GCB boss appointed President of Ghana Bankers Association

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August 14, 2015 3:03 PM

Mr. Dornoo was appointed in a short ceremony today for a two- year tenure. He takes over from Asare Akuffo, Managing director of HFC Bank.

Managing Director of Ghana Commercial Bank, Simon Dornoo has been appointed president of the Ghana Bankers Association.

Mr. Dornoo was appointed in a short ceremony today for a two- year tenure. He takes over from Mr. Asare Akuffo, Managing director of HFC Bank.

In his acceptance speech, Mr. Dornoo outlined his plans for the next two years as president of the association. He takes over at a time where the banking industry seems very boisterous with more multi-national banks coming into the Ghanaian banking sector. But the sector will also have to contend with current unfavorable conditions hampering the operations of financial institutions in the country.

" Last year was a great year for banks in Ghana. There was improvement in the sector and the outlook looks bright. The next two years will be better." he said.

The new president also touched on some of the difficulties currently confronting the sector like certain Bank of Ghana regulations.

" We still have to contend with current difficulties and surmount them. The Bank of Ghana's regulation restricting withdrawals is a problem. I hope the Bank of Ghana takes a second look at it" Mr. Dornoo said.

He joined GCB from Barclays Bank where he worked in various Senior Management positions from January, 1999 to March, 2010.

He worked locally with Barclays Bank of Ghana as Finance Director and Country Treasurer as well as with Barclays PLC, U.K. being the first African to be appointed as Finance Director for Barclays Africa and the Indian Ocean with oversight responsibility for ten countries.

Simon, 48, began his professional career with KPMG in 1985 where he trained and later worked as an Audit Senior until 1990.

As one of the pioneers of CAL Bank in 1990, he was the first Financial Controller and he subsequently held other senior level positions in the bank until December, 1998.

Simon has served on various Boards mainly in the financial services sector. He is a qualified Chartered Accountant (CA Ghana) and has an MBA degree from Manchester Business School, United Kingdom.

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