GCB Presents GH¢18.7m Dividend TO Gov’t

Staff of the bank making the presentation

GCB Bank Limited has presented an amount of GH¢18.7 million to the Government of Ghana as dividend for the year 2015.

This represents an increase from 2011, 2012 and 2013 and 2014 when the bank paid dividend of GH¢3.65 million, GH¢7.2 9 million, GH¢13.97 million and GH¢18.1 million respectively.

Cassiel Ato Forson, Deputy Minister for Finance, who received the cheque from the Chief Finance Officer (CFO) of GCB Bank, Socrates Affram, lauded the consistent payment of dividend by GCB to government.

The deputy minister urged state-owned enterprises and joint venture companies with government equity to emulate and use the GCB business model.

He observed that GCB has consolidated enough to become a giant in the financial services industry of Ghana and urged the board and management of the bank to consider the expansion of GCB’s operations beyond Ghana.

“Take advantage of your size and look beyond Ghana. GCB can do better. You have set the benchmark for state enterprises and other banks,” Mr Forson said.

On behalf of the management of the bank, Mr Affram said the bank was working hard to improve its fortunes.

He said the proposal for expanding the bank’s operations outside the country was within its strategy.

Samuel Acquah, Chief Risk Officer, George Fuachie, Head of Corporate Banking Department, Thyra Obuobi, Head of Corporate Affairs Department and Trudy Osae, Company Secretary of GCB were present at the function.

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