Finance Minister Dr. Cassiel Ato Forson has cautioned the newly inaugurated Board of Directors of Consolidated Bank Ghana Limited (CBG) to prioritize fiscal responsibility and accountability as they take charge of one of the country’s key financial institutions.
Sharing the update on his Facebook page, Dr. Forson said, “I extend my warm congratulations to the newly sworn-in Board of Directors of Consolidated Bank Ghana Limited.”
He took the opportunity to remind the board of the financial burden the state undertook to sustain the banking sector in the past.
“At the ceremony, I reminded the board that government spent close to GH₵30 billion to purportedly safeguard the sector, and CBG stands as a reminder of that development,” the Finance Minister stated.
Dr. Forson also assured the board of the government’s continued support, noting, “I assured the board of government’s firm commitment to capitalize CBG in the coming year.”
However, he was quick to add that this support must come with responsible leadership.
“I tasked them with the crucial responsibility of safeguarding taxpayers’ money, as they assume stewardship over a vital national asset,” he said.
He further warned against financial indiscipline within state institutions.
“I also made it clear that the era of excessive salaries and bloated board allowances in State-Owned Enterprises (SOEs) will not be entertained under our administration,” Dr. Forson emphasized.
The new CBG board is chaired by Mr. Ernest Mawuli Agbesi, with Dr. Naomi Wolali Kwetey serving as Managing Director.
Other members include Ms. Irene Ackuaku, Mr. David Adom, Mr. Michael Kwasi Anyamesem, Mr. Stephen Kporzih, Dr. Sa-ad Iddrisu, Mrs. Immaculate Kawe Kanlisi, and Mr. John Alexander Ackon.
