Ghanaian Minister of Finance appointed Chairman EBID Board of Governors

The Board of Governors of the ECOWAS Bank for Investment and Development (EBID) unanimously appointed Honourable Dr. Cassiel Ato Baah Forson, Minister of Finance of the Republic of Ghana, as its new Chairman during the 23rd Ordinary Session held on April 14, 2025, in Banjul, The Gambia. Honourable Dr. Cassiel Ato Baah Forson takes over from the Gambia’s Minister of Finance and Economic Affairs, Honourable Seedy Keita.

It should be noted that the Board of Governors, which is the highest decision-making body of the Bank, is composed of the Ministers of Finance and/or the Ministers of Planning of the fifteen (15) ECOWAS Member States.

Speaking on the appointment of the new Chairman of the Board of Governors, Dr. George Agyekum Donkor, President and Chairman of the Board of Directors of EBID, expressed his confidence in the Honourable Minister’s ability to lead the Bank towards achieving its objectives in terms of strategic growth, efficiency, and regional impact.

The President of EBID also highlighted Dr. Forson’s expertise in macroeconomics, fiscal and tax policy administration, finance, and business management as an experienced Tax Practitioner and Chartered Accountant with over 20 years’ experience in the public and private sectors.

In his remarks, Honourable Thomas Nyarko Ampem, Deputy Minister for Finance of the Republic of Ghana, who represented Honourable Dr Cassiel Ato Baah Forson, reiterated the commitment of the new Chairman of the Board to helping the Bank achieve its objectives.

He emphasised that the new Chair was focused on ensuring that the Bank made progress to build on existing achievements, especially in the areas of resource mobilisation and capital recovery. He also pledged to support the bringing on board of non-regional members and the overall establishment of EBID as the leading Development Finance Institution in West Africa.