The Minister said 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.
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.
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."