CBG board must protect taxpayers’ money – Finance Minister cautions

Finance Minister Dr Cassiel Ato Forson has charged the newly appointed Board of Directors of Consolidated Bank Ghana Limited (CBG) with the crucial task of ensuring prudent management of public funds.

Addressing the board during their swearing-in ceremony, he emphasised the need for responsible stewardship of the bank’s resources.

“As you assume stewardship over a vital national asset, I task you with the crucial responsibility of safeguarding taxpayers’ money,” he stated.

The minister underscored the strategic role CBG plays in Ghana’s financial stability and urged the board to act with diligence and transparency.

Still on inaugurations, I extend my warm congratulations to the newly sworn-in Board of Directors of Consolidated Bank Ghana Limited (CBG).

At the ceremony, I reminded the board that government spent close to GH₵30 billion to purportedly safeguard the sector, and CBG stands as… pic.twitter.com/tbZglbPDmJ

— Cassiel Ato Forson (PhD) (@Cassielforson) July 9, 2025

CBG was created in the wake of Ghana’s banking sector reforms, and the Finance Minister noted that its performance going forward must justify the state’s investment.

He further hinted that recapitalisation efforts in 2026 will be directly tied to how effectively the board manages its mandate.

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