44:
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In July 2023, the bank underwent a comprehensive review to evaluate its sustainability as a state-owned financial institution. Dr. Ernest
Addison highlighted that the bank, along with several other financial institutions, grappled with the challenge of being under-capitalized. This issue was part of
293:
The
Government of Ghana contemplated a strategic move, suggesting that ADB might assume control of NIB to initiate a restructuring process. This decision arose from NIB's ongoing struggle to achieve profitability, leading to the realization that the government couldn't sustainably fund the bank any
284:
In 2021, the government entrusted NIB Bank with a vital mission: to establish Ghana as the industrial hub of Africa. Hon Ken Ofori-Atta, in a statement to the NIB, encouraged the bank's Board of
Directors to put in the effort needed to transform the bank into a profitable national asset. It's worth
268:
The GCIDC played a pivotal role in fostering entrepreneurship among the indigenous population, particularly in sectors such as furniture making and baking. This intervention not only supported local businesses but also enhanced the skills of carpenters and bakers by introducing mechanized sawmills
276:
The enactment of the Act provided the framework for the
National Investment Bank (NIB) to embark on joint ventures. This was in response to the financial constraints faced by Ghanaian manufacturers and the private sector in initiating startup ventures. NIB, with its capacity to provide loans and
260:
The origins of the bank's history can be traced back to the aftermath of the Second World War (WWII). During this period, there were agitations among the indigenous population due to the influx of foreign imports. In response to these concerns, a widespread boycott was organized by the local
297:
The decision has faced criticism from the minority group in parliament. They argue that since the
Government already holds a majority stake of over 60% in ADB, the move to have ADB take over NIB raises concerns and questions about the practicality of the decision.
243:
NIB is a medium-sized financial services provider in Ghana. As of
December 2011, the total valuation of the bank's assets was approximately US$ 468.5 million (GHS:878.9 million), with shareholders' equity of approximately US$ 47 million (GHS:88.1 million).
261:
community, led by the
Association of West African Merchants (AWAM). Recognizing the need to address these issues and promote the involvement of private indigenous individuals in the business sector, the colonial administration took significant steps.
269:
and electric bakeries. The GCIDC also modernized laundry activities, which had traditionally been manual. This was particularly significant as it addressed the practice of the Gold Coast intelligentsia, who were sending their suits to the
264:
As a result, the Gold Coast
Industrial Development Corporation (GCIDC) was established in 1952, with allocated budgetary resources to provide financial support to indigenous entrepreneurs for the establishment of their businesses.
240:, the national banking regulator. NIB was form to promote industrialization of all sectors in the country. It has undergone management and financial restructure to help it attain higher financial levels across the world.
655:
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281:, Novotel (now known as the Accra City Hotel), Kabel Metal (now Nexans Kabelmetal), and Aluworks significantly benefited from equity participation and financial support.
704:
277:
equity, initiated over 100 joint enterprises, including some regional development corporations that are no longer operational. Notably, major industries such as
609:
285:
noting that in 2020, the bank received a significant infusion of GHC 800 million to bolster its capital position. However, NIB could not meet its objective.
809:
35:
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1. Retail banking 2. SME banking 3. Corporate banking 4. Digital banking 5. Treasury service and investments 6. International trade and payments.
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The bank mission is to be the best in customer relationship and satisfaction, and also to create the best value for their share holders.
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635:"Ghana's banking sector clean-up has created a more sustainable industry - Africa 2020 - Oxford Business Group"
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730:"Government wants to sell NIB and ADB to cronies - Minority fights proposed merger - MyJoyOnline.com"
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656:"Request For Expressions of Interest - (GH-MOF-FSD-315018-CS-INDV) | Ministry of Finance | Ghana"
585:"BoG, government in talks to assess viability of state-owned National Investment Bank - Governor"
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705:"Minority kicks against handing over NIB to ADB over liquidity challenges"
561:"National Investment Bank Board Inaugurated | Ministry of Finance | Ghana"
21:
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149:
16:
This article is about the bank of Ghana. For the bank of
Ethiopia, see
491:
952:
610:"Banking sector clean-up: The different costs revealed by government"
153:
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As of
September 2017, the bank maintains a network of 52 branches
820:
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536:
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791:
680:"Government considers takeover of NIB by ADB - MyJoyOnline.com"
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the broader financial sector cleanup carried out in 2022.
