Audio By Carbonatix
The Managing Director of Ghana Commercial Bank (GCB), Simon Dornoo is confident that the bank will end the year with bigger profit margins.
GCB is the only Ghanaian bank to have made it into the first 100 in the Africa report which ranks the performance of banks on the continent.
GCB has also made serious strides in Ghana’s banking industry hoping to improve upon last year’s profits which were up by nearly 200 percent.
Already the third quarter results from most of the banks are showing profitability.
The managing director of GCB, Simon Dornoo in an interview with Citi Business News said with the following financial results coming through so far, the bank is likely to post good result this year as well.
“The statistics show that the economy is growing at about 13 percent and if the indications are right, obviously it is an opportunity for banks in Ghana and we want to be part of it by repositioning ourselves for that. ”
“It is pretty obvious that we have the biggest balance sheet and that is the strength we need to leverage and we are only doing this to make banking easier for our customers." he added
Ghana Commercial Bank Ltd is now the largest indigenous Bank with 131 branches nation-wide.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Assin Kyekyewere Court acquits 3 men in attempted robbery trial
2 minutes -
Mobile Money Fintech shareholders approve Q1 dividend at Extraordinary General Meeting (EGM)
6 minutes -
BoG extends deadline for IMTOs registration; warns IMTOs that fail to register
6 minutes -
Asante Gold to reforest 800 hectares of degraded Tano-Suraw Forest land
10 minutes -
Playback: Newsfile discussed Wontumi’s plea deal, Sedina Tamakloe’s woes, Afari Hospital standoff, Mahama rating
30 minutes -
GSE indices maintain positive momentum in May 2026, but 12 stocks record losses
31 minutes -
Mahama’s approval ratings dip reflect public mood, not surprising — Bomfeh
50 minutes -
Dr Arthur Kennedy slams NPP over failure to complete Afari Hospital, demands apology
1 hour -
Kwabena Bomfeh urges gov’t to intensify reshuffles and complete stalled health projects
1 hour -
Akyem Kotoku seeks stronger Parliament- traditional authority collaboration
1 hour -
HR practitioners urged to play strategic role at workplaces
1 hour -
Ghana must prioritise local cashew processing to unlock jobs, boost export earnings – ACPG
1 hour -
CIHRM urges HR professionals to uphold ethics and accountability as Act 1020 takes full effect
2 hours -
Ghana pitches upstream oil and gas opportunities to Canadian investors at Global Energy Summit
2 hours -
Bail or presidential pardon for Sedina would deepen perceptions of unequal justice — Dr Kennedy
2 hours