DBG to Get New CEO Today; Board to be Constituted by End-October
Development Bank Ghana (DBG) is set for a major governance overhaul, with a new Chief Executive Officer (CEO) to be formally appointed today, September 29, 2025, following a competitive selection process.
According to Finance Minister Dr Cassiel Ato Forson, the reconstitution of the Bank’s Board will also be completed by the end of October.
Dr Forson made the disclosure during a high-level meeting with DBG’s key development partners — the World Bank, the African Development Bank (AfDB), Germany’s KfW, and the European Investment Bank (EIB) — convened to deliberate on the Deloitte Audit Report on DBG and chart a path forward for the institution.
“We reached a clear consensus, and decisive action is required. The Audit Report will be handed over to the Attorney General for the necessary legal steps,” the Minister stated.
“The past is behind us, and a new dawn has begun for DBG. The Bank is finalising its Corporate and Action Plans to build a stronger, more sustainable future,” he added.
Dr Forson further cautioned that accountability will be enforced, stressing that “those who contributed to weakening the institution (DBG) will be held responsible.”
President John Mahama, he added, remains committed to ensuring that DBG fulfils its mandate of catalysing private sector growth and supporting Ghana’s broader transformation agenda.
Meanwhile, DBG’s Interim Board Chair, Albert Essien, has reassured stakeholders of the Bank’s renewed focus on transparency, accountability, and prudent governance as it prepares to implement reforms arising from the audit process.
