ADB & NIB Boards Inaugurated

Mr. Yaw Osafo-Maafo, Minister of Finance, has urged the newly constituted Boards of Directors of two development banks to improve on their services to narrow the gap between them and banks in the private sector.

2As boards of these institutions, you must rise up to the challenge by identifying what has been the major constraint affecting performance and the way forward". "Some of the improvement would not come from investing in additional equipment or technology but just attitudinal change by staff," he said at the inauguration of the boards of the Agricultural Development Bank (ADB) and the National Investment Bank (NIB) in Accra.

Mr. Osafo- Maafo said with the increased recognition of state-owned banks, boards and management should seriously address the issue of adding value to these institutions to make them attractive for investors.

This will free them from government control and make them benefit from new technologies and skills.

Mr. Osafo- Maafo said for Ghana to remain competitive and attract investors, her institutions should be able to complement the government's efforts at macro economic management through fiscal prudence.