{"id":194634,"date":"2024-06-28T19:43:55","date_gmt":"2024-06-28T19:43:55","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/06\/28\/gcb-makes-over-gh%c2%a21-billion-profits-in-2023\/"},"modified":"2024-06-28T19:43:55","modified_gmt":"2024-06-28T19:43:55","slug":"gcb-makes-over-gh%c2%a21-billion-profits-in-2023","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/06\/28\/gcb-makes-over-gh%c2%a21-billion-profits-in-2023\/","title":{"rendered":"GCB makes over GH\u00a21 billion profits in 2023 \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p>GCB Bank PLC has made a remarkable turnaround, announcing a profit of over GHS 1 billion in 2023, after recording a loss of GHS 743.5 million in the previous year.<\/p>\n<p>This marks a significant milestone in the bank\u2019s history, with a total revenue growth of 26% for the year under review.<\/p>\n<p>The bank\u2019s total revenue reached GHS 3.78 billion, driven by a 37% growth in net interest income.<\/p>\n<p>GCB\u2019s balance sheet remained strong, with total assets growing by 26% to GHS 27.2 billion, and customer deposits reaching GHS 21.8 billion, up 23%.<\/p>\n<p>CB Bank PLC\u2019s Managing Director, Kofi Adomakoh, speaking at the bank\u2019s Annual General Meeting, touched on the factors accounting for the bank\u2019s good performance.<\/p>\n<p>He attributed the bank\u2019s impressive performance to effective cost management, staff training, and a focus on customer needs.<\/p>\n<p>\u201cWe also managed our cost, the cost initiation so we brought the cost down. We inspired our staff, we trained them, and we got them to focus on the needs of the clients, our debt income group, and our fee income group as a result of transaction banking initiatives that we also had.<\/p>\n<p>\u201cSo it was all built around the strategy of the bank which was around the revenue growth and profitability, meeting customer\u2019s desire.\u201d<\/p>\n<p>Addressing concerns by shareholders regarding their dividends, Kofi Adomakoh assured that the bank will soon review the dividends paid to its shareholders.<\/p>\n<p>He acknowledged their disappointment but emphasised the need to prioritize the bank\u2019s capital growth and stability.<\/p>\n<p><!-- CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>GCB Bank PLC has made a remarkable turnaround, announcing a profit of over GHS 1 billion in 2023, after recording a loss of GHS 743.5 million in the previous year. This marks a significant milestone in the bank\u2019s history, with a total revenue growth of 26% for the year under review. The bank\u2019s total revenue [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":194635,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-194634","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GCB makes over GH\u00a21 billion profits in 2023 \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/06\/28\/gcb-makes-over-gh\u00a21-billion-profits-in-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GCB makes over GH\u00a21 billion profits in 2023 \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"GCB Bank PLC has made a remarkable turnaround, announcing a profit of over GHS 1 billion in 2023, after recording a loss of GHS 743.5 million in the previous year. This marks a significant milestone in the bank\u2019s history, with a total revenue growth of 26% for the year under review. The bank\u2019s total revenue [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/06\/28\/gcb-makes-over-gh\u00a21-billion-profits-in-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-28T19:43:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/06\/image-1657.png\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"375\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/28\\\/gcb-makes-over-gh%c2%a21-billion-profits-in-2023\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/28\\\/gcb-makes-over-gh%c2%a21-billion-profits-in-2023\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"GCB makes over GH\u00a21 billion profits in 2023 \u2013\",\"datePublished\":\"2024-06-28T19:43:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/28\\\/gcb-makes-over-gh%c2%a21-billion-profits-in-2023\\\/\"},\"wordCount\":253,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/28\\\/gcb-makes-over-gh%c2%a21-billion-profits-in-2023\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/image-1657.png\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/28\\\/gcb-makes-over-gh%c2%a21-billion-profits-in-2023\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/28\\\/gcb-makes-over-gh%c2%a21-billion-profits-in-2023\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/28\\\/gcb-makes-over-gh%c2%a21-billion-profits-in-2023\\\/\",\"name\":\"GCB makes over GH\u00a21 billion profits in 2023 \u2013 - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/28\\\/gcb-makes-over-gh%c2%a21-billion-profits-in-2023\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/28\\\/gcb-makes-over-gh%c2%a21-billion-profits-in-2023\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/image-1657.png\",\"datePublished\":\"2024-06-28T19:43:55+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/28\\\/gcb-makes-over-gh%c2%a21-billion-profits-in-2023\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/28\\\/gcb-makes-over-gh%c2%a21-billion-profits-in-2023\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/28\\\/gcb-makes-over-gh%c2%a21-billion-profits-in-2023\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/image-1657.png\",\"contentUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/image-1657.png\",\"width\":750,\"height\":375},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/28\\\/gcb-makes-over-gh%c2%a21-billion-profits-in-2023\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GCB makes over GH\u00a21 billion profits in 2023 \u2013\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"},\"sameAs\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\"],\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/author\\\/ghanamma\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GCB makes over GH\u00a21 billion profits in 2023 \u2013 - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2024\/06\/28\/gcb-makes-over-gh\u00a21-billion-profits-in-2023\/","og_locale":"en_US","og_type":"article","og_title":"GCB makes over GH\u00a21 billion profits in 2023 \u2013 - Ghanamma.com","og_description":"GCB Bank PLC has made a remarkable turnaround, announcing a profit of over GHS 1 billion in 2023, after recording a loss of GHS 743.5 million in the previous year. This marks a significant milestone in the bank\u2019s history, with a total revenue growth of 26% for the year under review. The bank\u2019s total revenue [&hellip;]","og_url":"https:\/\/www.ghanamma.com\/2024\/06\/28\/gcb-makes-over-gh\u00a21-billion-profits-in-2023\/","og_site_name":"Ghanamma.com","article_published_time":"2024-06-28T19:43:55+00:00","og_image":[{"width":750,"height":375,"url":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/06\/image-1657.png","type":"image\/png"}],"author":"Ghana News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ghana News","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2024\/06\/28\/gcb-makes-over-gh%c2%a21-billion-profits-in-2023\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/06\/28\/gcb-makes-over-gh%c2%a21-billion-profits-in-2023\/"},"author":{"name":"Ghana News","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"headline":"GCB makes over GH\u00a21 billion profits in 2023 \u2013","datePublished":"2024-06-28T19:43:55+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/06\/28\/gcb-makes-over-gh%c2%a21-billion-profits-in-2023\/"},"wordCount":253,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/06\/28\/gcb-makes-over-gh%c2%a21-billion-profits-in-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/06\/image-1657.png","articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2024\/06\/28\/gcb-makes-over-gh%c2%a21-billion-profits-in-2023\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2024\/06\/28\/gcb-makes-over-gh%c2%a21-billion-profits-in-2023\/","url":"https:\/\/www.ghanamma.com\/2024\/06\/28\/gcb-makes-over-gh%c2%a21-billion-profits-in-2023\/","name":"GCB makes over GH\u00a21 billion profits in 2023 \u2013 - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/06\/28\/gcb-makes-over-gh%c2%a21-billion-profits-in-2023\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/06\/28\/gcb-makes-over-gh%c2%a21-billion-profits-in-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/06\/image-1657.png","datePublished":"2024-06-28T19:43:55+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/2024\/06\/28\/gcb-makes-over-gh%c2%a21-billion-profits-in-2023\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2024\/06\/28\/gcb-makes-over-gh%c2%a21-billion-profits-in-2023\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2024\/06\/28\/gcb-makes-over-gh%c2%a21-billion-profits-in-2023\/#primaryimage","url":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/06\/image-1657.png","contentUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/06\/image-1657.png","width":750,"height":375},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/2024\/06\/28\/gcb-makes-over-gh%c2%a21-billion-profits-in-2023\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/2024\/"},{"@type":"ListItem","position":2,"name":"GCB makes over GH\u00a21 billion profits in 2023 \u2013"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2024\/#website","url":"https:\/\/www.ghanamma.com\/2024\/","name":"Ghanamma.com","description":"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2024\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"},"sameAs":["https:\/\/www.ghanamma.com\/2024"],"url":"https:\/\/www.ghanamma.com\/2024\/author\/ghanamma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/194634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/comments?post=194634"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/194634\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media\/194635"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media?parent=194634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/categories?post=194634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/tags?post=194634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}