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Business & EconomyNews

Ecobank Ghana Declares GH₵ 0.34 Final Dividend for 2024

Ecobank Ghana has declared a final dividend of GH₵ 0.34 per share for 2024, with payment set for June 27, 2025. The move signals strong earnings and sector recovery post-DDEP

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Joseph Yoyowah
May 21, 2025

Ecobank Ghana PLC has declared a final dividend of GH₵ 0.34 per share for the 2024 financial year, a move that signals both its strong earnings performance and renewed confidence in Ghana’s recovering banking sector.

The announcement was made via GCB Registrars on May 19, 2025. Subject to shareholder approval at the upcoming Annual General Meeting (AGM), the proposed dividend highlights Ecobank’s solid capital position and earnings resilience.

Ecobank Ghana Declares GH₵ 0.34 Final Dividend for 2024, Signaling Renewed Confidence in Banking Sector

“The payout aligns with the financial sector’s move to balance shareholder returns with regulatory capital requirements following the Domestic Debt Exchange Programme,” the bank noted in its statement.

Shareholders on record as of the close of business on Friday, June 13, 2025, will qualify for the dividend. The ex-dividend date, when shares begin trading without the value of the declared dividend, has been set for Wednesday, June 11, 2025. This means only investors who purchase shares before that date will be eligible for the dividend payout.

To facilitate the processing of dividend entitlements, Ecobank will close its Register of Shareholders from Monday, June 16, to Tuesday, June 17, 2025. The final dividend will be disbursed on Friday, June 27, 2025.

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The GHS 0.34 dividend is seen as a clear sign of confidence from Ecobank’s leadership, particularly in the wake of the economic disruptions caused by the Domestic Debt Exchange Programme (DDEP). Many banks suspended dividend payments during the height of the financial restructuring; however, 2025 has seen a resurgence of payouts, as profitability and capital buffers recover across the sector.

Market analysts view Ecobank’s announcement as part of a larger, optimistic trend. With several Tier 1 banks now reinstating or increasing dividend payments, investor sentiment is gradually improving.

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