MD of Guinness Ghana, Gavin Pike (left), Board Chairman, Dr. Felix Addo (middle) and Suzanne Glenda Butah, Company Secretary at the AGM
GUINNESS GHANA Breweries has declared dividend
to its shareholders at the company’s 47th Annual General Meeting in
Kumasi.
The financial year under review delivered nine
million Ghana Cedis in dividends, which translated into a dividend payout of GH¢0.0293
per share.
This is the second time in a row Guinness Ghana
is paying dividends to shareholders after 6 six years.
Board Chairman of Guinness Ghana, Dr. Felix
Addo, said the company had another positive performance.
“Bottom line growth was challenged by the
significant Ghana Cedi devaluation, VAT regulation change which increased our
entire cost base by 5% and broader commodity inflation. However, in the next
financial year, we hope to do even better. We have the right people and a clear
strategy to deliver another impactful year,” he said.
The board chairman was proud of the gain the
company has made with local raw material sourcing which has seen Guinness Ghana
increase its local raw materials usage from 12% in 2012 to 55% in 2019. He
revealed that a 2019 study conducted by the Kwame Nkrumah University of Science
and Technology (KNUST) into the company’s socioeconomic impact across the
country showed that the company is working directly with 30,000 farmers, and
was impacting over 200,000 livelihoods particularly within the communities in
which it sources local raw materials.
He added that beneficiary communities where
Guinness Ghana sources its local raw materials according to the study have seen
significant improvements in their livelihoods in areas such as investments in
children’s education, housing, water, sanitation, healthcare and
nutrition.This, coupled with its shareholder value creation, positions Guinness
Ghana on a sustainable growth trajectory.
