The National Investment Bank (NIB) has appointed Tweneboa Kodua Fokuo as its new Managing Director, effective from Monday, May 13, 2024, succeeding Mr. Samuel Sarpong, who has led the bank since 2019.
An internal memo to the bank’s staff revealed that Mr. Fokuo’s appointment was made by the majority shareholder, citing his extensive experience as a key factor in his selection to guide the bank towards a prosperous future.
Philip Ofori-Asante has been appointed as the Deputy Managing Director.
Under Mr. Fokuo’s leadership, the bank’s ongoing restructuring and transformation initiatives are set to continue.
Tweneboa Kodua Fokuo is a seasoned banker with a comprehensive understanding of Risk Management across various sectors, including commercial, corporate, and investment banking, as well as country risk management.
He began his banking career at Barclays Bank, Ghana in 2008, where he rose through the ranks, ultimately serving as Assistant Vice President.
As Barclays Ghana’s Country Risk Champion, he collaborated with the Group’s Country Risk Teams in London and Johannesburg.
In January 2016, he joined First National Bank Ghana Ltd, a subsidiary of FirstRand Bank of South Africa, as the Head of Credit Risk.