The Development Bank Ghana (DBG) has announced the appointment of Dr. Randolph Nsor-Ambala as its new Chief Executive Officer (CEO), effective January 21, 2025.
His appointment signals a renewed focus on innovation, impact investing, and sustainable economic transformation.
In an official statement, DBG’s Board Chairman, Dr. Yaw Ansu, expressed appreciation to the outgoing CEO, Mr. K. Duker, for his invaluable contributions to the bank’s development.
He warmly welcomed Dr. Nsor-Ambala, assuring him of the Board’s confidence and full support as he takes the institution into its next phase of growth.
Dr. Nsor-Ambala brings extensive experience in development finance and executive leadership, having worked with major corporations such as Promasidor Ghana Limited, Coca-Cola, Diageo, and MTN. Over the past 15 years, he has spearheaded development initiatives funded by international partners across multiple sectors, including:
- Agriculture
- Manufacturing
- Education
- ICT
- Governance
- Energy
- Health
His work has focused on positioning the private sector as a key driver of economic growth, promoting gender parity, tackling climate change, and creating opportunities for marginalized and vulnerable groups.
Dr. Nsor-Ambala’s appointment marks a strategic turning point for DBG, reinforcing the bank’s commitment to building a resilient and competitive private sector in Ghana. Under his leadership, DBG aims to:
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- Enhance access to long-term financing for Micro, Small, and Medium Enterprises (MSMEs)
- Foster women’s economic empowerment and inclusion
- Promote environmentally sustainable initiatives
- Align with contemporary Environmental, Social, and Governance (ESG) standards
With a strong focus on impact investing and technical assistance, DBG seeks to drive private-sector-led transformation that will accelerate inclusive and sustainable economic growth.
Since its establishment three years ago, DBG’s wholesale financing model has played a crucial role in unlocking funding through Participating Financial Institutions (PFIs). These efforts have fueled key projects in agribusiness, manufacturing, ICT, and high-value services.
The bank remains committed to bridging the financing gap for MSMEs, ensuring that Ghanaian businesses have access to long-term, competitively priced capital to drive resilience, innovation, and sustainable growth.
As Dr. Nsor-Ambala steps into his new role, expectations are high that his expertise and strategic vision will propel DBG to new heights.
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