Meet Sheila Azuntaba: the new Acting Deputy MD of Consolidated Bank Ghana
A former Miss Ghana and experienced finance professional, Sheila Azuntaba has been appointed as the new Deputy Managing Director of Consolidated Bank Ghana (CBG), marking a new chapter in her career and setting a strong example of leadership built on purpose and determination.
Her appointment, effective March 26, 2025, was announced alongside that of Naomi Wolali Kwetey, who has been nominated by President John Dramani Mahama to serve as Acting Managing Director of CBG.
The nominations were confirmed in a letter signed by Finance Minister Dr Cassiel Ato Forson, addressed to the Board Chairman of the bank.
“You [Board] are required to regularize the appointments in compliance with the Companies Act, 2019 (Act 992) and the Bank’s Constitution,” the letter stated.
Taking to Instagram to express her gratitude and excitement, Azuntaba posted:
“A New Dawn at CBG!
First and foremost, I give all glory to God Almighty for this incredible opportunity. He truly does all things in His own time and on His own terms. This is a divine reminder that His plans are always perfect, and His timing is unmatched.
Congratulations to @dr.naomi_kwetey, our new Managing Director of Consolidated Bank Ghana! It is with immense pride and joy that I celebrate this groundbreaking moment — not just for our institution, but for women everywhere who continue to rise, take up space, and shatter glass ceilings.
As your deputy, I pledge my unwavering support, loyalty, and commitment to your vision and leadership. I will show up — always — with excellence, purpose, and strength, ready to serve and drive our collective mission forward.
I am deeply grateful to H.E. @officialidmahama, President of the Republic of Ghana, for the honor of being nominated as Deputy Managing Director of Consolidated Bank Ghana. I do not take this responsibility lightly, and I pledge to serve with integrity, excellence, and a heart for impact.
I also extend my sincere appreciation to H.E. Professor @njoagyemang, Vice President of the Republic. Thank you for blazing the trail and being an extraordinary example of what women in leadership can achieve. You continue to inspire a generation of women to dream, to lead, and to rise with confidence and purpose.”
With more than 20 years of experience in the banking and finance sector, Sheila Azuntaba brings a wealth of knowledge to her new role. She has worked across Ghana, Kenya, and Nigeria, and notably served as Assistant Vice President at Citigroup’s Global Transaction Services Unit in Nigeria, where she was involved in product development, marketing, and sales strategies.
Aside from her corporate roles, Azuntaba is well-known for promoting financial support for women. As the founder and CEO of Innovative Microfinance Ltd, she has helped improve the lives of over 100,000 people in Ghana’s Northern Region, offering small loans and financial education to women and families in need.
“The North is like a breadbasket of Ghana,” Azuntaba explained in an earlier interview with thosewhoinspire.com. “You go to the North, and you see a woman, and she’s got four or five kids to feed, and a lot of times they don’t even sleep. So when you see that, the best thing you could do is give her that extra push.”
Her public journey began in 1996 when she became the first woman from the northern part of the country to win the Miss Ghana crown. She credits her mother’s influence in shaping her character. “She always wanted her kids to be very independent, very strong, and very focused — those were the values she passed on to us.”
Azuntaba holds a BA (Hons) in Marketing from the University of Westminster in London and an MBA in Finance from Strathclyde Business School in Glasgow, Scotland.
At CBG — a government-owned universal bank licensed by the Bank of Ghana — she is expected to help improve the bank’s operations and long-term development.