In a statement read by Thomas Nyarko Ampem, Deputy Minister for Finance representing, Dr Cassiel Ato Forson, Minister for Finance of the Republic of Ghana at the 23rd Annual Meeting of the Board of Governors of the ECOWAS Bank’s Investment Development held at Sir Dawda K.J.I.C Centre, the incoming chair, said it is with deep honor and humility that he assume the role of chairman of the Board of Governors of the ECOWAS Bank for Investment and Development (EBID).
“I am fully aware of the gravity of this responsibility and make a firm commitment to work collectively towards our common goals and ambitions.”
He extended heartfelt appreciation to his colleagues on the Board for their trust, further expressing gratitude to my fellow Governors for the trust and confidence repose in him and electing him to lead the affairs of the Board for the next one year.
“Your support will undergird our shared dedication to advancing the vision and mission of our Bank.”
The new chairman also lauded the leadership of his predecessor, Hon. Seedy Keita, who steered the Board through a challenging year.
“Through his insightful and steadfast guidance, this Board successfully navigated a year defined by extraordinary economic, geopolitical, and security challenges. His resilience, wisdom, and steadfast commitment have been instrumental to our progress during these trying times. We are privileged to carry forward the strong foundation he has established.”
He further commended the President of the Bank, Dr. George Agyekum Donkor, and his team for their exceptional performance amidst adversity, adding that the accomplishments realized during such a challenging period are truly commendable.
“Your unwavering dedication, innovative approaches, and relentless efforts have not only sustained our institution but have also advanced our pursuit of regional development and integration.” he said.
Looking to the future, the chairman acknowledged the difficulties ahead but emphasized collective perseverance. “It is precisely in these moments of adversity that our determination is put to the test and our true strength is revealed,” he remarked. “I encourage each of you, as dedicated members of this esteemed institution, to remain steadfast and renew your commitment. Though the road may be demanding, the impact and rewards of our collective efforts will be both significant and enduring.”
Reaffirming his dedication to the Bank’s mission, he expressed his resolve to collaborate with all stakeholders, adding that he is fully committed to building upon the strong foundation laid by my predecessors.
“I pledge to work in close collaboration with all Governors and stakeholders to ensure that our Bank stays firmly on course in fulfilling its mandate effectively,” he assured.
The new chairman also outlined four key strategic areas of focus during his tenure namely: enhancing resource mobilization; improving capital recovery efforts; facilitating the onboarding of non-regional members to elevate the Bank’s institutional profile; and positioning EBID as the leading development finance institution in West Africa.
To this end, he said that his term will signals a renewed commitment to strengthening the Bank’s capacity and visibility as a central driver of development and integration in the ECOWAS sub-region.
