Introducing Sheila Azuntaba, Consolidated Bank Ghana’s new Acting Deputy Managing Director.

Sheila Azuntaba is a former Miss Ghana and a proficient finance executive. She has been named the Deputy Managing Director of Consolidated Bank Ghana (CBG). This appointment marks a new phase in her professional journey and exemplifies steadfast leadership based on purpose and determination.

The appointment is effective March 26, 2025. It was announced alongside that of Naomi Wolali Kwetey. President John Dramani Mahama has nominated her to serve as Acting Managing Director of CBG.

The endorsements were validated in a letter. Finance Minister Dr Cassiel Ato Forson signed it and addressed it to the Bank’s Board Chairman.

Per the letter, the Board must formalize the appointments. This should be done according to the Companies Act 2019 (Act 992). The Bank’s Constitution must also be adhered to.

Azuntaba shared her thanks and enthusiasm on Instagram by posting:

The dawn of a new era has arrived at CBG!

“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.”

Sheila Azuntaba brings over two decades of expertise in the banking and finance industry. She joins her new position with a wealth of understanding. Her experience spans Ghana, Kenya, and Nigeria. She was Assistant Vice President at Citigroup’s Global Transaction Services Unit in Nigeria. In this role, she played a key role in developing products and implementing successful marketing and sales strategies.

In addition to her corporate endeavours, Azuntaba is recognized for advocating financial aid for women. She has provided strong leadership as the founder and CEO of Innovative Microfinance Ltd. Through her efforts, more than 100,000 individuals in Ghana’s Northern Region have been positively impacted. She offers microloans and educates women and families on financial management.

According to Azuntaba’s interview with thosewhoinspire.com, the North can be described as Ghana’s breadbasket. In this region, it is common to encounter women with multiple children. These women struggle to feed them. They often do not even get enough rest. In such situations, the most helpful gesture is providing them with extra support.

In 1996, her public journey began. She became the first woman from the northern region to hold the Miss Ghana title. She attributes her mother to instilling valuable qualities in her. According to her, her mother always emphasized independence, strength, and focus—these were the virtues she inherited from her.

Azuntaba has completed degrees in Marketing and Finance from prestigious universities in the United Kingdom. This includes a BA (Hons) from the University of Westminster. Additionally, Azuntaba earned an MBA from Strathclyde Business School in Glasgow, Scotland.

In her role at CBG, a government-owned universal bank licensed by the Bank of Ghana, she enhances the institution’s operations. She also drives long-term growth.