By Ashiadey Dotse
The Minister of Finance, Dr. Cassiel Ato Baah Forson, has announced that the National Investment Bank (NIB) has been successfully recapitalized with a total of GH₵3.4 billion, bringing the bank’s capital adequacy ratio from a negative 53.13% in 2024 to a strong 23% by May 2025.
Speaking during the Mid-Year Budget Review in Parliament on Wednesday July 24, 2025, Dr. Forson said the recapitalization is part of a broader plan by the government, under President John Mahama’s administration, to restore confidence in the financial sector and return NIB to profitability and sustainability.
He explained that the New Patriotic Party (NPP), government left NIB in a severely distressed state, despite spending GH₵33 billion on a financial sector clean-up.
He stated that as part of the NDC administration’s effort to revive the bank, government has injected GH₵450 million in cash, issued GH₵1.5 billion worth of bonds, and transferred GH₵500 million worth of government shares in Nestlé Ghana Limited to NIB.
“These measures have not only stabilized the bank but also preserved GH₵6.4 billion in depositor funds and saved over 900 direct jobs,” Dr. Forson stated.
He emphasized that NIB, a key indigenous financial institution, is now fully capitalized, liquid, and safe. “NIB is back. We chose to spend to save a bank, not to collapse one,” the Minister said.
Dr. Forson also announced that a new restructuring plan is being rolled out to strengthen corporate governance, enhance risk management, and improve strategic decision-making at the bank. The plan also includes preparations to eventually list NIB on the Ghana Stock Exchange.
The Minister assured Ghanaians that NIB is now ready for business and encouraged individuals and businesses to confidently engage with the revitalized bank.
