Government has recapitalized the National Investment Bank (NIB) with an estimated GH¢1.4 billion, as part of efforts to place the bank on a stronger financial footing and support its long-term operational sustainability.
Sources indicate that the recapitalization package includes both direct cash injection and government-backed instruments such as bonds. The intervention is aimed at stabilizing the bank and equipping it to expand its services, particularly in supporting industrial and strategic sectors of the economy.
The NIB was among a group of financial institutions recently flagged as needing additional support to continue operations effectively and meet regulatory requirements. The bank had faced capital adequacy challenges in recent years, prompting calls for urgent government action.
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While the move has been largely welcomed, there is currently no official confirmation on whether similar financial support will be extended to other state-linked banks or institutions that are also in need of recapitalization.
The recapitalization of NIB is seen as a strategic policy step, not only to restore confidence in the institution but also to position it as a key player in financing Ghana’s industrial and infrastructure transformation agenda, in line with ongoing economic reforms under the IMF-supported program.
Analysts say the recapitalization, if followed by robust governance and operational reforms at NIB, could help the bank return to profitability and fulfill its mandate as a development-oriented financial institution.
The move also aligns with broader efforts to ensure financial sector stability and boost credit availability to productive sectors of the economy.