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Development Bank Ghana (DBG) has officially announced the appointment of Dr. Randolph Nsor-Ambala as the bank’s new Chief Executive Officer (CEO), effective January 21, 2025.
Dr. Nsor-Ambala, a seasoned development finance professional, brings a wealth of experience in executive leadership across multi-sectoral corporate organisations, including Promasidor Ghana Limited, Coca-Cola, Diageo, and MTN.
With over fifteen years of involvement in development projects funded by international partners, Dr. Nsor-Ambala has contributed to initiatives in sectors such as agriculture, manufacturing, education, ICT, governance, energy, and health.
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His work has consistently focused on positioning the private sector as a key driver of growth, improving gender equality, addressing climate change, and supporting marginalised, underserved, and vulnerable communities.
In a statement, DBG’s Board Chairman, Dr. Yaw Ansu, expressed his gratitude to the outgoing CEO, Mr. Mireku K. Duker, for his significant contributions to the bank and welcomed Dr. Nsor-Ambala.
He expressed the board’s full confidence in the new leadership and emphasised that, “as DBG transitions into this new phase, the bank remains steadfast in its mission to accelerate inclusive and sustainable economic transformation.”
Under Dr. Nsor-Ambala’s leadership, DBG aims to drive innovation and catalyse impact investing, advancing the bank’s vision of fostering transformative growth led by the private sector.
The bank will continue to prioritise access to long-term finance, support women’s economic empowerment, promote environmentally friendly practices, and align with contemporary Environmental, Social, and Governance (ESG) standards.
Since its establishment three years ago, DBG has significantly impacted the financing landscape in Ghana, particularly through its wholesale financing model.
The bank has facilitated substantial disbursements through Participating Financial Institutions (PFIs), unlocking projects across various sectors, including agribusiness, manufacturing, ICT, and high-value services.
These efforts have empowered numerous businesses, particularly in bridging the financing gap for micro, small, and medium-sized enterprises (MSMEs).
DBG’s commitment to providing Ghanaian businesses with access to competitively priced long-term capital is central to its mission, as the bank seeks to foster resilience, innovation, and sustainable growth across the country.
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