A consultant in restructuring and insolvency, Mr Felix E. Addo, has been appointed advisor to the National Investment Bank (NIB) to oversee the restructuring of the state-owned lender.
The Bank of Ghana (BoG) announced the appointment of Mr Addo, who is the President of the Ghana Association of Restructuring and Insolvency Advisors (GARIA), in a press statement copied to the GRAPHIC BUSINESS.
The NIB is part of five indigenous banks that are benefiting from the Ghana Amalgamated Trust (GAT) arrangement.
It was given an advisor on January 4, 2019.
BoGs January 25, 2019 statement said Dr Addo was expected to help restructure NIB through governance and management reforms and streamline its business model to help refocus it as…
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