The Minority in Parliament has raised apprehensions regarding the government’s handling of the National Investment Bank (NIB), alleging that it has become predominantly a platform for members of the New Patriotic Party (NPP).
Their worry stems from the recent appointment of Tweneboa Kodua Fokuo, previously the NPP’s Parliamentary Candidate for Manso Nkwanta, as the Managing Director of NIB.
Adding to their unease, the caucus contends that the situation is exacerbated by the appointment of a politically active individual, who had previously contested for the Fomena Member of Parliament seat, as the bank’s Deputy Managing Director.
Addressing journalists in Accra on Wednesday, Minority Leader Dr. Cassiel Ato Forson expressed reservations about these developments, highlighting potential implications for the bank’s operations and impartiality.
“President Akufo-Addo is destroying the governance of our country. In the sense that even banks, a typical example like the NIB has been turned into a hub where they harbour foot soldiers of the party. You have a bank that is struggling, a bank that is almost collapsed, a bank that we know that the governance structure regime is extremely poor but we all want to nurture the bank because obviously it is a state bank.
“This president in spite of all the problems of the NIB has decided to appoint a PC, someone who is going to contest the election in six months as the MD of the state bank, NIB. And I am surprised at the governor, Governor Addison the printer also had the temerity to approve such a person to become the MD of the NIB.”
“The deputy of the same politically exposed person who is now the MD of the NIB is also another politically exposed person,” he stated.
However, Tweneboah Kodua Fokuo has assured that he is proficient in time management and can effectively balance both roles. He emphasized that there would be no conflicts between them.
The newly appointed Managing Director, formerly the Deputy MD of the bank, is also the parliamentary candidate for Manso Nkwanta in the Ashanti Region under the ruling New Patriotic Party (NPP).