Government of Ghana and its key Development Partners have resolved to take decisive steps to restore confidence in the Development Bank Ghana (DBG), following the release of a Deloitte Audit Report into the institution.
Earlier today, the Minister for Finance, Dr. Cassiel Ato Forson, met with representatives of the World Bank, the African Development Bank (AfDB), Germany’s KfW, and the European Investment Bank (EIB) to discuss the findings of the audit and the way forward.
At the meeting, it was agreed that the report would be handed over to the Attorney General for the necessary legal processes.
The finance minister stressed that accountability is non-negotiable, warning that individuals whose actions weakened the institution would be held responsible.
Dr. Forson assured stakeholders that the past is behind the Bank, adding that a “new dawn” has begun for DBG. He revealed that the institution is in the final stages of preparing its Corporate and Action Plans to ensure a stronger and more sustainable future.
President John Mahama, he said, remains committed to ensuring DBG fulfils its mandate of supporting Ghana’s transformation agenda.
As part of the reforms, a competitively selected Chief Executive Officer will be appointed by Monday, while a new Board is expected to be fully constituted by the end of October.
DBG’s Interim Board Chair, Albert Essien, reaffirmed the Bank’s commitment to transparency, accountability, and prudent governance.
Development Partners at the meeting welcomed the reforms and pledged their support.
