Mahama Appoints Professor Joshua Alabi as GCB Bank’s New Board Chairman
Veteran Leader to Drive Strategic Growth and Innovation at Ghana's Premier Indigenous Bank
- Professor Joshua Alabi boasts over 30 years of experience in academia, public service, and corporate leadership
- Alabi to lead GCB’s mission of delivering innovative financial solutions and contributing to Ghana’s economic development
- Extensive contributions to governance, education, and sports administration
In a pivotal move, the Board of GCB Bank has appointed Professor Joshua Alabi as its new Independent Non-Executive Director and Board Chairman, effective immediately.
This appointment is subject to shareholders’ approval at the upcoming Annual General Meeting, as well as regulatory endorsements from the Bank of Ghana and other relevant authorities.
The decision comes on the heels of Mr. Daniel Kwaku Tweneboah Asirifi’s resignation as Director and Chairman of the Board.
Professor Alabi, a renowned academic, seasoned administrator, and business strategist with over three decades of distinguished service in education, public administration, and corporate leadership, brings unparalleled expertise to his new role.
He has a remarkable history of leadership, notably as the Chairman of HFC Bank, where he led its successful transformation into Republic Bank.
His leadership extends to key positions such 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), Professor Alabi significantly contributed to elevating the university to its current stature of excellence.
Professor Alabi’s career also spans public service, where he served as a Member of Parliament for the Krowor Constituency and as Minister of State for both the Greater Accra and Northern Regions. Additionally, his involvement in sports administration has seen him serve as the General Secretary of GHALCA, a member of the GFA Management Board, and the Coordinator for the Black Stars, Ghana’s senior national football team.
Commenting on his appointment, Professor Alabi expressed his gratitude to the Board of Directors, stating, “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.”
In his role as Chairman, Professor Alabi will provide strategic direction to the Bank, helping it continue its mission of delivering innovative financial solutions and contributing to Ghana’s economic growth.
GCB Bank, with 184 branches and over 340 ATMs, is Ghana’s premier indigenous bank, founded in 1953. The Bank plays a vital role in sectors such as oil and gas, agriculture, and commerce, and has evolved into one of Ghana’s most technologically advanced financial institutions. It remains dedicated to its brand promise, “Your Bank for Life,” fostering trust and collaboration across all its stakeholder relationships.
