Ecobank Ghana PLC has approved a final dividend of GH₵0.34 per share for the 2024 financial year, pending formal ratification at its upcoming Annual General Meeting. The move comes as the bank reported impressive full-year financial results, including GH₵5.4 billion in revenue and GH₵2.4 billion in profit before tax, marking a remarkable 139.3% year-on-year increase.
Strong Growth and Financial Resilience
- Total assets surged by 36.7%, reaching GH₵46.0 billion, while the capital adequacy ratio stood at a healthy 17.03%, well above the minimum regulatory threshold of 10%
- Customer deposits grew by 23.2% to GH₵32.5 billion, supported by disciplined cost control and sound risk management practices
- The bank maintained an efficient cost-to-income ratio of 36.8%, with return on average equity at 38.0% and return on assets at 4.3%
Board Chairman Samuel Ashitey Adjei noted that the bank’s resilience stemmed from sustainability initiatives, strong capital and risk management, and diversified income sources.
Investing in Technology and Customer Service
Ecobank Ghana continues to enhance its technological footprint. Initiatives include upgrading ATMs with denomination selection options and integrating AI and data analytics to improve online banking services and customer experiences.
Next Steps & Shareholder Timelines
- Record Date: Shareholders on record by COB Friday, June 13, 2025, are eligible.
- Ex-Dividend Date: To qualify, shares must be purchased before June 11, 2025.
- Register Closure: Monday, June 16 to Tuesday, June 17, 2025.
- Payment Date: Dividend to be paid on Friday, June 27, 2025
The decision reflects a broader sector recovery following the challenging Domestic Debt Exchange Programme (DDEP), which saw several banks suspend dividends. Analysts believe Ecobank’s return to payouts signals renewed confidence and stabilising balance sheets across Ghana’s banking industry.
Outlook for 2025
Managing Director Abena Osei‑Poku affirmed the bank’s readiness to build on this momentum. With ongoing economic recovery, Ecobank Ghana aims to capitalize on emerging opportunities to deliver sustained performance and stakeholder value in 2025.
Ecobank Ghana’s financial results and dividend decision underscore resilience in the face of macroeconomic turbulence, and its technological and operational investments signal a forward-looking strategy. Shareholders are set to benefit directly from a robust payout scheduled for later this month.
