The opposition in Parliament has criticized the government’s handling of the National Investment Bank (NIB), accusing them of using the bank to favor New Patriotic Party members.
Speaking at a press briefing in Parliament on May 15, 2025, Minority Leader, Dr. Cassiel Ato Forson raised concerns about the situation.
“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,” he said.
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The minority leader went on to cite the appointment of Tweneboa Kodua as an example of wrong political influence and nepotic act.
“The concern stems from the recent appointment of Tweneboa Kodua Fokuo, the New Patriotic Party’s (NPP) parliamentary candidate for Manso Nkwanta, as the Managing Director of the National Investment Bank (NIB), a move that raises questions about political influence and favoritism,” he added.
The appointment of Tweneboa Kodua Fokuo, the NPP’s parliamentary candidate for Manso Nkwanta, as the NIB’s Managing Director has sparked concerns about the government’s motives and potential political interference in the bank’s operations.
“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,” Mr. Ato Forson said.
The situation is further complicated by the fact that the bank’s Deputy Managing Director, who was also a politically active individual, had previously contested the Fomena parliamentary seat, raising concerns about the politicization of the bank’s leadership and potential bias in its operations.
“The deputy of the same politically exposed person who is now the MD of the NIB is also another politically exposed person,” he stated.
Mr. Fokuo on the other hand stressed on his competence and multitasking skills as he has never used office hours for political party engagements.
