Former finance minister of the Republic of Ghana Mrs Mona Quartey has stepped down from being a board member of the GCB Bank.

Her resignation follows the appointment of an accomplished banker Mr Jude Arthur as the Board Chairman of the Bank.

READ ALSO: GCB Bank Ltd boss resigns

This new development came to effect after some changes were made to the composition of the Board.

Meanwhile former CEO of the National Petroleum Authority (NPA), Mr Moses Asaga, has resigned from the Board of Directors of GCB Bank.

READ ALSO: GCB cutting jobs, 270 laid off

Also resigning from the board are former chair Daniel Owiredu and Ms Faustina Nelson.

Mrs Lydia Essah and Mr Raymond Sowah have been appointed as directors of the Bank