Dr. Naomi Wolali Kwetey has been appointed as the Managing Director of Consolidated Bank Ghana Limited (CBG), with her tenure commencing on March 26, 2025.
This appointment, made by the President, was officially confirmed through a letter signed by Finance Minister Dr. Cassiel Ato Forson, which has been reviewed by Citi Business News.
Dr. Kwetey brings over 25 years of substantial experience in the financial industry, encompassing areas such as corporate relationship management, treasury operations, credit administration, branch banking marketing, and operational risk management.
She earned a Bachelor of Arts in Economics from the University of Ghana, a Master of Business Administration in International Banking and Finance from The Birmingham Business School, and a Doctorate in Business Administration and Management from Nobel International Business (NiBS) University.
Additionally, the appointment letter addressed to the Board Chairman of CBG also announced Sheila Azuntaba as the Deputy Managing Director of the bank.
Before founding Innovative Microfinance Ltd, Sheila Azuntaba served as an Assistant Vice President at Citigroup’s Global Transaction Services Unit in Nigeria, where she significantly contributed to product development, marketing, and sales strategies tailored for the Nigerian market.
Her professional journey includes senior roles in investment and commercial banking across several countries, including Kenya and Ghana, where she managed substantial financial portfolios.
Sheila Azuntaba holds an MBA in Finance from The Strathclyde Business School in Glasgow, Scotland, and a BA (HONS) in Marketing from the University of Westminster in London. She was also crowned Miss Ghana in 1996 and has actively worked to empower financially marginalized groups, especially women.
The Finance Minister has instructed CBG to formalize these appointments in accordance with the Companies Act, 2019 (Act 992) and the bank’s constitution.
Dr. Naomi Wolali Kwetey and Sheila Azuntaba, with their substantial experience in banking, finance, and strategic management, are anticipated to leverage their expertise to guide CBG towards sustainable growth.
