Finance Minister congratulates new CBG board, reaffirms support for bank recapitalisation

Finance Minister Dr Cassiel Ato Forson has extended his warm congratulations to the newly inaugurated Board of Directors of Consolidated Bank Ghana Limited (CBG), while reaffirming government’s commitment to recapitalise the bank in the coming year.

In a social media post on Wednesday, July 9, Dr Forson said, “I extend my warm congratulations to the newly sworn-in Board of Directors of Consolidated Bank Ghana Limited (CBG).”

He noted that CBG remains a key institution in Ghana’s financial architecture, established in response to the banking sector clean-up undertaken by the state.

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

“Government spent close to GH₵30 billion to purportedly safeguard the sector, and CBG stands as a reminder of that development,” he remarked.

The Finance Minister pledged that government will continue to support the bank’s growth through fresh capital injection as part of efforts to strengthen state-owned financial institutions.

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.

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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