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BoG ‘outdoors’ Felix Addo as NIB Advisor

The Bank of Ghana has named the immediate past Country Senior Partner of PricewaterhouseCoopers, Ghana, Mr. Felix E. Addo as Advisor for National Investment Bank (NIB).

The central bank had early announced the appointment of an advisor for the without much detail of who the advisor was.

In a press release issued Friday however, the bank of Ghana details the career, experience and status of Mr Addo and assures depositors and customers of NIB that the bank remains open for business under the control of the bank’s own management, and that customers’ deposits are safe.

The central bank defines Mr. Addo’s role as “to help restructure NIB through governance and management reforms as well as streamlining its business model to help refocus it as a bank to industrialisation. He will stay in the bank until otherwise advised by the Bank of Ghana and will furnish the Bank of Ghana with a status report on the bank as frequently as the Bank of Ghana may require.

“It is important to note that an Advisor does not take over the powers, responsibilities, and duties of the bank’s shareholders, directors, or management. Under Act 930, the Advisor may attend meetings of the Board of Directors without voting at such meetings”, the BoG said.

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