Standard Chartered Bank Ghana PLC has declared a total dividend payout of GH¢227.94 million to its shareholders, following the release of its financial report for the year ended December 31, 2024. The announcement was made during the bank’s 55th Annual General Meeting (AGM) held in Accra.
According to the bank, this dividend includes GH¢1.67 per ordinary share, amounting to GH¢225.16 million, and GH¢2.77 million in preference share dividends. The announcement is seen as a sign of confidence in the bank’s stability and long-term outlook, despite ongoing economic and geopolitical challenges globally.
The AGM was led by the Chairman of the Board of Directors, Mr. Ebenezer Twum Asante, who spoke highly of the bank’s performance in 2024. He said Standard Chartered Bank Ghana had remained resilient in the face of economic headwinds and maintained a clear focus on long-term shareholder value.
“Standard Chartered is well-positioned with a robust business model, a trusted global brand, and a highly dedicated team,” Mr. Asante said. “We are confident in our ability to unlock shareholder value and drive sustained growth in this dynamic environment.”
He further emphasized the importance of strong corporate governance, proactive risk management, and operational resilience, noting that the bank continues to adapt quickly to changing macroeconomic conditions while keeping long-term strategic goals in view.
Also speaking at the meeting was the bank’s Chief Executive Officer, Ms. Mansa Nettey, who echoed the board chairman’s optimism and highlighted the bank’s focus on inclusive growth, innovation, and client engagement. She stressed that the bank’s strategic priorities are tailored to withstand external shocks while delivering sustainable financial results.
“We will continue to execute our strategy within a defined risk appetite, aimed at boosting our ability to withstand external shocks while driving strong, safe, and long-term sustainable growth,” Ms. Nettey said.
She also highlighted the importance of enhancing client service and building strong shareholder value through a tailored approach. “As a bank, we remain deeply engaged with our clients, helping them position themselves for future success,” she added.
Standard Chartered Ghana has a long and proud history in the country, having operated for over 129 years. The bank continues to play a central role in Ghana’s financial sector, providing a range of services across corporate, investment, and retail banking.
According to Ms. Nettey, the bank is leveraging its global network and innovative solutions to drive growth in key segments such as Corporate and Investment Banking and Wealth and Retail Banking. She noted that the bank’s integrated cross-border capabilities and wealth management services are well suited for Ghana’s growing affluent segment.
The financial performance for the 2024 financial year, she said, reflects a balanced approach between risk management and return generation. This approach has enabled the bank to reward shareholders, even in the midst of broader macroeconomic and global challenges.
“Our priorities remain clear,” she concluded, “to enhance client service, deliver strong shareholder returns, and contribute meaningfully to the communities we serve.”
The bank’s AGM came at a time when many financial institutions in Africa are grappling with difficult global conditions, including currency fluctuations, inflation, and rising operational costs. However, Standard Chartered Ghana has remained focused on its fundamentals, with solid earnings, efficient operations, and a strong capital base.
Industry analysts believe the bank’s consistent dividend payout and strategic focus on growth areas indicate confidence in its long-term prospects. The commitment to innovation and client service has helped maintain strong relationships with key clients across industries.
The AGM also gave shareholders the opportunity to review the bank’s financial statements, ask questions, and understand the roadmap for 2025 and beyond. Shareholders welcomed the dividend declaration and praised the bank’s leadership for maintaining transparency and a clear focus on shareholder value.
As Ghana continues to pursue economic stability and growth, institutions like Standard Chartered Bank Ghana PLC are expected to play a crucial role in financing businesses, supporting trade, and enabling financial inclusion across all sectors.
