GENERAL NEWS
Togbe Afede resigns as NIB board chair
The Board Chairman of the National Investment Bank (NIB) has resigned, Starr Business has gathered.
Togbe Afede’s resignation was as a result of internal wrangling at the state-owned bank, sources with knowledge of the development told Starr Business.
He resigned last week, according to the sources after opposing moves by some elements in the governing New Patriotic Party (NPP) to take over NIB through the Ghana Amalgamated Trust.
The NIB board, according to Starr Business sources is being forced to sign some transactions that are not in the best interest of the state-owned bank.
Other members of the board have also resigned.
NIB is part of some five banks benefiting from GH¢2billion support from the Ghana Amalgamated Trust which are solvent and well-run indigenous banks, which were otherwise having difficulties meeting the new minimum capital requirement of GH¢400 million.
Togbe Afede was appointed as board chair of the NIB in 2017 by President Akufo-Addo.
Source: starrfm.com.gh
-
GENERAL NEWS1 week ago
Why 15 police officers stormed Owusu Bempah’s church – Kumchacha narrates
-
GENERAL NEWS1 week ago
How Offinso residents storm destooled queen mother’s house, demand for new chief
-
South Africa News1 week ago
Woman thrown out of a speeding taxi while on her way to work
-
News Africa3 weeks ago
‘Satanically dubious’ – SCOAN releases statement on BBC’s report about TB Joshua, church
-
Entertainment Africa2 weeks ago
This is why Kelly Khumalo’s Stunning Outfit is trending
-
POLITICS4 weeks ago
Watch how Frema Opare reacted when she saw Asamoah Gyan at launch of Bawumia’s manifesto committee
-
GENERAL NEWS1 month ago
Men are afraid to date me – ‘Bearded’ woman cries out
-
POLITICS3 weeks ago
The spiritual directions that made Kufuor become president