Access Bank Ghana Plc’s AGM Highlights Significant Growth in Income and Assets

Access Bank Ghana Plc Reports Robust Growth in 16th Annual General Meeting
At its 16th Annual General Meeting held in Accra, Access Bank Ghana Plc announced significant financial growth despite a challenging economic environment. The bank’s total assets surged by 22.3%, reaching GHS 12.30 billion from GHS 10.057 billion, while operating income grew by 40% to GHS 1.613 billion. Loans and advances also saw a 42.81% increase.
Board Chairperson Ms. Ama Bawuah highlighted the bank’s resilience amidst macroeconomic instability, praising their use of industry best practices to achieve growth. Digital innovation was a key focus, with the introduction of a virtual relationship management tool and priority desks catering to various international demographics.
Managing Director Olumide Olatunji underscored the bank’s robust performance, noting a 23% increase in deposits to GHS 9.130 billion and a remarkable turnaround in tax remittances, which grew by 509% to GHS 419 million. Shareholders’ funds rose from GHS 1.014 billion to GHS 1.403 billion.
Shareholders re-elected board members and approved all resolutions, celebrating the bank’s commitment to financial inclusion and Ghana’s economic development. General Secretary of the shareholders, Mr. Sampson Ashong, commended the bank for its sustainability initiatives and employee development.
Access Bank Ghana’s AGM showcased its dedication to growth, innovation, and stakeholder value, reinforcing its role in supporting the country’s financial landscape.