The Minority in Parliament has demanded the reversal of the appointment of Tweneboa Kodua Fokuo, NPP Parliamentary Candidate for Manso Nkwanta, as the new Managing Director for the National Investment Bank (NIB).
According to the Minority, the politicization of State-Owned Enterprises undermines public trust in the government’s ability to manage national resources effectively, It said such acts reflect a lack of integrity and commitment from the government and the Bank of Ghana to resuscitate the ailing bank.
“We urge the President Akufo Addo/Dr Bawumia government to reconsider this appointment and prioritise the integrity and business sustainability of the National Investment Bank. The appointment of a Parliamentary Candidate to a key banking position like this undermines public trust and confidence in the government’s ability to manage our national resources effectively.”
The Minority said, Tweneboa Kodua’s appointment should be reversed immediately and a transparent selection process be utilized to recruit the right person to lead the bank.
“We demand the reversal of this appointment and a more transparent and impartial selection process that prioritises merit, competence and meritocracy over political affiliation.”
Speaking on the matter, Dr. Kwabena Donkor, a Ranking Member of the Committee on Employment, Social Welfare and State-Owned Enterprises said “The National Investment Bank is distressed and on life support.”
He said, “It is in dire need of a management team with the requisite skills and competencies to engineer and manage a recovery programme of a medium-term nature.”