Ghana: GCB revenue hits GH¢2.75bn in 9 months; makes GH¢830m profit

Posted by - November 3, 2023

Indigenous lender, Ghana Commercial Bank, saw its total operating revenue rise to GH¢2.75 billion in the third quarter of 2023 a 30 percent increase over the GH¢2.1 billion recorded during the comparable period of 2022. The performance was underpinned by growth across all the key revenue lines, with pre-tax profit during the period under consideration

Ghana: GCB plans to generate GH¢1bn through capital market fundraising

Posted by - August 8, 2023

The Managing Director of GCB Bank PLC, Kofi Adomakoh has revealed the bank’s intention to raise GH¢1 billion from the capital market to strengthen its capital. This decision comes after the approval of its shareholders and is prompted by the impact of the Domestic Debt Exchange Programme (DDEP), which has reduced the bank’s capital. Speaking

GCB Bank unveils comprehensive turnaround plan to revitalize operations

Posted by - June 30, 2023

One of the leading banks in Ghana, GCB Bank has held its annual general meeting on Friday, June 30, 2023. The Managing Director of the bank, Kofi Adomakoh, addressed the bank’s financial performance in 2022 and outlined the challenges faced by the bank and the overall operating environment. The bank’s financial performance in 2022 reflected

GCB Bank partners Resilient Ghana to support youth led Small and Medium Enterprises (SMEs)

Posted by - February 22, 2022

GCB Bank PLC continues to show its strong commitment to empowering the youth and SMEs, especially after the devastating economic effects of the Covid-19 pandemic. The Bank has disbursed GH₵100,000 as support to Resilient Ghana to provide a platform that challenges and empowers the youth to identify, create and present innovative solutions to real-life problems