On 25th March 2025, the State Interests and Governance Authority (SIGA) held separate strategic engagement meetings with the management teams of Consolidated Bank Ghana (CBG) and the National Investment Bank (NIB), as part of its ongoing efforts to support the transformation of state-owned financial institutions into sustainable and profitable entities.
The sessions, led by SIGA’s Director-General, Professor Michael Kpessa-Whyte, were convened to review and align with each bank’s strategic direction for the medium to long term. Discussions focused on identifying actionable pathways to enhance operational efficiency, improve financial performance, and ensure long-term sustainability. Each institution provided insights into their current challenges, emerging opportunities, and planned interventions aimed at strengthening their roles within Ghana’s financial ecosystem.
In his remarks, Professor Kpessa-Whyte reiterated SIGA’s commitment to partnering with state-owned enterprises to deliver measurable results that contribute meaningfully to national development. He emphasized the need for strategic collaboration, prudent management practices, and a performance-driven culture across all state-owned entities, particularly those operating within the financial sector.
The meetings with CBG and NIB underscore SIGA’s proactive approach to stakeholder engagement and its strategic oversight role in revitalizing public enterprises. Through such interactions, SIGA aims to foster the transformation of state-owned banks into financially sound and development-oriented institutions capable of supporting Ghana’s broader economic agenda.
