Okomfo Anokye Community Bank holds 39th AGM

• bags GH¢6 million profit before tax
• shareholders get 61.5% returns on investment again

Okomfo Anokye Community Bank Plc at Wiamoase in the Sekyere South District of Ashanti Region has recorded a satisfactory growth in all financial indicators in the 2025 year under review.

The Bank posted a pre-tax profit of approximately GH¢ 17.6 million in the 2025 period under review, compared to approximately GH¢ 15.4 million in the previous year, representing 14.09 % growth.

The rise in profit is attributed to improved revenues generated from operations and prudent management of recurrent expenditure, both on the part of the Board, Management and the entire Staff.

By this, the Board of Directors has congratulated management and staff for about GH¢2.1million profit growth which translates in absolute terms and have therefore been urged to work assiduously towards increasing the Bank’s profitability to increase shareholders’ investments.  Directors of the bank have also been commended for their strategic direction and decisiveness in achieving this remarkable success.

Dividend Payment

The Board of Directors has proposed the payment of a dividend-per-share of GH¢0.0123p, which gives a return of 61.5% on the Bank’s current share price of GH¢ 0.002p which the regulator has given its exceptional approval to pay the proposed dividend to shareholders.

It is the hope of the Board of Directors that the Bank’s performance will continue to improve and move towards such a positive direction to enable the continuous payment of dividends in the years ahead.

Stated Capital and Shareholders’ Funds

Following a ruling by the High Court, the Bank annulled GH1¢,397,751 worth
of shares for all shares issued from 2017 to 2024. Consequently, stated capital declined from
GHS2.5million in 2024 to GH¢1.1million in 2025. Shareholders’ Funds also increased by 35.81% in 2024 from about GH¢21.6 million in 2024 to approximately GH¢29.3 million.

Operational Environment

The Chairman of the Board of Directors, Dr Emmanuel Obeng announced these and more at the Bank’s 39th Annual General Meeting of shareholders held last Friday at the church auditorium of   Salvation Army Church at Wiamoase in Ashanti.

According to him, in 2025 year under review, Ghana’s economy experienced a significant recovery, characterised by accelerated GDP growth, sharp disinflation, and currency stabilisation, driven by successful IMF-supported reforms.

Real GDP grew by 6.1% in the first three quarters, with non-oil sectors surging 7.5%, while inflation dropped from 23.8% to 6.3% by November 2025 (Ministry of Finance 2025 economic data).
The policy rate declined from 27% in 2024 to 18% in 2025. This decrease meant a reduction in cost of borrowing in 2025 which affected the income generation of the bank. The headline inflation fell to an over four-year low of 8.0% by October 2025 from 23.80% in 2024.

He revealed that as of mid-2025, Ghana’s 91-day Treasury bill rates showed a significant downward trend, dropping from higher early-year levels to roughly 10.3% – 10.9% by August/September 2025 from 27.73% in 2024 while the 182-day declined from 28.43% in 2024 to 12.37%–14.59% by mid-to-late 2025. The 364-day also declined from 29.95% in 2024 to 12.88% in 2025. These affected Banks in Ghana in terms of income generation for 2025.

In spite of the challenging macroeconomic environment coupled with the high inflationary rate that pertained during the reviewed year, the bank managed to pull yet another impressive operational performance in all key financial indicators supported by enhanced deposit mobilization strategies, prudent cost management and stronger credit risk controls. Revenue streams improved across key business line compared to 2024 as indicated in the table.

Corporate Social Responsibility

The Bank continues to provide support to various state institutions and stakeholders within its catchment areas. Some projects supported within the bank’s catchment areas during the year under review included those of the Local Government, Ghana Education Service (GES), the Ghana Police Service, some government health facilities and support for Farmers’ Day Celebration. For the year 2024, a total of GH¢86,406 was spent on CSR programmes for local communities.

The Board Chairman stressed that the bank is socially responsible and would continue to support projects and engage in environmentally friendly activities in the years ahead. These contributions reflect the Bank’s dedication to community development and its role as a responsible corporate entity.

The Chief Executive Officer of Bank, Paul Kwabena Oduro in an interview with Business & Financial Times, noted that the bank’s foremost priority was to deepen customer confidence and expand deposits.

He explained that management intended to introduce innovative savings products tailored to households, SMEs, and youth entrepreneurs, while leveraging digital platforms to make banking more accessible.

He emphasised that strengthening the deposit base would secure liquidity and create the foundation for responsibly expanding the lending portfolio.

He further stated that the bank’s loan strategy was to balance growth with prudence. He indicated that the bank would intensify support for productive sectors such as agribusiness, trade, and women‑led enterprises, while tightening credit appraisal systems to minimise risk.

He added that financial literacy programs and closer monitoring of loan utilisation would be deployed to reduce defaults and ensure that loans translated into real economic impact. According to him, this dual approach expansion with discipline would allow the bank to grow its loan book sustainably and enhance profitability.

On the issue of share capital, the CEO stressed that a strong capital base was the bedrock of resilience. He disclosed that the bank would embark on a targeted capital mobilisation drive, encouraging existing shareholders to increase their stakes while attracting new investors through transparent governance and consistent performance.

Mr Oduro said that by showcasing the bank’s track record and future potential, Okomfo Anokye Community Bank would position itself as a trusted investment vehicle, meeting regulatory requirements and empowering the institution to seize new opportunities in Ghana’s evolving financial landscape.

Finally, he remarked that profitability remained the ultimate measure of success. He explained that the bank’s strategy was to diversify income streams beyond traditional banking by investing in digital services, fee‑based products, and strategic partnerships.

At the same time, he said management would strengthen cost management, improve operational efficiency, and harness technology to reduce overheads.

He concluded that with deposits fueling growth, loans driving impact, and share capital reinforcing stability, profitability would naturally follow, ensuring that Okomfo Anokye Community Bank continues to thrive and deliver value to shareholders, customers, and the communities the Bank serves.

Post Views: 1