Labadi Beach Hotel pays record GH¢16.5m dividend to SSNIT

Ghana's top five-star destination, Labadi Beach Hotel, has paid GH¢16.51 million as dividend to its sole shareholder, the Social Security and National Insurance Trust (SSNIT). 

Presenting the check at its Annual General Meeting (AGM) recently, the Managing Director of Labadi Beach Hotel, David Eduaful, said the feat was a remarkable one that underscored the hotel’s unwavering commitment to excellence, and solidified its position as the flagship of Ghana’s hospitality industry.

 “Our success reflects our dedication to delivering unparalleled experiences and value to our stakeholders,” he said. Mr Eduaful, who is also the CIMG Marketing Man of the Year 2023, declared: “Every accolade and satisfied guests are testament to the passion and commitment of our entire team.”

Triumph, recognition

The year has been one of triumph and recognition for the hotel. The hospitality facility was honoured with prestigious awards, including the CIMG Hospitality Facility of the Year 2023, Five-Star Hotel of the Year (both Regional and National) from the Ghana Tourism Authority and the Hospitality Company of the Year, by Globe Productions.

Each award celebrates the hotel’s dedication to creating memorable experiences for both local and international guests, affirming its place as a benchmark of luxury and service in
 Ghana and West Africa.

 “We’re excited about what’s ahead,” said Eduaful. “With the support of our Board and the resilience of our team, Labadi Beach Hotel is poised to scale new
 heights, redefining excellence and luxury at every turn.” 

Strategic vision

The Board Chairman of Labadi BeachHotel,Professor Douglas Boateng, commended the hotel’s strategic vision and governance.

“Strong corporate governance, minimal interference from the sole shareholder,SSNIT,coupled with a commitment to quality,have been the foundation of Labadi Beach Hotel’s
achievements,” the board chairman stated.

Prof.Boateng reiterated that the milestone was a testament to what could be accomplished when an organisation was guided by excellence and sound governance principles.

Looking to the future,Labadi Beach Hotel’s management said the facility aimed to continue setting new benchmarks in Ghana’s hospitality sector.

It said as it surged with a focus on strategic growth and innovation,the hotel’s vision was clear: to redefine industry standards while upholding the trust placed in the team by shareholders, partners and guests alike.

Labadi Beach Hotel stands as a model of success in Ghanaian hospitality, dedicated to raising the bar in every aspect of its operations.