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In commemoration of the Bank's 60th anniversary celebration, the Board of GCB had recommended the payment of interim dividend of GHC0.04 per share to shareholders in respect of the 2013 financial year.
Presenting the cheques, Mr. Simon Dornoo, Managing Director of GCB said the Bank has been able to live up to the expectation of shareholders by paying dividends as a result of its strong performance.
The Managing Director, referred to this sterling performance of the Bank and how that has impacted on taxes paid by GCB which shot to GHC50.0m in Y2012 from GHC13.0m in Y2011.
"This is an indication of how a strong performance can contribute to the socio-economic development of the nation", Mr. Dornoo added.
He thanked the Ministry of Finance for its continued support and said this collaboration can help transform GCB into one of the best performing banks in Ghana and Africa.
Mr. Cassiel Ato Forson, the Deputy Minister of Finance who received the cheques commended GCB for the consistency and steady increase in dividend payment to its shareholders including Government over the past two years.
The Y2012 dividend of GHC7,925,205.82 represents a 100 per cent increase above Year 2011 which was GHC3.9million.
He recalled when in 1996 under the economic recovery programme the Government divested 78.64% of its shares to institutional and individual holdings leaving it with 21.36% ownership to date.Since then the Bank has posted a number of impressive results he said.
Mr. Forson commended the Board, Management and Staff for these impressive gains despite the slow economic growth being experienced in the global environment.
"Government, he said, will not relent on its quest in improving the economy to ensure that we both gain from your activities", the Dy. Minister assured GCB.