GCB Bank has declared a dividend of GH₵1 per share for shareholders, following a robust financial performance in 2024. The announcement came during the bank’s 31st Annual General Meeting held in Accra.
According to its annual report, GCB Bank posted a profit exceeding GH₵1.2 billion, an increase of roughly GH₵200 million from the previous year. The bank also nearly doubled its total assets, growing from GH₵27 billion in 2023 to over GH₵42 billion in 2024.
Board Chair Prof. Joshua Alabi attributed the dividend payout to the bank’s sustained growth and strong financial results. “At a board meeting on February 25, 2025, the directors approved a final dividend of GH₵1 per share for the 2024 financial year,” Prof. Alabi announced to applause from shareholders.
He expressed confidence in the bank’s long-term prospects, stating, “GCB Bank is a strong institution, the number one bank in Ghana, and we are committed to exceeding this year’s performance to further delight shareholders.”
Managing Director Farihan Alhassan also assured stakeholders of plans to enhance future returns. “We’re implementing strategies to maintain our lead in the banking sector. Greater market leadership means higher revenues, which directly benefits our investors,” he said. “Expect exciting developments ahead. Our focus remains on delivering value to our clients and shareholders.”
GCB Bank PLC, Ghana’s first and largest indigenous bank, continues to pursue its mission of offering top-tier banking solutions while creating lasting value for stakeholders.
