Professor Joshua Alabi is a distinguished academic, seasoned administrator, and renowned business strategist with a career spanning over three decades in academia, public service, and corporate leadership.

He has held numerous high-profile roles, including Chairman of HFC Bank, where he successfully led its transformation into Republic Bank. He brings extensive experience in leadership, governance and strategic planning to the board of the Bank.

His appointment is expected to drive GCB Bank’s vision of becoming a key player in Ghana’s banking sector, fostering innovation, operational efficiency and customer-centric services.

Commenting on his appointment, Professor Alabi expressed his gratitude to the Board of Directors for their confidence in him. He stated, “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.”

Professor Alabi, a former Vice-Chancellor of the University of Professional Studies, Accra (UPSA), has served in various leadership roles, including as a Member of Parliament and Regional Minister.

His diverse background in education, public service and corporate governance is seen as a strong asset for the bank’s growth trajectory.

MD resigns, Farihan Alhassan takes over 

Meanwhile, Managing Director of GCB Bank PLC, Kofi Adomakoh has resigned.

The Bank has officially appointed Farihan Alhassan, a distinguished banking professional with two decades of experience, as its new Managing Director.

Mr. Alhassan joins GCB Bank with an impressive track record, most recently serving as the Executive in Charge of Business and Commercial Banking at Stanbic Bank Ghana where he excelled in developing innovative strategies, improving operational efficiency and enhancing customer engagement.

With over 20 years of experience in the banking sector, Alhassan is well-positioned to drive strategic growth and innovation at GCB Bank.

His tenure at Stanbic was especially notable for advancing the interests of small and medium-sized enterprises (SMEs).

Alhassan’s career achievements include becoming the youngest regional manager at Barclays Bank (now Absa) at the age of 26, a role that set the stage for his rapid rise in the banking industry.

He later served as Head of Retail and Distribution at Absa, where his leadership style was lauded for its focus on people-first principles and operational excellence.

In a statement, GCB Bank expressed confidence in Alhassan’s ability to lead the institution into a transformative period.

His appointment is expected to focus on strengthening the bank’s market position, expanding financial inclusion and driving innovative solutions to meet customer needs.

This leadership transition marks a pivotal moment for GCB Bank as it seeks to navigate the evolving banking landscape under Alhassan’s stewardship.