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April 28, 2026
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FirstBank Ghana appoints Osahon Ogieva as MD/CEO; Victor Asante moves to international role
Money
Opportunity
Growth
Key Points
- FirstBank Ghana Limited has appointed Osahon Ogieva as its new Managing Director and Chief Executive Officer.
- Ogieva takes over from Victor Yaw Asante, who served two terms and will now head International Banking at the FirstBank Group.
- Ogieva brings over 25 years of experience in various sectors, including banking, and has a strong background in corporate banking and deal-making.
- Under Asante's leadership, FirstBank Ghana expanded its branch network from 20 to 33, introduced several digital and financial tools, and launched new services like Private Banking and FirstMonie.
- The leadership change aims to build on past successes and drive further growth and market penetration for FirstBank Ghana, leveraging closer ties with the wider FirstBank Group.
Why This Matters
This leadership change at FirstBank Ghana is significant as it signals continued strategic focus and investment in Ghana's competitive banking sector. The new CEO's experience and the bank's commitment to growth, including digital and financial inclusion initiatives like FirstMonie, could lead to advancements benefiting Ghanaian consumers and businesses. It also reinforces the presence and strategic direction of a major regional financial player in the country.
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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.
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- 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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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.