Tag: dividends
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Banks urged to meet BoG criteria for dividend payment to shareholders
Banking Consultant, Nana Otuo Acheampong has urged banks to work assiduously to satisfy the six minimum criteria set by the Bank of Ghana as preconditions for the payment of dividends to their shareholders. The Central Bank in a new notice to Banks and Special Deposit Taking Institutions (SDI’s), urged the institutions to desist from declaring…
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BoG to sanction banks, other SDIs for misuse of incentives amidst COVID-19 pandemic
The Bank of Ghana has served notice that it will not fail to sanction banks and other Specialized Deposit Taking Institutions (SDIs) that fail to efficiently utilize its interventions to increase their liquidity to contain the impact of the coronavirus pandemic. At the recently concluded MPC meeting, the central bank announced some major reviews to…
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MTN Ghana’s profit increases to GH¢1bn in 2019
MTN Ghana recorded a profit after tax of one billion cedis for 2019. This is 33.56 percent higher compared to the GH¢754.67 million recorded in the preceding year [2018]. The telecoms company attributes this to an improvement in active data users, growth in smart phones and an increase in data usage. MTN’s total revenue for…
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Stanchart pays GH¢140 million in dividends for 2018
Shareholders of Standard Chartered bank have voted to approve a dividend per share of 1 cedi 4 pesewas for 2018. This represents 7 percent drop compared to the 1 cedi 12 pesewas dividend per share approved in 2016. The total dividends for last year amounted to 140 million cedis. The Board Chairman of Standard Chartered…
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Banks’ recapitalization impacts dividend payment to SSNIT
The Social Security and National Insurance Trust (SSNIT) has disclosed that most banks it is a shareholder in, have been unable to pay dividends for last year due to the increase in the minimum capital requirement. The Director General of SSNIT, Dr. John Ofori Tenkorang explains to Citi Business News this has also affected the…