GCB Bank PLC has announced the appointment of Professor Joshua Alabi as the Independent Non-Executive Director and Chairman of its Board of Directors, effective immediately. 

His appointment follows the resignation of Mr Daniel Kwaku Tweneboah Asirifi from the role of Director and Chairman. The decision is subject to shareholder approval at the forthcoming Annual General Meeting, as well as clearance from the Bank of Ghana and other regulatory bodies.

A distinguished academic and accomplished business strategist, Professor Alabi brings over three decades of leadership experience in academia, public service, and corporate governance. His career includes a transformative tenure as Chairman of HFC Bank, where he spearheaded its successful evolution into Republic Bank.

Professor Alabi’s leadership extends to numerous high-profile positions. He has served as Chairman of the Board of Trustees for the Social Security and National Insurance Trust (SSNIT), Chairman of the Accra Polytechnic Governing Council (now Accra Technical University), and Chairman of the Ghana Book Development Council. As Vice-Chancellor of the University of Professional Studies, Accra (UPSA), he played a pivotal role in establishing the institution as a centre of academic excellence.

In addition to his contributions to academia and governance, Professor Alabi has an extensive record in public service. He previously represented the Krowor Constituency as a Member of Parliament and held ministerial roles for the Greater Accra and Northern Regions. His involvement in sports administration includes serving as General Secretary of GHALCA, a member of the Ghana Football Association Management Board, and Coordinator for the Black Stars, Ghana’s senior national football team.

Reflecting on his appointment in a GCB press release, Professor Alabi expressed his gratitude, saying: “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 Chairman, Professor Alabi is expected to provide strategic direction and guidance to GCB Bank, reinforcing its mission to deliver innovative financial solutions, enhance shareholder value, and support Ghana’s economic growth.

GCB Bank PLC, established in 1953, remains a cornerstone of Ghana’s banking sector. With 184 branches, 340 ATMs, and a network of banking agents nationwide, it has earned a reputation as a modern financial institution delivering comprehensive banking services across multiple sectors, including agriculture, commerce, and oil and gas.