NIB Deputy Managing Director Tweneboa Kodua Fokuo Promoted To Managing Director At NIB

NIB Deputy Managing Director Tweneboa Kodua Fokuo Promoted To Managing Director At NIB

Mr. Tweneboa Kodua Fokuo has been promoted from Deputy Managing Director to Managing Director at National Investment Bank (NIB).

Samuel Sarpong has been replaced as the Managing Director of the National Investment Bank (NIB) by Mr. Tweneboa Kodua Fokuo.

Mr. Fokuo is taking over at a time when the bank is scheduled to obtain its capitalization, having worked for the bank since 2019.

As the person in charge of operations and risk management, Mr. Fokuo has played a significant role in the NIB’s turnaround.

In 2019, when he started working for the bank, NIB was still in the process of transforming itself and required to fully deploy an Enterprise Risk Model (ERM).

Best governance standards have been implemented and the ERM Model has been significantly executed at the NIB under his direction.

This has produced the regulated atmosphere needed for sound banking. Once more, Mr. Fokuo’s expertise has redesigned NIB processes to guarantee resiliency and the use of uniform standards for efficiency and rigor.

Because of this, everyone has expressed excitement about Mr. Fokuo’s nomination as Managing Director, particularly the bank’s employees, who believe he would steer the institution in a new and improved direction.

About Tweneboa Fokuo

He is a highly experienced Banker with a strong grasp of Risk Management, covering a broad spectrum of Commercial, Corporate and Investment Banking as well as Country Risk Management.

Mr. Fokuo has had a rich banking career having worked with Barclays Bank, Ghana since 2008. At Barclays, he played various roles in the Risk Management fraternity and rose steadily to the position of Assistant Vice President.

He also served as the Country Risk Champion for Barclays Ghana, reporting to the Group’s Country Risk Teams in London and Johannesburg. He left Barclays Bank, Ghana in January 2016, and joined First National Bank Ghana Ltd; a subsidiary of FirstRand Bank of South Africa as Head of Credit Risk.

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