GH¢2.2bn required to fully capitalise NIB and ADB – Ato Forson

Finance Minister Dr Cassiel Ato Forson has disclosed that the National Investment Bank (NIB) and the Agricultural Development Bank (ADB) require a capital injection of GH¢2.2 billion to ensure their full capitalisation.

He said this in Parliament during the 2025 budget presentation on Tuesday March 11, 2025.

“An amount of GH¢2.2 billion is required to fully capitalize NIB and ADB,” he said.

Dr Forson also highlighted the ongoing challenges faced by the financial sector despite significant investments in the clean-up exercise.

“Mr Speaker, the financial sector still struggles even after spending GH¢30.3 billion in the financial sector clean-up exercise by the end of 2024.

“This includes GH¢26.9 billion spending for the banks, Savings & Loans companies, Financial Houses, Micro-Finance Institutions, and Asset Management companies,” Dr. Forson stated.

He further explained that the sector requires an additional GH¢10.45 billion to address remaining financial sector legacy issues and emerging risks.

“Mr. Speaker, the sector requires GH¢10.45 billion to address the remaining financial sector legacy issues and emerging risks,” he noted.

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ABOUT: Nana Kwesi Coomson

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An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.

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