It also aims to support better decision-making at the top.
Additionally, the plan will improve the bank’s management and control systems, introduce a modern way of doing business, update its operations, boost its financial performance, and put in place stronger oversight.
