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The Ministry of Finance commended the GCB Bank for the steady and steady increase in dividend payments to government and other shareholders despite the challenges of Covid-19.
This follows a dividend of 14.5 million yen paid by the bank to the government for the fiscal year 2020, as part of the Covd-19.
According to Deputy Finance Minister John Kumah, who received the check on behalf of the government, other state-owned enterprises and joint ventures are expected to emulate GCB Bank.
“I would like to take this opportunity to urge all state-owned enterprises, JVCs and mining companies that have declared dividends to take responsibility for the government and its shareholders”
He said that GCB Bank has shown steady growth despite slowing economic growth.
“Let me congratulate the board, management and staff of GCB Bank Limited for all of these impressive gains despite the slow economic growth in the global environment following Covid-19. “
He assured the board and management of the continued support of the government bank, urging them to maintain and improve this performance.
GCB Bank has paid a total of 69.62 million yen in dividends to the government since 2017.
GCB Bank Managing Director, Kofi Adomakoh, for his part said that despite the difficult year in 2020, GCB has always led the way in providing support to the economy and to all Ghanaians.
He added that the bank will continue to support the economy by helping businesses recover after covid-19.
GCB Bank increased its pre-tax amount in 2020 by 6.48% to 611 million euros. Total bank income increased 25% to 1.96 billion yen despite the Covid-19 pandemic and the associated impact on businesses and the economy in general
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