Minority in Parliament has raised concerns about the government’s management of the National Investment Bank (NIB), alleging that it has turned into a platform primarily for members of the New Patriotic Party (NPP).
Their apprehension arises from the recent appointment of Tweneboa Kodua Fokuo, the current NPP parliamentary candidate for Manso Nkwanta, as the Managing Director of the NIB.
Adding to their worries, the caucus pointed out 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, the Minority Leader, Dr. Cassiel Ato Forson, expressed reservations about such developments, emphasizing the 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.
Tweneboah Kodua Fokuo has assured that he is capable of effectively managing both roles without conflict.
As the newly appointed Managing Director of the National Investment Bank (NIB) and the governing New Patriotic Party (NPP) parliamentary candidate for Manso Nkwanta in the Ashanti Region, Fokuo emphasized his ability to balance responsibilities.
Having previously served as the Deputy MD of the bank, he expressed confidence in his time management skills and affirmed that neither role would hinder his performance in the other.