Bank of Ghana appoints Felix Addo as Advisor for NIB

The Bank of Ghana has appointed Felix E. Addo as an Advisor for the National Investment Bank (NIB), the central bank announced in a press release copied to ghanabusinessnews.com today January 25, 2019.

According to the release, Mr. Addo is to advise the management and help improve the affairs of the bank.

The Bank said: “Pursuant to section 101 (1) of the Banks and Specialised Deposit-Taking Institutions Act of 2016 (Act 930), the Bank of Ghana has appointed Mr. Felix E. Addo as Advisor to NIB,” the release said.

Mr. Addo is the immediate past Country Senior Partner of PricewaterhouseCoopers, Ghana and a former member of the PwC Africa Governance Board, the release stated.

It also added that, Mr. Addo has more than 30 years of practice and consulting experience in restructuring and insolvency, corporate/project finance and recovery, financial and forensic auditing, arbitration, corporate governance, organisational restructuring and performance improvement engagements in both developed and developing economies.

He currently chairs the Board of Directors of Guinness Ghana Limited, and serves on other Boards. He is the President of the Ghana Association of Restructuring and Insolvency Advisors (GARIA). He belongs to other professional bodies including the Institute of Chartered Accountants (ICA), Ghana, and the American Institute of Certified Public Accountants (AICPA).

Mr. Addo holds a BSc (Hons) Administration from the University of Ghana, Legon and an MA in Professional Accounting from Loyola College of Maryland, USA. He was honoured with a DSc (h.c) in July 2018 by the University of Mines and Technology, Tarkwa.

He is expected to help restructure NIB through governance and management reforms as well as streamlining its business model to help refocus it as a bank for industrialisation. He will stay in the bank until otherwise advised by the Bank of Ghana.

Asabea Akonor