Pulse.com.gh logo
Go


Ken Ofori-Atta Finance Minister hints of NIB, ADB merger

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.

  • Published:
play Ken Ofori-Atta

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.

READ ALSO: Vodafone CEO scores Akufo-Addo government 8/10 in economic performance

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."

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Investment banks in Ghana Top 5 investment banks in Ghana and why you...bullet
2 Ponzi schemes in Ghana These investments are Ponzi schemes in Ghana,...bullet
3 Minimum Capital Requirement GN, Premium, Sahel Sahara Bank in merger...bullet
4 Fuel Prices IES predicts fuel prices to go upbullet
5 Salaries In 2018 Here are the dates public workers will be paid...bullet
6 Ghana-Chinese Relationship StarTimes to distribute 300 free TV...bullet
7 BoG Capitalisation Omnibank, Sahel Bank to complete merger...bullet
8 Baker and Mckenzie Menzgold, preparing for litigation,...bullet
9 How to create an NGO in Ghana How to register and start...bullet
10 Forestry Commission Reducing ‘allawa’ from GHS1,200 to...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Plane Crash Starbow suspends operations following plane crashbullet
3 Former Capital Bank staff grills pork for survivalbullet
4 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
5 Money Alert Meet Africa's richest womanbullet
6 Selorm Adadevoh MTN CEO dances Agbadzabullet
7 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
8 Support Finance minister buys Kantanka carbullet
9 Bozoma Saint John 10 quotes from Uber top official,...bullet
10 New Phone Nokia’s MWC 2018 event in 7 minutesbullet

Business

X
Advertisement