GCB Bank announces GH?1 dividend per share for shareholders

GCB Bank has announced a GH?1 dividend per share for all shareholders at its 31st Annual General Meeting in Accra.

In its annual report, the bank declared a profit exceeding GH?1.2 billion, an increase of approximately GH?200 million compared to the previous year.

Additionally, GCB nearly doubled its total assets from GH?27 billion to over GH?42 billion in 2024.

Board Chair, Prof. Joshua Alabi, attributed the dividend declaration to the bank’s strong performance, a move that was met with applause from shareholders.

“At a board meeting held on February 25, 2025, the directors resolved and recommended a final dividend payment of GH?1 per share for the financial year 2024,” he announced.

Prof. Alabi also expressed confidence in the bank’s future, reaffirming his commitment to strengthening GCB’s position as Ghana’s leading financial institution.

“I am very confident that GCB Bank is a strong institution, the number one bank, and my board will ensure that we outperform today’s achievements, making shareholders even happier in the coming years,” he said.

Managing Director, Farihan Alhassan, assured shareholders of plans to increase dividends in subsequent years, emphasizing the board, management, and staff’s dedication to their welfare.

“We are taking steps to solidify our position as Ghana’s dominant bank. When we lead the industry, we generate more revenue, which translates into increased returns for our investors. Expect exciting moments ahead, we are deeply committed to our clients, so stay tuned,” he stated.

GCB Bank PLC is Ghana’s first and largest indigenous bank, with a vision to be the leader in all markets and a mission to provide first-class banking solutions for customers while delivering value to stakeholders.

By Beatrice Sowah

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