390:"The Board of Directors At National Investment Bank"
236:. It is one of the commercial banks licensed by the
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184::Aftertax:US$ 4 million (GHS:7.5 million) (2011)
517:SIGA: State Interests and Governance Authority
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196:US$ 468.5+ million (GHS:878.9 million) (2011)
8:
27:
846:
810:
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425:List of Licensed Commercial Banks In Ghana
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26:
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873:Agricultural Development Bank of Ghana
755:"Branches of National Investment Bank"
28:National Investment Bank Ghana Limited
7:
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451:"Ghana: NIB Declares Profit Again"
365:"Ghana: NIB Declares Profit Again"
14:
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1154:Trades Union Congress of Ghana
953:Société Générale Ghana Limited
537:"National Investment Bank Ltd"
1:
963:Standard Chartered Bank Ghana
414:December 2011 Aftertax Profit
1248:1963 establishments in Ghana
878:Bank of Africa Ghana Limited
1066:Water supply and sanitation
948:Republic Bank Ghana Limited
938:OmniBSIC Bank Ghana Limited
80:; 61 years ago
1264:
1149:Ghana Federation of Labour
958:Stanbic Bank Ghana Limited
780:https://www.nib-ghana.com/
513:"National Investment Bank"
475:https://www.nib-ghana.com/
437:"National Investment Bank"
221:, normally abbreviated to
15:
1243:Banks established in 1963
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1001:Savings and Loans Company
928:Guaranty Trust Bank Ghana
918:First National Bank Ghana
868:Access Bank Ghana Limited
832:
41:
32:
1238:Companies based in Accra
933:National Investment Bank
219:National Investment Bank
973:Universal Merchant Bank
943:Prudential Bank Limited
888:Consolidated Bank Ghana
863:Absa Bank Ghana Limited
903:FBN Bank Ghana Limited
324:List of banks in Ghana
18:Nib International Bank
1028:SIC Insurance Company
455:Public Agenda (Accra)
369:Public Agenda (Accra)
279:Nestle Ghana Limited
131:Ag. Board Chairman
20:. For Pakistan, see
1071:Water privatization
913:First Atlantic Bank
908:Fidelity Bank Ghana
734:www.myjoyonline.com
684:www.myjoyonline.com
112:Number of locations
29:
69:Financial services
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978:Zenith Bank Ghana
968:UBA Ghana Limited
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136:Managing Director
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1172:Takoradi Harbour
1023:Enterprise Group
988:Savings and loan
923:GCB Bank Limited
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761:on 2010-07-25
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1141:Trade unions
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763:. Retrieved
759:the original
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738:. Retrieved
736:. 2023-09-28
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713:. Retrieved
711:. 2023-09-28
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686:. 2023-09-05
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660:mofep.gov.gh
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639:. Retrieved
637:. 2020-02-20
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616:. 2022-04-12
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591:. 2023-07-25
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565:mofep.gov.gh
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457:. 2012-05-15
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398:. Retrieved
394:the original
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373:. Retrieved
371:. 2012-05-15
368:
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344:Banks portal
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191:Total assets
166:Credit Cards
93:Headquarters
51:Company type
1094:Agriculture
1056:Electricity
227:state owned
162:Debit Cards
158:Investments
1227:Categories
1111:Healthcare
1082:Industries
834:Currency:
765:2011-02-28
740:2023-09-28
715:2023-09-28
690:2023-09-28
665:2023-09-28
641:2023-09-28
620:2023-09-28
595:2023-09-28
570:2023-09-28
546:2023-10-14
522:2023-10-14
498:2023-10-14
492:"About Us"
461:2017-08-17
400:2012-05-15
375:2017-08-17
351:References
208:.nib-ghana
125:Key people
59:Parastatal
1126:Petroleum
1089:Companies
1049:New media
1015:Insurance
170:Mortgages
709:GhanaWeb
614:GhanaWeb
589:GhanaWeb
318:See also
310:Products
294:longer.
154:Checking
142:Products
118:branches
65:Industry
22:NIB Bank
1131:Tourism
883:CalBank
855:savings
843:Banking
256:History
248:Mission
225:, is a
201:Website
176:Revenue
150:Savings
83: (
75:Founded
1212:topics
1202:
1189:
1121:Mining
851:Retail
1210:Ghana
1164:Ports
1099:Cocoa
234:Ghana
146:Loans
104:Ghana
98:Accra
1104:Salt
210:.com
85:1963
78:1963
232:in
223:NIB
206:www
116:52
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