Home Business NPP parliamentary candidate replies critics over his appointment as NIB boss

NPP parliamentary candidate replies critics over his appointment as NIB boss


Business News of Tuesday, 14 May 2024

Source: www.ghanaweb.com

The newly appointed Managing Director of the National Investment Bank (NIB), Tweneboa Kodua Fokuo, has defended his dual role as a political candidate and head of the struggling state-owned bank.

Fokuo, the New Patriotic Party’s (NPP) parliamentary candidate for the Manso Nkwanta Constituency in the 2024 election, has found himself at the centre of controversy following his recent appointment to lead the NIB.

Opposition voices, particularly from the National Democratic Congress (NDC) and civil society, have raised concerns regarding potential conflicts of interest inherent in this arrangement.

Assuming his role as Managing Director on Monday, May 13, succeeding outgoing MD Samuel Sarpong, Fokuo has remained resolute in the face of criticism.

Despite opposition, he maintains that he is well-equipped to navigate the demands of his political aspirations and professional obligations.

Speaking in an interview on Joy FM on May 13, 2024, Fokuo dismissed concerns raised by various parties as unfounded.

“I have no challenges in managing my time between ensuring the bank is run properly and also doing my duties in my leisure time as a P.C.

“There has not been a time that I have had a challenge in running these duties,” myjoyonline.com quoted him to have said.


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