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August 13, 2026
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Republic Bank Ghana PLC appoints Elsie Enninful-Adu as Non-Executive Director of the Board
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Key Points
- Republic Bank (Ghana) PLC has announced the appointment of Elsie Enninful-Adu as a Non-Executive Director to its Board.
- The appointment, effective August 3, 2026, received approval from the Bank of Ghana.
- Madam Enninful-Adu brings over 30 years of extensive experience across various facets of the financial services sector, including investment management, private equity, and corporate finance.
- She has significant executive-level experience, including her role as Team Lead for the Ghana CARES Guarantee Scheme (GCGS).
- The bank expects her expertise to contribute significantly to its continued growth, strategic ambitions, and strengthened leadership and governance capabilities.
Why This Matters
This appointment is significant for Ghana as it strengthens the governance and strategic direction of a major financial institution, Republic Bank. Elsie Enninful-Adu's vast experience, including her work on the Ghana CARES Guarantee Scheme, can influence the bank's role in supporting economic development and financial stability across the country. A robust banking sector leadership is crucial for fostering investor confidence and driving national economic growth.
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GoldBod denies GH¢1bn BoG overdraft claim, demands retraction and apology from Boako
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- Dr. Boako, a Deputy Ranking Member on Parliament’s Finance Committee, questioned GoldBod's reported GH¢907 million profit, stating an outstanding overdraft would reflect a loss.
- GoldBod labeled Dr. Boako’s claim as “totally false,” a “deliberate and malicious smear campaign,” and demanded a retraction and apology.
- This dispute is set against a broader political and economic debate concerning GoldBod’s financial performance and the accounting treatment of GH¢22 billion losses from the Domestic Gold Purchase Programme (DGPP).
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GoldBod losses remain key on Minority agenda as Parliament reconvenes – Afenyo-Markin
- The NPP Minority Leader, Alexander Afenyo-Markin, reaffirmed the caucus's commitment to investigate a reported US$1.7 billion loss linked to the Bank of Ghana’s Domestic Gold Purchase Programme and the Ghana Gold Board (GoldBod).
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- Dr Bawumia commended the Minority Caucus for its accountability efforts and encouraged their continued work.
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Why celebrate $2.62bn FDI while losing $1.7bn under the Domestic Gold Programme? IERPP asks
- The Institute of Economic Research and Public Policy (IERPP) welcomes Ghana's US$2.62 billion Foreign Direct Investment (FDI) as a sign of investor confidence.
- However, IERPP tempers this optimism with concern over an estimated GH¢22 billion (US$1.7 billion) loss from the Domestic Gold Purchase Program (DGPP).
- The DGPP loss is significant, equating to about 65 cents for every US$1 of FDI attracted, highlighting a major resource management issue.
- IERPP emphasizes that while FDI is crucial, it cannot substitute for prudent management and protection of existing public resources.
- The Institute calls for greater transparency, a clear breakdown of DGPP losses, and intense scrutiny from accountability institutions, Parliament, and civil society.