Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has been appointed as the Chairman of the Board of Governors for the ECOWAS Bank for Investment and Development (EBID). This prestigious announcement was made during the bank’s 23rd Annual General Meeting held in Banjul, Gambia. Though Dr. Forson was not physically present at the ceremony, he was ably represented by Deputy Finance Minister Thomas Nyarko Ampem, who conveyed the Minister’s gratitude and vision for his tenure.
The appointment of Dr. Forson has been widely received as a moment of pride and opportunity for Ghana and the West African region at large. Taking to social media platform X (formerly Twitter), the Minister expressed his deep appreciation to fellow member states for the trust they have placed in him. He described the appointment as a significant responsibility and pledged to carry out the role with dedication and humility.
Dr. Forson outlined four key strategic pillars that will guide his leadership at EBID. His first focus will be on strengthening resource mobilization to boost the bank’s capacity to support developmental efforts across the ECOWAS member countries. He also plans to improve capital recovery through enhanced asset management and better operational efficiency. Another major aspect of his vision involves facilitating non-regional membership, which he believes will attract diversified investments and new partnerships. Additionally, he aims to position EBID as the leading development finance institution in West Africa, capable of driving inclusive and transformational growth.
He acknowledged the hard work of EBID President, Dr. George Agyekum Donkor, and commended his predecessor, Seedy Keita, for his dedicated service. According to Dr. Forson, the region’s development challenges should be seen as opportunities to pursue bold, unified solutions. He reaffirmed Ghana’s commitment to EBID’s mission and pledged to collaborate closely with all stakeholders to promote resilience, innovation, and inclusive progress.
This new leadership role places Dr. Forson at the centre of West Africa’s development agenda, as the region seeks to unlock new pathways for economic advancement and shared prosperity through strategic financial interventions.
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