Finance Minister Dr. Cassiel Ato Forson has revealed that more than 900 direct employment positions at the National Investment Bank (NIB) have been safeguarded thanks to targeted efforts aimed at stabilizing the institution.
Delivering the 2025 Mid-Year Budget Review in Parliament on July 24, 2025, Dr. Forson praised the initiatives undertaken to rejuvenate the struggling government-owned bank. “We have saved 900 direct jobs at NIB through deliberate and timely actions,” he declared, emphasizing the critical need to protect livelihoods while reforming state financial entities.
He characterized the National Investment Bank as “ready for business,” noting that the bank now enjoys a significantly improved financial standing. “NIB is now liquid and fully active,” Dr. Forson affirmed, signaling that the institution has recovered and is well-positioned to support Ghana’s industrial and commercial development.
His comments follow recent restructuring and recapitalization efforts at NIB, which had endured prolonged financial and operational difficulties. Dr. Forson hailed the transformation as a major step forward, particularly in terms of job preservation and restoring trust in public enterprises.
He called for sustained backing and vigilant oversight to ensure NIB remains robust and continues to play a vital role in advancing Ghana’s economic growth strategy.
The announcement has reignited interest in the bank’s potential to finance small and medium-sized businesses (SMEs) and bolster industrial expansion, aligning with the government’s broader economic recovery plan.
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