Ghana Industrial Financial institution (GCB) PLC has concluded its thirty first Annual Basic Assembly (AGM) with a powerful declaration of economic resilience and strategic progress, underscoring its continued ambition to reclaim management in Ghana’s banking sector.
The assembly, held in Accra on Thursday, Might 1, marked the closure of the 2024 monetary 12 months and highlighted key achievements, together with a proposed dividend of Gh₵ 1.00 per share, topic to the approval of the Financial institution of Ghana.
The AGM provided shareholders perception into GCB’s exceptional monetary efficiency throughout a 12 months marked by financial headwinds and market volatility.
The financial institution reported a report revenue earlier than tax (PBT) of Gh₵ 1.9 billion—a formidable 23.3% year-on-year enhance.
Whole property surged by 57.6% to Gh₵ 42.8 billion, far outpacing the trade’s 33.79% progress price. GCB additionally noticed important enlargement in its mortgage guide and deposit base, which grew by 52.8% and 58.5% respectively.
Addressing shareholders, Managing Director Mr Farihan Alhassan described the 2024 efficiency as the very best within the Financial institution’s historical past in nominal phrases, attributing it to disciplined execution of technique, strong threat administration, and diversified income streams.
He famous, nevertheless, the necessity to pursue price optimisation because the Financial institution enters its new strategic cycle.
New strategic course and Board appointments
As GCB transitions into its 2025–2028 strategic part, the Financial institution outlined its renewed deal with three core pillars: Buyer Expertise, Digital Transformation, and Folks & Expertise.
The brand new technique goals to deepen buyer engagement by personalisation, improve operational effectivity through digital options, and strengthen inside capability.
The AGM additionally authorized the appointment of ten new administrators to a reconstituted Board, led by Professor Joshua Alabi, who assumes the function of Unbiased Non-Government Director and Board Chairman.
Mr Farihan Alhassan was formally affirmed as Managing Director. Different appointments embrace Dr Alhaji Yahaya Abdul-Rahman, Mrs Pamela Seyram Addo, Mr Frederick Amissah, and Mr John Colin Villars as Non-Government Administrators, in addition to 4 Unbiased Non-Government Administrators: Mr Alexander Agambilla Awine, Dr Nana Amma Adjovu, Dr Nene Adams Kortey Asafotei, and Dr Abdulai Alhassan.
Professor Alabi lauded the Financial institution’s progress and reaffirmed the Board’s dedication to accelerating digitalisation, bettering customer support, and increasing market share by strategic investments.
Dividend resumption and capital energy
The Board’s suggestion of a Gh₵ 1 dividend per share—amounting to Gh₵ 265 million—marks the resumption of dividend funds following a two-year pause because of the home debt trade programme.
If authorized, this is able to yield 15.7% for shareholders and replicate the Financial institution’s stable capital footing.
GCB’s shareholders’ fairness rose by 41% year-on-year to Gh₵ 4.3 billion, bolstering the Financial institution’s Capital Adequacy Ratio to fifteen.23%, above the regulatory minimal of 13%.
The Financial institution additionally posted an earnings per share (EPS) of Gh₵ 4.53, with a return on fairness (RoE) of 32.4% and a return on property (RoA) of three.4%.
Improved asset high quality was additionally famous, with the non-performing mortgage (NPL) ratio dropping to fifteen.1%, a 5.1 share level decline from the earlier 12 months, because of proactive threat administration and a strengthened threat tradition.

Dedication to social affect
In 2024, GCB Financial institution invested over Gh₵12 million in Company Social Duty (CSR) initiatives targeted on schooling, healthcare, social inclusion, and entrepreneurship.
Notable efforts included textbook donations to colleges, help for life-saving surgical procedures, and partnerships with establishments such because the Akropong Faculty for the Blind and the Osu Kids’s House.
Wanting forward
With its new technique and refreshed management, GCB Financial institution PLC assured the general public that the financial institution is well-positioned to consolidate features, scale innovation, and ship sustainable returns.
In media interplay after the assembly, administration expressed profound appreciation to shareholders, prospects, and employees for his or her unwavering belief and help.
“Our 2024 efficiency affirms GCB’s place as a resilient, forward-looking establishment. We’re getting into this new chapter with confidence and readability of goal,” stated Mr Alhassan.
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