By Mercy Omoike

The ECOWAS Bank for Investment and Development (EBID) has appointed Dr Cassiel Forson, as the new Chairman.

The appointment was made during the bank’s 23rd Ordinary Session held on April 14, in Banjul, The Gambia.

Forson, the current Minister of Finance of the Republic of Ghana, takes over from the Gambia’s Minister of Finance and Economic Affairs, Seedy Keita.

Speaking on the appointment of the new Chairman of the Board of Governors, Dr George Donkor, President and Chairman of the Board of Directors of EBID, expressed his confidence in Forson’s ability to lead the bank towards achieving its objectives in terms of strategic growth, efficiency, and regional impact.

Donkor also highlighted Forson’s expertise in macroeconomics, fiscal and tax policy administration, finance, and business management as an experienced tax practitioner and chartered accountant with over 20 years’ experience in the public and private sectors.

In his remarks, Thomas Ampem, the Deputy Minister for Finance of the Republic of Ghana, who represented Forson, reiterated the commitment of the new Chairman of the Board to helping the Bank achieve its objectives.

Ampem also emphasised that the new Chairman would focus on ensuring that the bank made progress to build on existing achievements, especially in the areas of resource mobilisation and capital recovery.

He also pledged to support the bringing on board of non-regional members and the overall establishment of EBID as the leading Development Finance Institution in West Africa.

EBID is the development finance institution of the Economic Community of West African States comprising 15 Member States.

Based in Lomé, Togolese Republic, the bank is committed to financing developmental projects and programmes covering diverse initiatives from infrastructure and basic amenities, rural development and environment, industry, and social services sectors, through its private and public sector windows. (NAN) (www.nannews.ng)

Edited by Chinyere Joel-Nwokeoma