The ECOWAS {Bank} for Funding and Growth (EBID) has introduced the appointment of Dr. Cassiel Ato Forson, Ghana’s Minister of Finance, as the brand new Chairman of its Board of Governors.
In line with an announcement from the {Bank}, the appointment was confirmed in the course of the {Bank}’s twenty third Unusual Session held on April 14, 2025, in Banjul, The Gambia.
Dr. Forson takes over from Seedy Keita, The Gambia’s Minister of Finance and {Economic} Affairs, who beforehand held the position.
What Forson brings to the {Bank}
President and Chairman of EBID’s Board of Administrators, Dr. George Donkor, expressed optimism in regards to the new chairman’s management.
He highlighted Dr. Forson’s intensive experience in macroeconomics, fiscal and tax coverage administration, and finance.
- Forson, a chartered accountant and skilled tax practitioner, brings over 20 years of expertise throughout each private and non-private sectors to his new position.
- Talking on behalf of Dr. Forson, Ghana’s Deputy Finance Minister Thomas Ampem assured the Board of the brand new Chairman’s dedication to advancing the {bank}’s mission.
- He stated Forson is dedicated to accelerating useful resource mobilisation, boosting capital restoration, and reinforcing EBID’s efforts to onboard non-regional members.
Ampem emphasised that beneath Forson’s management, EBID would concentrate on consolidating its place because the main growth finance establishment in West Africa, driving {economic} development throughout the sub-region.
What you need to know
The ECOWAS {Bank} for Funding and Growth (EBID) has metamorphosed right into a fully-fledged growth finance establishment (DFI) through the years.
- As a significant regional DFI, the {Bank}, for over forty years, has targeted on serving to Member States to fulfill infrastructural, social and institutional challenges within the ECOWAS sub-region, by financing initiatives beneath its personal and public sector home windows.
- With every intervention, we’ve got all the time endeavoured to attain our imaginative and prescient of being “an efficient instrument for poverty alleviation, wealth creation and job promotion for the well-being of the folks of the sub-region”.
- After working because the Group’s DFI for effectively over forty years, the {Bank} has gathered the requisite data and experience to postulate evidence-based options to the challenges that beset Member States.
Working in among the most fragile communities on the planet, EBID has needed to take care of very critical socioeconomic challenges.
Dr. Forson’s appointment is seen as a strategic transfer to strengthen the {bank}’s affect within the area, significantly at a time when West African economies are in search of modern financing and partnerships to drive sustainable development.
