GCB Bank PLC has announced the appointment of Professor Joshua Alabi as the Independent Non-Executive Director and Chairman of the Board of Directors, effective immediately. This appointment, subject to approval at the upcoming Annual General Meeting, as well as endorsements from the Bank of Ghana and other regulatory bodies, follows the resignation of Mr. Daniel Kwaku Tweneboah Asirifi.
Professor Alabi, a distinguished academic, administrator, and business strategist, brings a wealth of experience from his career spanning over three decades. Known for his transformational leadership, he has held prominent roles, including Chairmanship of HFC Bank, where he successfully led its rebranding into Republic Bank.
His extensive contributions to governance and education include serving as Vice-Chancellor of the University of Professional Studies, Accra (UPSA), where he positioned the university as a hub of academic excellence. He has also chaired the Social Security and National Insurance Trust (SSNIT), Accra Polytechnic Governing Council (now Accra Technical University), and the Ghana Book Development Council.
In public service, Professor Alabi has served as a Member of Parliament for the Krowor Constituency and as Minister of State for both the Greater Accra and Northern Regions. In sports administration, his roles include General Secretary of GHALCA, member of the GFA Management Board, and Coordinator for the Black Stars, Ghana’s senior national football team.
Commenting on his appointment, Professor Alabi expressed gratitude to the Board of Directors, 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 leadership and guidance, advancing GCB’s mission of delivering innovative financial solutions, enhancing shareholder value, and contributing to Ghana’s economic growth.
GCB Bank PLC, established in 1953, is Ghana’s premier indigenous bank, boasting a vast network of 184 branches and 340 ATMs nationwide. The Bank has earned its reputation as a systemic financial institution, with significant contributions to key sectors such as oil and gas, agriculture, and commerce. With a commitment to innovation and digital transformation, GCB remains steadfast in delivering on its brand promise, “Your Bank for Life.”
The appointment of Professor Alabi signals a new chapter in GCB’s leadership, as the Bank continues to cement its position as a trusted partner in Ghana’s development journey.
