GCB pays dividend to government

GCB Bank Limited has paid GH¢7.3 million as dividend to the government for the 2012 financial year.

The bank also paid an interim dividend of GH¢2.1 million on its 2013 accounts.

The 2012 dividend paid by the bank on the 2012 accounts represents a 100 per cent increase of what was paid on its 2011 accounts, that is GH¢3.6 million.

The cheque was paid to the government through the Ministry of Finance and was received by a deputy Minister of Finance, Mr Cassiel Ato Forson at a ceremony in Accra.

Mr Forson commended the bank for its consistency and steady increase in dividend payment to the government, who is a shareholder of GCB over the past two years.

“GCB bank for the periods 2011 – 2013 has paid dividend in the sum of GH¢13.0 million to the government for its 21.36 per cent shares in the bank,” he said.

He said the bank had made impressive gains despite slow economic growth being experienced in the global environment.

Mr Forson assured management of the bank that the government would not relent on its quest of improving the economy to ensure that mutual gains for both the bank and government.

The managing director of the bank, Mr SImon Dornoo, was grateful to the government for its support over the years, adding that the bank’s achievement this year was an indication of the good performance and hopes to achieve better feat this year.