According to Accra-based Citi FM, a letter signed by the Chairman of the Board of Directors, Mr Opoku-Gyamfi Boateng indicated that the appointment takes effect from June 1, 2017.

Dr Duffuor II succeeds Mr Felix Nyarko-Pong who ends his tenure on June 1, 2017.

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Mr Nyarko-Pong has been the MD since 2011.

Before his appointment, Dr. Duffour II was the Chief Operating Officer of the bank.

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In his role as an Executive Director and Chief Operating Officer, Dr Duffuor II assisted the MD in leading the Management team.

He has also played a key role in helping the bank to attain its current enviable position within the banking fraternity.

His appointment is subject to the approval of the Bank of Ghana.