GCB Bank pays dividend to Ministry of Finance

The Ghana Commercial Bank Limited has presented a cheque for Ghc18,680,842.29 to the Ministry of Finance as its dividend payment for the 2015 fiscal year for government shares in the bank.

Mr Afram Socretes, the Chief Finance Officer of the GCB Bank Limited, said on Thursday that the bank had worked hard in spite of the challenging financial environment within the year under review.

He assured the Ministry that the management of the bank had embarked upon various reforms and was working to solidify the infrastructure and other systems in order to enhance performances in the ensuing years.

The bank, he said, had also intensified its recovery efforts and developed attractive financial packages to attract more clients to ensure a significant leap in dividend in 2016 and beyond.

Mr Casiel Ato Forson, a Deputy Minister of Finance, who received the cheque, thanked the management of the bank for the payment which, he said, although not satisfactory, was good, and encouraged the bank to work harder to raise the dividend in the ensuing years.

He commended the GCB Bank for being the best among the State Enterprise Organizations and for being consistent in its payment of dividend in spite of the current challenging economic conditions and challenged other organizations to emulate the example of the GCB Bank.

The economy, he said, was beginning to show positive signs of improvement and there was hope that Ghana’s best economic years were about to come.

Mr Forson urged the Management of the Bank to explore new ways of making profit by widening its net and taking advantage of its broad experience and class to look beyond Ghana.

Source: GNA