By: Ashiadey Dotse
Ghana’s Finance Minister, Dr. Cassiel Ato Baah Forson, says the government and its development partners have agreed to take decisive steps to strengthen the Development Bank Ghana (DBG) following concerns raised in a recent Deloitte Audit Report.
Dr. Forson disclosed that he met with the World Bank, the African Development Bank (AfDB), Germany’s KfW, and the European Investment Bank (EIB) to discuss the findings and the way forward for the institution on Friday, September 26, 2025.
According to him, the Audit Report will be handed over to the Attorney General for the necessary legal action. He stressed that “the past is behind us, and a new dawn has begun for DBG,” adding that accountability remains non-negotiable and persons who contributed to weakening the bank will be held responsible.
The minister revealed that the bank is finalising its Corporate and Action Plans to ensure a stronger and more sustainable future. He also assured that by Monday, a competitively selected Chief Executive Officer will be appointed, while the process to constitute a new Board will be completed by the end of October.
DBG’s Interim Board Chair, Albert Essien, also pledged the bank’s commitment to transparency, accountability, and prudent governance. Development partners at the meeting welcomed the measures being taken.
Dr. Forson noted that President John Mahama is determined to ensure that the Development Bank Ghana fulfils its mandate of driving the country’s economic transformation agenda.
