SG Ghana Posts GH¢397m 2025 Profit

Société Générale Ghana has reported a robust financial performance for the 2025 financial year, posting a profit after tax of GH¢397 million, supported by improving macroeconomic conditions and renewed investor confidence in Ghana’s banking sector.

The results were presented at the bank’s 46th Annual General Meeting (AGM), held virtually and streamed from its head office to shareholders and stakeholders nationwide.

Board Chair, Margaret Boateng Sekyere, said the global economy demonstrated resilience in 2025 despite geopolitical tensions, tighter trade policies and persistent inflationary pressures. She noted that global growth remained steady at about 3.3 percent, supported by easing financial conditions and fiscal stimulus in major economies.

Stronger Ghana macro conditions support banking performance

She also pointed to Ghana’s improving economic environment, which contributed to stronger performance across the banking industry.

According to her, total banking sector assets expanded by 21.5 percent during the year, while the non-performing loan ratio declined to 18.9 percent from 21.8 percent in 2024, reflecting improved asset quality and stronger regulatory oversight.

The Board Chair further reported a significant appreciation in the bank’s share price, which rose by 199 percent over the review period, increasing from GH¢1.50 at the beginning of the year to GH¢4.49 by the end of 2025.

“This reflects strong investor confidence in the Bank’s long-term strategy and growth trajectory,” she said.

Profit growth driven by strong income performance

Managing Director, Hakim Ouzzani, attributed the performance to improved macroeconomic conditions, including easing inflation, lower interest rates and currency stability.

The bank recorded profit after tax of GH¢397 million, supported by net interest income of GH¢1.19 billion and a more than twofold increase in net trading income to GH¢122.3 million.

“Societe Generale Ghana delivered a resilient performance in 2025, underpinned by strong revenue growth, disciplined risk management and continued operational efficiency,” he stated.

Shareholders’ funds increased to GH¢2.60 billion, while return on equity stood at 15.1 percent, reflecting strengthened capital position and improved profitability.

The Managing Director added that the bank continued to invest in digital innovation, customer-focused initiatives and product expansion to enhance service delivery and deepen financial inclusion.

Dividend payment challenges persist

A major issue discussed at the AGM was the transition to mandatory electronic dividend payments, following a directive by the Securities and Exchange Commission Ghana effective February 1, 2024.

The directive requires all listed companies to pay dividends electronically through bank transfers or mobile money systems.

Despite compliance efforts, the bank reported a significant volume of unclaimed dividends. As of May 2026, approximately GH¢9.97 million remained unpaid, affecting 29,685 shareholders, according to data from registrar NTHC Limited.

The Board Chair urged affected shareholders to update their records with NTHC Limited or their stockbrokers to facilitate payment through approved electronic channels.

Shareholders approve strategy and governance decisions

Shareholders at the AGM approved the bank’s audited financial statements for the year ended December 31, 2025, along with directors’ and auditors’ reports.

They also approved directors’ fees, re-elected existing non-executive directors, appointed new directors, and authorized the board to determine external auditor remuneration.

The meeting ended on a positive note, with shareholders expressing confidence in the bank’s strategic direction and long-term growth outlook.

The bank reaffirmed its commitment to supporting Ghana’s economic recovery through expanded lending, innovation, and sustainable value creation for customers and shareholders.