The Finance Minister, Ken Ofori-Atta, has hinted of a possible merger between National Investment Bank (NIB) and the Agricultural Development Bank (ADB) to form the National Development Bank announced in the 2018 budget.

Speaking at a post-budget forum on Wednesday, he indicated that a merger of the two banks could help create a development-oriented bank that will subsequently finance the government's vision of transforming the economy.

"We could also look at a possible merger between the NIB and ADB into the National Development Bank to actually finance development through agriculture and industry," he said at the PwC Post Budget Forum in Accra.

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The government currently has an agenda to create a 'Ghana Beyond Aid,’ and the Minister believes that the successful establishment of the new bank would enable the government to achieve that agenda.

Ken Ofori-Atta also noted that in a bid to transform the economy, the government was also looking at setting up about "four to five big local banks."