Daniel Sackey Retires From Ecobank. New MD Takes Over

Ecobank Ghana PLC has announced the retirement of Daniel Sackey as the Managing Director (MD), with effect from August 14, 2023, after achieving the obligatory age. He steps down as a member of the Board of Directors of the Bank.

Mr. Sackey joined the Bank in 1995 and rose through the positions to act as the Country Risk Manager, Regional Risk Manager, and Deputy Group Risk Manager. He also handled several vital roles within the Ecobank Group including MD for Ecobank Rwanda as well as Ecobank Zimbabwe.

Mr Sackey also filled in as the Cluster Head for the Southern Africa Development Community (SADC) zone comprising Zimbabwe, Zambia, Malawi, Mozambique, and the Democratic Republic of Congo.

He got back to Ghana in September 2016 with broad financial experience across East and Southern Africa, to accept the responsibility at Ecobank Ghana.

Mr. Sackey is credited with initiating the change of Ecobank Ghana into a main bank in the digital eco-system, over his seven-year tenure. Under his direction, Ecobank has consistently received both national and international recognition by way of numerous awards for excellent performance.

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Mr. Sackey bows out on a high note, crowning his term of office with the latest award conferred on Ecobank Ghana PLC as the “CIMG Best Bank of the Year for 2022”.

Joana Mensah

Meanwhile, Joana Mensah has been named in Mr. Sackey’s stead as the Acting Managing Director effective August 15, 2023. She joined Ecobank Ghana in August 1993 as a Financial Analyst with the Corporate Banking Department of the Bank.

She subsequently served as a Relationship Manager in charge of the SME Portfolio and was eventually appointed as the Head of Commercial Banking in 1999. In the year 2005, Ms Mensah was appointed as Country Risk Manager and dual-hatted as Regional Risk Manager for the West African Monetary Zone (currently known as the AWA Region).

In light of her mind blowing credit insight and aptitude in practicing sound credit judgment, she was also appointed as Senior Credit Officer by Ecobank Transnational Inc. responsible for approving large credit exposures and high-risk exposures for the AWA Region.

In May 2019, Ms Mensah was appointed as the Country Chief Risk Officer of Ecobank Ghana responsible for managing the Enterprise-Wide Risk functions across the Bank. In this capacity, she had direct supervision of credit risk, market risk, operational risk as well as ESG and worked through the Management Risk Committee to cover other risk areas.

She has a strong background in SME development, Corporate Banking/ Strategy and Risk Management. Ms Mensah holds an MBA in Finance and a BSc. in Agricultural Economics from the University of Ghana, Legon. She presently serves as a member of the Board of Directors of Ecobank Gambia and previously served on the Boards of Ecobank Sierra Leone and Ecobank Ghana Venture Fund.