Finance Minister, Dr. Cassiel Ato Forson has urged Ghanaians to transact business with the National Investment Bank (NIB), stating that the bank has been recpaitalized.
Presenting the mid-year budget review in Parliament on Thursday, July 24, 2025, the Minister said government has taken fiscal steps to restructure the bank with a total paid-up capital of GH¢3.4 billion and a capital adequacy ratio of 23%.
He assured Ghanaians and depositors that the National Investment Bank is now prime for business.
“More importantly, Mr. Speaker: NIB is back! NIB is now liquid! NIB is now safe! NIB is now fully capitalized! We, therefore, encourage all and sundry to do business with the revitalized National Investment Bank.”
The Minister said President Mahama’s government has taken a number of steps to preserve funds belonging to depositors of NIB valued at GHC6.4 billion with over 900 direct jobs saved.
According to him, the previous NPP administration left the NIB in dire state with a capital adequacy ratio of negative 53.31% by end of June 2024 after spending a whooping GHC30.3 billion for the financial sector clean-up exercise.
“Mr. Speaker, President Mahama and the NDC have successfully recapitalized the NIB by implementing an ambitious and credible plan to return NIB to profitability and sustainability,” he noted.
Read also: National Investment Bank: We’ve preserved depositor’s fund valued at GHC6.4bn – Ato Forson
Interventions by government to recapitalise NIB
The Minister noted that a total cash of GHC450 million has been injected into the bank while a remarketable bonds with face value of GHC1.5 billion has also been issued to the National Investment Bank.
A GHC500million of Ghana shares in Nestle Ghana Limited has been transferred to the NIB.
“These transfers have significantly increased the Capital adequacy ratio from negative 53.13% at the end of December 2024 to a positive 23% in May 2025,” Ato Forson added.
“Mr. Speaker, we have preserved an indigenous Ghanaian bank,” he stressed.
According to the Minister, the NDC government unlike the previous NPP government “chose to spend to save a bank than spend to collapse a bank.”
Future plans to sustain NIB
Dr. Ato Forson noted that a forward-looking overarching restructuring plan has been prepared for the National Investment Bank to put the bank on a sustainable path of profitability.
The plan, he said also aims to enhance board independence and objectivity, strengthen risk management, promote accountability and transparency, prevent insider dominance and improve strategic decision-making.
“Speaker, this plan will, among others: strengthen corporate governance framework and systems; improve enterprise risk management and controls; establish a modern business model; revamp operational strategy; improve financial performance; institute enhanced supervisory measures; and eventually list NIB on the Ghana Stock Exchange,” he remarked.
