GCB Bank PLC has announced the appointment of Professor Joshua Alabi as the new Chairman of its Board, following the resignation of Mr. Daniel Kwaku Tweneboah Asirifi, who stepped down as Director and Chairman.
In a statement, the bank confirmed, “The Board has today approved the nomination and appointment of Professor Alabi as an Independent Non-Executive Director and Chairman of the Board of Directors effective immediately, subject to shareholders’ approval at the upcoming Annual General Meeting, as well as the necessary approvals from the Bank of Ghana and other regulatory bodies.”
Professor Joshua Alabi is an accomplished academic, experienced administrator, and respected business strategist with a career that spans over three decades in both public and private sectors. He previously served as Chairman of HFC Bank, where he led the institution’s successful transformation into Republic Bank.
His leadership experience extends to various domains, including his tenure as Chairman of the Social Security and National Insurance Trust (SSNIT) Board of Trustees, the Accra Polytechnic Governing Council (now Accra Technical University), and the Ghana Book Development Council.
Additionally, Professor Alabi played a pivotal role as Vice-Chancellor of the University of Professional Studies, Accra (UPSA), where he contributed significantly to its development as a premier academic institution. His public service career includes representing the Krowor Constituency as a Member of Parliament and serving as Minister of State for both the Greater Accra and Northern Regions.
In sports administration, Professor Alabi has held various positions, including General Secretary of GHALCA, a member of the Ghana Football Association Management Board, and Coordinator for the Black Stars national football team.
Expressing his appreciation for the opportunity, Professor Alabi commented, “I am deeply honoured to lead GCB at this pivotal moment. Together with the Board and management, we will work tirelessly to strengthen GCB’s position as a leading financial institution in Ghana and beyond.”
As the new Chairman, Professor Alabi is set to provide strategic direction and oversight, furthering GCB Bank’s goal of offering innovative financial solutions, enhancing shareholder value, and contributing to the broader economic development of Ghana.
