GHANA – The Board of Ghana Commercial Bank Limited has announced the appointment of Mr. John Kofi Adomakoh as the new Managing Director (MD) of the Bank replacing Mr. Anselm Ray Sowah, who ended his tenure of office as the MD of GCB Bank in September this year after more than three years in that position.

According to a release by the bank, the Board views this appointment as a major milestone in the Bank’s transformation agenda to become a world-class bank with proactiveness in solving client needs.

It also that, Kofi’s extensive international leadership experience, expertise in global financial markets, combined with his deep understanding of the Ghanaian market will be invaluable to the success of the Bank’s  transformation journey and further strengthen it’s position in growing  market share, revenue and profits.

“Kofi is an inspiring and energetic leader, and he is widely known for his collaborative leadership style and for building high performance teams,” said Jude Arthur, Chairman of the Board of Directors, GCB Bank.

“As industry evolves through technological innovation and advancement, I believe GCB Bank is in a pole position to provide cost effective and world class digital banking solutions.”

John Kofi Adomakoh – MD, GCB

“I have no doubt that Kofi’s extensive financial services experience and international exposure will help GCB Bank deliver improvement in shareholder value as well as strengthen and develop key partnerships and strategic alliances.”

Prior to his appointment, Kofi was the Director & Global Head, Project and Asset-Based Finance of the African Export-Import Bank headquartered in Cairo. He brings to this role, over 25 years of banking experience within Africa;15 of which have been at executive management levels.

Kofi has held many leadership roles including Executive Director, Corporate & Institutional Banking at Barclays Bank Ghana Limited (now ABSA Bank Ghana Limited) and Head of Institutional Banking Group at Ecobank Ghana Limited.

Kofi holds an Executive Master’s Degree in Business Administration and a Bachelor of Science in Agriculture, majoring in Economics from the University of Ghana, Legon. He had his Ordinary and Advanced Levels education at the St. Augustine’s College, Cape Coast.

“I am greatly honoured and excited to be joining GCB Bank at this time to contribute to the transformation agenda and lead the bank to dominate the market. GCB Bank has a large clientele and strong balance sheet which uniquely positions it as a strong and formidable Ghanaian bank providing support to businesses and individuals,” Kofi said on his appointment.

“As industry evolves through technological innovation and advancement, I believe GCB Bank is in a pole position to provide cost effective and world class digital banking solutions. I am passionately committed to placing our clients at the centre of everything we do and look forward to working closely with the Board, senior leadership team, and all employees of the Bank.”

The release said the board congratulated Mr Adomakoh on his appointment and thanked all stakeholders for their continued support.

“We are confident that he has what it takes to steer this great bank to the next level”, the release added.

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