Republic Bank (Ghana) PLC has announced the appointment of Mr. David Addo-Ashong as Acting Board Chairman following a decision by the Board of the Bank and the approval of the Bank of Ghana.
Mr. Addo-Ashong, who has been a member of the Republic Bank (Ghana) PLC Board since June 2018 as a representative of Republic Financial Holdings Limited (RFHL), brings a wealth of experience and expertise to this new role.
David Addo-Ashong’s appointment as Acting Board Chairman is a testament to his deep understanding of the Bank’s operations and his significant contributions over the years. He has served as Chairman of both the Enterprise Risk and Board Credit Committees, as well as a member of the Remuneration and Nominations Committee of the Board.
Additionally, he chairs the Board of Republic Securities Limited and serves on the Board of Republic Investments (Ghana) Limited. With over 40 years of industry experience and a proven track record of success, Mr. Addo-Ashong is well-positioned to lead Republic Bank (Ghana) PLC during this interim period.
The Board of Directors expressed their full confidence in Mr. Addo-Ashong’s ability to steer the Bank, ensuring that it remains committed to its core mission and continues to build on its strong foundation. They wished him a successful tenure and reassured the Bank’s investors and valued customers of the Bank’s unwavering dedication to excellence and growth.
Commitment to Sustainable Development Goals
Republic Bank (Ghana) PLC is not only focused on financial success but also on making a positive impact on society. The Bank aligns its corporate social responsibility efforts with four Sustainable Development Goals (SDGs): Good Health and Well-being, Quality Education, Clean Water and Sanitation, and Climate Action. These efforts are part of its umbrella initiative, “Power to Make a Difference” (PMAD).
Through PMAD, Republic Bank actively contributes to the betterment of communities in Ghana by supporting initiatives that promote health, education, environmental sustainability, and access to clean water. This commitment to corporate social responsibility underscores the Bank’s dedication to creating a sustainable future for all.
With David Addo-Ashong at the helm as Acting Board Chairman, Republic Bank (Ghana) PLC is poised to continue its trajectory of growth and success. His extensive experience and leadership will guide the Bank through this interim period, ensuring stability and continuity. The Board’s confidence in Mr. Addo-Ashong reflects the strength and resilience of Republic Bank’s leadership team and its commitment to delivering exceptional value to its stakeholders.
As the Bank continues to innovate and expand its services, it remains dedicated to its mission of providing top-tier financial solutions while contributing to the socio-economic development of Ghana. The appointment of David Addo-Ashong marks a new chapter in the Bank’s journey, one that promises continued prosperity and positive impact.
Republic Bank (Ghana) PLC’s focus on sustainability, diversity in services, and strong leadership positions it as a cornerstone of Ghana’s banking sector, ready to meet the challenges of the future and seize opportunities for growth and development.
Republic Bank (Ghana) PLC, a subsidiary of Republic Financial Holdings Limited (RFHL) of Trinidad & Tobago, is recognized as Ghana’s leading universal banking institution and one of the most diversified financial institutions in the country. The Bank offers a comprehensive range of services, including Corporate, Commercial, and Retail Banking; Investment Banking; Trustee Services; Mortgage Banking; Visa credit and Debit Cards; and Microfinance. This wide array of services positions Republic Bank as a one-stop financial institution catering to the diverse needs of its clients.
The Bank’s parent company, RFHL, is the largest and most profitable independent bank in the English-speaking Caribbean. With over 186 years of service to the region, RFHL boasts a total asset base of over USD 17.1 billion as of the end of the 2022 financial year. This robust financial backing and extensive history provide Republic Bank (Ghana) PLC with a solid foundation and the resources needed to thrive in the competitive banking industry.
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