EBID: George Agyekum Nana Donkor reappointed as President

Banking

Friday, 28 April 2023 19:57

EBID: George Agyekum Nana Donkor reappointed as President

(Togo First) - Ghanaian George Agyekum Nana Donkor has been reappointed as the President of the ECOWAS Bank for Investment and Development (EBID) for a second five-year term. This decision was taken at the 21st Ordinary Session of the Board of Governors held on 5 April 2023.

He was elected to head this banking institution for the first time in January 2020. He was Vice President in charge of finance, administration, and institutional services for seven years and will begin his new term on February 1, 2024.

According to a statement by the sub-regional banking institution, the reelection of the Ghanaian is attributed to the Bank's progress since he took office. The Board notes the reduction of the Bank's non-performing loans (NPL) ratio from more than 8% to 4.28% and the recovery of USD77.5 million in capital arrears. The balance sheet also grew by 36.8% in 2022.

For the next 5 years, George Donkor "is committed to continuing to work with the Ministers and the Board to move the Bank forward, with the objective of making it the premier financial institution in the region, while supporting member states to ensure socio-economic development," the statement said.

Esaïe Edoh

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