NIB PRESENTS 2006 DIVIDEND TO GOVERNMENT, 4/4/07
The National Investment Bank, (NIB) on April 4, 2007 presented a cheque of ¢14.96 billion to government as dividend for 2006. Hon. Dr. Anthony Akoto Osei, Deputy Minister of Finance and Economic Planning received the cheque on behalf of government which was presented by Mr. Charles Danyagri Jebuni, NIB Board Chairman and Mr. Daniel Charles Gyimah, Managing Director.
Hon. Dr. Anthony Akoto Osei commended NIB for its collaboration with the Government, Agence Francaise de Development and other multilateral Agencies for the implementation of a project on perennial Crops – Oil Palm and Rubber Plantation in the Central and Western Regions of Ghana. He noted that this project will help in no small way to aid farmers and also help increase export and export income for Ghana.
The Hon. Deputy Minister informed the Bank that the Foreign Exchange and Credit Reporting Bills have been passed into Laws. He said, with the passage of these Laws the Bank of Ghana is further strengthened to regulate foreign exchange business and transfer as well as licensing, operation and supervision of credit bureaus and disclosure of credit information in Ghana. He noted that the Ministry of Finance and Economic Planning will now collaborate with Bank of Ghana, and all financial institutions to implement the provisions of these Laws to bring about the needed changes. The Hon. Deputy Minister urged the bank to take advantage of the good enabling environment that has been created by Government to increase profitability for the benefit of all the stakeholders.
Mr. Charles Danyagri Jebuni, Board Chairman of NIB stated that, arrangements are far advanced with the Ministry of Road Transport and BHF Bank of Germany to provide more road equipment for Ghanaian road contractors to enhance their operational capacity and competitiveness. He disclosed that the Bank will also form a joint venture company known as Bedrock Venture Capital Limited with State Insurance Company (SIC) Limited and Venture Fund Trust Company (VFTC) with an initial stated capital of US$ 10 million.
