This brings the total dividend payment to GH¢ 400 million.
The declaration, made during a virtual Extraordinary General Meeting (EGM) marks a significant turning point for Ghana’s banking industry, boosting investor confidence in the financial industry sub-sector of the economy.
The Bank of Ghana in a January 2023 directive instructed banks to suspend dividend payments. This move was aimed at helping financial institutions weather the storm caused by the DDEP.
Ebenezer Asante Twum, the Board Chair of Standard Chartered Bank Ghana PLC, revealed at the bank’s annual general meeting in July that Standard Chartered had received the green light from the central bank to proceed with the dividend distribution.
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