Our laws mandates the President to make some key appointments and interestingly, once some of these appointments have been made, these appointees, can then go on and make other appointments, to help him/her, in carrying out his assignment and this short story, is about three of same.
Meet key Databank staff, who worked under Ken Ofori Atta, who now sit comfortably at the Finance Ministry and other agencies under it include, such as Sampson Akligoh, who was once a Vice President at Databank in charge of Research, now heads the Financial Sector Division of the Finance Ministry, Ernest Akore, a former non-executive director at Databank, who is now a Board Member of the Ghana Revenue Authority, and yet another, former Databank leading staff, Michael Addotey Addo, who is now a Deputy Director-General at SSNIT.
There are more, but lets just stick to these three. Lets get to know Mr. Sampson Akligoh first, pictured below:
Sampson is currently the Acting Director of the Financial Sector Division of the Ministry, but prior this role he worked in the financial services industry in advisory, asset management and as an economist and served for many years, as a Vice President at Databank where he was Head of Research and a Fixed Income Strategist.
Sampson holds a BA in Economics and Law (First Class Honours) from the Kwame Nkrumah University of Science & Technology in Ghana, and a Master’s degree in Economic Policy and Corporate Strategy from the Maastricht School of Management in the Netherlands.
He also worked at SIC Financial Services Limited and with ADC African Development Corporation AG in Frankfurt, which was acquired by Atlas Mara in 2014 and also as the Managing Director of InvestCorp, a financial services firm in Accra, Ghana. Sampson also previously served as an Adjunct lecturer in International Economics at Ashesi University College in 2014.
From his big portfolio, he will be directly supervising the proposed National Development Bank, speaking at the Impact Investing Ghana (IIGh) and Citi TV’s first-ever public Dialogue Series on the Development Bank on Thursday, June 17, 2021, he shared that, the Nana Addo led-government is taking a number of steps to ensure that the yet-to-be-formed National Development Bank – Ghana (DBG) becomes independent and credible, as according to him, the government is focusing on forming a bank that will stand the test of time.
Mr. Sampson Akligoh
“We have actually taken our time to make sure that as humanly as possible the government checks the processes leading to the formation of this bank so that we have a credible institution that is independent and has the adequate human resources that can do things differently from the past. This includes the appointment of independent boards and the Act that will establish it, which has been registered with the Registrar-General,” he said.
“We can take a lot of short-term decisions and say let’s improve our addressing system but if you don’t have right cooperate governance in place, we don’t have better marketing strategies, we don’t have capital budgeting frameworks then the business cannot grow. In every country, the venture capital and impact investing people are those that support the ecosystem. So I will challenge the impact investing ecosystem, that they must be ready for the National Development Bank, to be meaningful and create an impact and I will welcome an immediate conversation as to how they can be ready,” he added.
Then there is Mr. Ernest Akore.
Ernest D. Akore is now the Technical Advisor to the Minister for Finance, his associate and long time friend, with whom he worked for at Databank, many years ago. He is also a Board Member of the Ghana EXIM Bank.
Ernest holds a Bachelor’s Degree in Business Administration from Whittier College, California and an MBA from the Graduate School of Management, United States International University in San Diego, California
The ministry’s website describes him as:
“a highly accomplished banking executive with excellent track record in increasing efficiencies, growing revenues, reducing costs and stimulating bottom-line growth for midsize to multi-million dollar organizations. He has a proven record in leading bank restructuring and reorganization in challenging settings and coordinates effectively with cross functional teams for attainment of company goals. Ernest began his banking career as a management trainee with Bank of America. After four years with that firm he accepted a middle management position, with Wells Fargo Bank in California where he spent eleven years honing his banking skills.
With a track record of demonstrated excellence in the banking industry, he relocated to West Africa in 2001 and took up the position of Chief Operating Officer of the then distressed Trust Bank Limited in The Gambia to help restructure and reorganize it. He relocated to Ghana in 2004 and joined Databank Financial Services Limited as the Executive Director of the Firm’s newly constituted Retail Services Unit. He resigned from Databank in 2014 to set up his own Consultancy.
Finally, meet the last associate of the Finance minister, who also moved on from Databank, into top appointment from Ken, he is Mr. Michael Addotey Addo.
Mr. Michael Addotey Addo. is now the Deputy Director-General at SSNIT., as well as an Independent Non-Executive Director, at Republic Bank (Ghana) Ltd. He received an undergraduate degree from Bates College, an MBA from Johnson Graduate School of Management and a graduate degree from Barney School of Business.
Prior to this appointment, Michael Addotey Addo occupied the position of Executive Chairman for Crosswinds Ltd and also sat on the boards of Ghana Stock Exchange, Emex Oil Ndawta Ltd. and Emex Oil Ndawta Ltd. (Nigeria), etc and previously occupied the position of Deputy Managing Director at NTHC Ltd, also, aside his meteoric rise, whiles at Databank, as he rose to become Chief Operating Officer & Fund Manager at Databank Agrifund Manager Limited.
He has also served on the Boards of several organizations including Starwin Products Limited, Ghana International Bank (London), First Atlantic Bank and Prudential Bank.
Source: operanewsapp
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