The National Investment Bank (NIB) has announced the appointment of Tweneboa Kodua Fokuo as its new Managing Director, effective from May 13, 2024.

He succeeds Mr. Samuel Sarpong, who has been at the forefront of the bank's leadership since 2019.

An internal memo to the bank's staff revealed that Mr. Fokuo's appointment was made by the majority shareholder, citing his vast experience as a key factor for his selection to steer the bank towards a prosperous future.

In the same vein, Philip Ofori-Asante has been appointed as the Deputy Managing Director. His extensive banking knowledge is expected to be a valuable asset to the team.

Meanwhile, the bank's ongoing restructuring and transformation initiatives are set to continue under the new leadership of Mr. Fokuo.

Profile of Tweneboa Kodua Fokuo

Tweneboa Kodua Fokuo is a seasoned banker with a comprehensive understanding of Risk Management across various sectors, including Commercial, Corporate, and Investment Banking, as well as Country Risk Management.

His illustrious banking career began at Barclays Bank, Ghana in 2008, where he ascended through the ranks, ultimately serving as Assistant Vice President. His role as Country Risk Champion for Barclays Ghana involved liaising with the Group’s Country Risk Teams in London and Johannesburg.

In January 2016, he transitioned to First National Bank Ghana Ltd, a subsidiary of FirstRand Bank of South Africa, as the Head of Credit Risk.

SA