Ashanti Sankofa Inc. announced that Mr. Robert Spiers has resigned as a director and Chief Executive Officer of the company. The company announced that Mr. Ronald Renne has been appointed to the Board. Mr. Ronald Renne has been a director and Chairman of the Board of Blox Inc. Mr. Renne has over 10 years of experience in the banking sector and managing information technology resources.

He has strong African and European ties that have contributed to his excellent understanding of business, culture and language in West Africa - a significant asset to the Company. He has worked at HFC bank in London and the Royal Bank of Scotland.