DBG Welcomes Dr. Randolph Nsor-Ambala as New CEO - Onlinetimesgh

DBG Welcomes Dr. Randolph Nsor-Ambala as New CEO

Development Bank Ghana (DBG) has officially announced the appointment of Dr. Randolph Nsor-Ambala as its new Chief Executive Officer (CEO), effective January 21, 2025. His appointment signals a new phase of strategic growth and innovation for the Bank as it continues its mission to drive private sector development and economic transformation in Ghana.

A Seasoned Development Finance Expert

Dr. Nsor-Ambala brings extensive experience in development finance and executive leadership, having worked with leading multinational corporations such as Promasidor Ghana Limited, Coca-Cola, Diageo, and MTN. Over the past fifteen years, he has led development projects across key sectors, including agriculture, manufacturing, education, ICT, governance, energy, and health. His work has focused on positioning the private sector as the engine of growth, promoting gender parity, tackling climate change, and supporting marginalized communities.

With his expertise in impact investing and sustainable finance, Dr. Nsor-Ambala is expected to steer DBG towards fostering greater access to long-term financing for businesses, particularly in agribusiness, manufacturing, ICT, and high-value services.

Board’s Endorsement and Future Outlook

In an official statement, DBG Board Chairman Dr. Yaw Ansu expressed his gratitude to the outgoing CEO, Mr. Mireku K. Duker, for his contributions and leadership. He welcomed Dr. Nsor-Ambala, emphasizing the Board’s confidence in his ability to drive the Bank’s vision forward.

“As DBG transitions into this new phase, the Bank remains steadfast in its mission to accelerate inclusive and sustainable economic transformation,” Dr. Ansu stated.

Under Dr. Nsor-Ambala’s leadership, DBG aims to be a catalyst for innovation and growth, prioritizing impact investing, technical assistance, and private sector-led development. His focus areas include expanding access to long-term finance, empowering women economically, promoting environmentally sustainable initiatives, and aligning with contemporary Environmental, Social, and Governance (ESG) practices.

DBG’s Commitment to Economic Transformation

Since its inception three years ago, DBG has operated on a wholesale financing model, channeling funds through Participating Financial Institutions (PFIs) to support businesses across various sectors. This approach has helped unlock critical value chains and drive investments that boost economic resilience, innovation, and job creation.

As Dr. Nsor-Ambala takes the helm, DBG remains committed to closing the financing gap for Micro, Small, and Medium Enterprises (MSMEs), ensuring that Ghanaian businesses have access to competitive capital to scale their operations and contribute to the nation’s economic growth.

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