Ghana: Labadi Beach Hotel Pays GH¢16.51 Million Dividend to SSNIT

Ghana’s premier five-star destination, Labadi Beach Hotel, has paid GH¢16.51 million in dividends to its sole shareholder, the Social Security and National Insurance Trust (SSNIT). The presentation of the dividend check occurred at the hotel’s Annual General Meeting (AGM), where Managing Director David Eduaful highlighted the hotel’s unwavering commitment to excellence and its standing as the flagship of Ghana’s hospitality industry.

“Our success reflects our dedication to delivering unparalleled experiences and value to our stakeholders,” said Eduaful. Recognized as the CIMG Marketing Man of the Year 2023, Eduaful added, “Every accolade and satisfied guest is a testament to the passion and commitment of our entire team.”

This year has been particularly triumphant for Labadi Beach Hotel, which garnered prestigious awards such as the CIMG Hospitality Facility of the Year 2023, Five-Star Hotel of the Year (both Regional and National) from the Ghana Tourism Authority, and Hospitality Company of the Year by Globe Productions. These accolades underscore the hotel’s dedication to creating memorable experiences for both local and international guests and affirm its position as a benchmark of luxury and service in Ghana and West Africa.

Board Chairman Professor Douglas Boateng commended the hotel’s strategic vision and governance. He noted that strong corporate governance, minimal interference from SSNIT, and a commitment to quality have been the foundation of Labadi Beach Hotel’s achievements. Boateng reiterated that this milestone is a testament to what can be accomplished when an organization is guided by excellence and sound governance principles.

Looking ahead, Labadi Beach Hotel’s management is focused on setting new benchmarks in Ghana’s hospitality sector. The hotel aims to redefine industry standards with a focus on strategic growth and innovation, while maintaining the trust placed in the team by shareholders, partners, and guests alike.