Ghana’s Deputy Minister for Finance, Thomas Nyarko Ampem, has described First Atlantic Bank’s expansion into Liberia as a significant milestone in the growth of Ghanaian financial institutions and Africa’s economic integration.
Representing President John Dramani Mahama at the official opening of First Atlantic Bank Liberia in Monrovia on Friday, July 31, 2026, Mr Ampem said the move demonstrates the growing capacity of Ghanaian businesses to compete beyond national borders and contribute to Africa’s economic transformation.
He stressed that the bank’s entry into the Liberian market goes beyond the establishment of another financial institution.
“When a Ghanaian bank establishes itself in Liberia, this is not simply foreign investment. It is African capital investing in Africa. It is also expertise, opportunity and market confidence crossing borders,” he said.
According to him, the expansion reflects a shift where African institutions are increasingly becoming exporters of capital and financial services rather than relying solely on foreign investment.
Mr Ampem noted that Liberia’s banking sector already hosts successful African financial institutions from countries including Nigeria, Togo and Cameroon, adding that Ghana is joining that growing network through First Atlantic Bank.
He said the development aligns with President Mahama’s vision of creating an environment where Ghanaian businesses can expand and become regional and global champions.
The Deputy Finance Minister added that successful African enterprises demonstrate the continent’s ability to finance its own development, strengthen institutions and create opportunities for citizens.
Congratulating the board and management of First Atlantic Bank, Mr Ampem said the bank’s success in Liberia should not only be measured by profits and assets but also by the businesses it supports, entrepreneurs it finances and jobs it creates across West Africa.
President Joseph Boakai of Liberia officially inaugurated First Atlantic Bank Liberia at a ceremony attended by senior government officials from both countries, central bank governors, diplomats and business leaders.
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