A banking consultant, Dr. Richmond Atuahene, has described as baseless calls for the removal of Tweneboah Kodua Fokuo as Managing Director (MD) of the National Investment Bank (NIB).
Dr. Richmond Atuahene said yesterday that once the MD had met all the criteria set to head a bank, the call for his removal is not justified.
Mr. Fokuo, the risk expert with over 15years in Bank Risk Management, until his current appointment was the Deputy Managing Director of National Investment Bank Ghana PLC (NIB); having joined the Bank since 2019.
At NIB, he has been instrumental in the turn-around journey of the bank and has been specifically in-charge of the Risk Management and Operations of the Bank.
Joining NIB in 2019 was timely as the bank needed the full implementation of its Enterprise Risk Model (ERM) to kickstart its transformational journey. Execution of the ERM Model and the introduction of best practice in governance have created the necessary controlled environment required for sound banking.
Again, Mr. Fokuo has revamped the Bank’s Operations to ensure resilience and application of standard guidelines across the bank for rigour and efficiency.
Prior to joining the National Investment Bank, Mr. Fokuo was appointed as the Head of Credit Risk of First National Bank; a subsidiary of FirstRand Bank Group of South Africa.
Between 2008 and 2016, Mr. Fokuo worked with Barclays Bank Ghana (now ABSA) where he rose through the ranks becoming a Senior Risk Control Manager and Country Risk Champion.
Mr. Fokuo is the current Board Chairman of Nexans Ghana Limited, and a Board member at State Housing Company Limited.
He holds a BSc. Degree in Natural Resources Management from the Kwame Nkrumah University of Science and Technology (KNUST); an MBA in Finance from the University of Wales, UK; and an Advanced Commercial Risk Certificate from the IFS School of Finance, UK.
Recall that the NDC Minority have given government up to Friday to revoke the appointment of Mr. Fokuo who is also the NPPs Parliamentary Candidate for Manso Nlwanta in the Ashanti Region because his parliamentary bid would disrupt him from taking his appointment seriously and doing his work.
The Minority insist a person with divided attention cannot be appointed to head a struggling bank.
