Finance Minister Cassiel Ato Forson says the National Investment Bank (NIB) has been recapitalised.
This he says follows a comprehensive intervention by the government under the leadership of President John Mahama and the National Democratic Congress (NDC).
Presenting the mid-year budget review in Parliament on Thursday July 24, Dr Forson said the recapitalisation effort was part of a deliberate strategy to return NIB to profitability and ensure its long-term sustainability.
“We have successfully, President Mahama and the NDC have successfully recapitalised the NIB by implementing an ambitious and credible plan to return NIB to profitability and sustainability,” Dr. Forson stated.
According to the Minister, the government injected GHS450 million in capital into the bank and issued re-marketable bonds with a face value of GHS1.5 billion. In addition, GHS500 million worth of government shares in Nestlé Ghana Limited were transferred to NIB.
“These transfers have significantly improved the capital adequacy ratio from -51.13% at the end of December 2024 to a positive 23% in May 2025,” Dr. Forson explained.
He emphasised that the intervention had protected the savings of thousands of depositors and preserved jobs.
“By taking these major steps, we have preserved depositors’ funds valued at GHS6.4 billion. We have also saved over 900 direct jobs at the NIB. We have preserved an indigenous Ghanaian bank,” he noted.
Taking a jab at the previous administration, the Finance Minister added, “Mr Speaker let me state this, unlike the previous administration we chose to spend to save a bank than spend to collapse a bank.”
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