Daniel Larbi-Tieku appointed as Enterprise Group CEO

The Board of Enterprise Group has appointed Daniel Larbi -Tieku as the new Group Chief Executive O cer. This follows the retirement of Keli Gadzekpo from the posi-

Mr. Larbi -Tieku’s appointment takes e ect from

Mr. Gadzekpo will now serve as the Group Board Chairman for the Enterprise Group replacing Trevor Trefgarne who steps down after 25 years in the role. Mr Trefgarne will still remain on the board.

Mr. Larbi-Tieku is a Chartered accountant with over 30 years’ experience in Finance, Corporate Strategy, Risk Management, Audit and Control, Regulatory Compliance and good appreciation of insurance underwriting, product pricing and actuarial valuations.

He joined Enterprise Life Assurance as General Manager, Finance, in April 2011 and was promoted to the position of Group Chief Finance O cer for Enterprise Group in May 2016. In May 2020, Daniel was promoted again to the position of Deputy Group Chief Executive O cer. Prior to joining Enterprise Group, he worked with Ayew Agyeman Turkson & Co, a Chartered Accounting rm and Osei Wiredu and Associates. He moved to UK to pursue his professional accounting quali cation. While in the UK, he worked with several companies including Asante Wiredu and Partners, gramme, the Bank of Ghana will likely be encouraged to keep the policy rate elevated to “strengthen its monetary policy framework”.

“We forecast in ation will average 16.0% in 2024 – we believe that it is unlikely that the BoG will start easing monetary policy. Indeed, under an expected IMF programme, the BoG will likely be encouraged to keep the policy rate elevated to “strengthen its monetary policy framework”.

“Furthermore, the return of posi- a Chartered Accounting rm based in London and undertook a number of training programs. He returned to Ghana and joined The Coca-Cola Bottling Company of Ghana as a Management Accountant. He enrolled on the Coca-Cola Fast 1 programme for key Talents in Casablanca, Morocco and was promoted to the role of Finance Director in 2000. tive real interest rates will result in more capital in ows, mitigating risks to Ghana’s external position”, it pointed out.

Commenting on his appointment, Mr. Larbi-Tieku said he is humbled and grateful to the Board for the con dence reposed in him to lead the Enterprise Group.

He said “I accept in humility to serve as CEO of this great company. I am aware of the enormous task ahead, especially during the current economic challenges that this role must deal with. With the support of the Board, Management, and our hard-working Thoroughbreds”, I am very optimistic that we shall continue to create value for all our stakeholders”.

Outgoing Group CEO, Mr. Gadzekpo noted that his association with the company has not ended and is excited to take up the mantle of Group Board Chairman.

“Leading the Enterprise team has been a pleasure and has been ful lling in my working life. As I hand over the baton to Daniel Larbi-Tieku I am absolutely convinced, based on his sterling track record, that we have picked the best man for the job,” Keli Gadzekpo said.

Additionally, it said In ation will ease through 2023 but remain well above the Bank of Ghana’s target range of 6.0-10.0%.

February 2023 in ation slows to 52.8% to sustain downward trend

Year-on-year In ation for the month of February 2023 slowed down to 52.8%, the Ghana Statistical Service disclosed.

This was a reduction from the Jan- uary 2023 estimate of 53.6%, in uenced by the fall in in ation of transportation and other non-food items.

It was also the second consecutive time that the rate dropped in 20 months. In January 2023, in ation fell marginally to 53.6%, from 54.1% recorded in December 2022.