• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    Dr. Efua Asabea Asare CEO of Ghana Export Promotion Authority has disclosed Ghana’s Coconut has placed Ghana in Global Market
    Retired Vice President of Nigeria Yemi Osinbajo has fetched a New Mandate
    African Development Bank and Google Signs Agreement on Digital Transformation
    Contemporary Leadership in Nigeria’s Central Bank will enable to revive Confidence in Nigeria’s Banknotes Tony Elumelu disclosed
    Afreximbank exhorted African Nations to give Premium to Export Trading Companies to strengthen Small Medium Enterprises in International Marketing
    Malawi’s Financial Market Dealers Association has advised the Reserve Bank of Malawi to latch Fissures in the Forex Market
    $5 Billion has been committed by the African Petroleum Producers Organization for the Establishment of the African Energy Bank
    $20 Million has been endorsed by the AfFB to enhance the business to strengthen investments for Climate-Smart Agriculture in Mozambique AfDB Divulged
    Nigeria’s Telecom Contribution to the Gross Domestic Product (GDP) Hits 16 per cent in the Second Quarter of 2023- report
    Philip Mpango Vice President of Tanzania called for a Global Partnership to address the existing Demographic Emergency

    The Board of Governors of the ECOWAS Bank for Investment and Development assigned again Dr. George Agyekum Nana Donkor Board of Governor of the ECOWAS Bank starting February 1st , 2024

    Posted On 08 May 2023
    By : New Africa Business News, Staff Correspondent
    Comment: 0

    By Abdul Rahman Bangura-

    ECOWAS Building
    Photo Credit: Africainvestor

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone–  …It carried on during the just-ended 21st Ordinary Session of the Board of Governors held on April 5th, 2023. In carrying the decision, the Board of Governors carried in to review the growth made by the Bank since Dr. Donkor assumed office in January 2020.

    Outstanding accomplishments under his administration comprise the deduction of the Bank’s non-performing loans (NPL) ratio from over 8% to 4.28%, $77.5 million recouped in appreciation of capital arrears, and 36.8% balance sheet growth in 2022.

    The Board similarly asserted Its achievement with the Improvement In the Bank’s credit rating, presently B2 with a regular outlook by both Moody’s and Fitch Rating Agencies, which is the best-ever rating in the Bank’s history and a reflection of the red investor confidence in the Bank, despite the daunting global financial context induced by Covid19 pandemic and the Ukraine-Russia predicament.

    The amiable Chairman of the Board of Governors, Deputy Prime Minister, and Minister for Finance, Business Development, and Digital Economy of the Republic of Cabo Verde, Dr. Olavo Avelino Garcia Correia, noted that the Board of Governors was of the firm notion that Dr. Donkor was the right person to take the Bank to the next tier.

    The Bank’s Board of Directors which approved the renewal of Dr. Donkor’s term of office to the Board of Governors characterized him as a man of impeccable experienced diplomat and a sensible leader who had carried out various admirable endeavors at the helm of the Bank which has resulted in favorable consequences.

    In his response, Dr. Donkor vowed to proceed with helping with testers and the Board to forge ahead to establish overseeing financial institutions to help the region, while  assisting Member States to assure socio-economic developments.

     

     

    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    Aliko Dangote – President of Dangote Group Exhorted African Nations to Disassemble all Frontiers Hampering Free Trade across the Landmass of Africa

    Next Story

    Ecobank Launches New Digital Banking Platform for Youths in Kenya

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    Dr. Efua Asabea Asare CEO of Ghana Export Promotion Authority has disclosed Ghana's Coconut has placed Ghana in Global Market

    Posted On 30 Sep 2023

    Retired Vice President of Nigeria Yemi Osinbajo has fetched a New Mandate

    Posted On 29 Sep 2023

    African Development Bank and Google Signs Agreement on Digital Transformation

    Posted On 28 Sep 2023

    New Africa Business News, Africa Leader of the Year 2022-2023 Goes to Ethiopia's Prime Minister Dr. Abiy Ahmed

    Posted On 24 Feb 2023

    New Africa Business News 2022-2023 Person of The Year Goes to Professor Patrick Loch Otieno Lumumba (PLO Lumumba)

    Posted On 05 Jan 2023

    New Africa Business News, Person of the Year 2021-2022, Goes to African Women

    Posted On 29 Jan 2022

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Facebook

    Latest Posts

    Dr. Efua Asabea Asare CEO of Ghana Export Promotion Authority has disclosed Ghana's Coconut has placed Ghana in Global Market

    Retired Vice President of Nigeria Yemi Osinbajo has fetched a New Mandate

    African Development Bank and Google Signs Agreement on Digital Transformation

    Recent Posts

    • Dr. Efua Asabea Asare CEO of Ghana Export Promotion Authority has disclosed Ghana’s Coconut has placed Ghana in Global Market
    • Retired Vice President of Nigeria Yemi Osinbajo has fetched a New Mandate
    • African Development Bank and Google Signs Agreement on Digital Transformation
    • Contemporary Leadership in Nigeria’s Central Bank will enable to revive Confidence in Nigeria’s Banknotes Tony Elumelu disclosed
    • Afreximbank exhorted African Nations to give Premium to Export Trading Companies to strengthen Small Medium Enterprises in International Marketing

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • NGO
    • Obituary
    • Opinion
    • Public Notice
    • Sport
    • Video

    Tag Cloud

    african economy business africa

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.