The Managing Director of GCB Bank Limited Ernest Mawuli Agbesi has resigned mynewsgh.com has gathered.

Sources close to the bank indicate that his resignation takes immediate effect after a meeting with government representatives and authorities of the bank earlier this week.

It is not clear what has triggered his sudden resignation when he has up to June 2018 for his contract with the bank to elapse.

The Board of GCB Bank in June 2016 appointed him as Managing Director of the largest state-owned bank, GCB Bank Ltd

Prior to his appointment, he was MD of the state-owned National Investment Bank (NIB) and credited with turning around the fortunes of NIB which was on a downward spiral, making the bank a profitable entity now.

The experienced banker is known in banking circles as ‘the bulldozer’ who personally lobbies for business.

Background

Mr. Ernest Mawuli Agbesi’s entire working life has been in the banking and finance area.

With an MBA, P.GD and a Diploma in Accounting, he started work with the then Ghana Co-operative Bank in 1985, rising through the ranks to become Deputy Manager in 2000.

The then International Commercial Bank, now First Bank of Nigeria (FBN-Ghana) was his next station after leaving the Co-operative bank in 2000.

He left ICB in 2006 as Divisional Head in charge of Sales & Business Development, Estates and General Services and Retail Banking.

He again joined another private bank, Unibank in January 2008 as Head of Sales & Business Development and later as Head of Banking Operations.

He remained in this position until March 2014 when he was appointed the MD of NIB.