GCB Bank Ltd pays GH¢18.7m dividend to govt
GCB Bank Limited has presented GH¢18,680,842.29 to the government as dividend for the year 2015.
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The amount represents an increase of three per cent over the 2014 figure of GH¢18,114,756.16.
In 2011, 2012 and 2013, the bank paid dividends of GH¢3.65 million, GH¢7.29 million and GH¢13.97 million, respectively.
Commendation
A deputy Minister of Finance, Mr Cassiel Ato Forson, who received the dummy cheque for the amount, commended the bank for its performance and urged officials of the bank to put the necessary measures in place to increase its total profits in order to increase the dividend due the state.
“You must put a lot of proactive measures in place to be able to attract a lot of investors,” he said.
Among the state-owned enterprises (SoEs), Mr Forson said GCB Bank was doing better than the others.
He urged the bank on to achieve even better results in the future.
He said as the economic environment improved, there was the need for SOEs to ensure that they stepped up their game to leverage the opportunities to achieve profits and endeavour to pay their dividends promptly.
Investment in other countries
Mr Forson further called on the management of the bank to consider going beyond the shores of Ghana to be able to attract a lot of investors.
The Chief Finance Officer of the bank, Mr Socrates Afram, who presented the cheque, gave an assurance that the bank had put the necessary measures in place to attract a lot of investors.
“We’re also thinking of opening branches in other countries in the sub-region in the not-too-distant future,” he added.
Mr Afram also indicated that GCB Bank was committed to helping the government to achieve its development goals.
Mr Afram was accompanied by the Chief Risk Officer, Mr Samuel Acquah; the Head of Corporate Banking, Mr George Fuachie; the Head of Corporate Affairs, Mrs Tairah Obuobi; and the Board Secretary, Mrs Trudy Osae.