Juaben Rural Bank Proposes GH¢2.6 Million Dividend at 39th Annual General Meeting

Juaben Rural Bank PLC has announced a proposed dividend payment of GH¢2,614,015.04 at its 39th Annual General Meeting (AGM), reflecting strong financial growth and a commitment to delivering value to shareholders. The dividend, equivalent to GH¢0.14 per share, is double the amount paid last year and represents 29.88% of the Bank’s profit after taxation, offering a 28% return on investment.

Board Chairman’s Report

Delivering the Board Chairman’s report, Nana Dr. Appiagyei Dankawoso I welcomed distinguished shareholders, traditional authorities, invited guests, and the press. He presented the Bank’s Annual Report and Financial Statements for the year ended 31st December 2024, highlighting a challenging but rewarding operating environment. Key economic indicators included a GDP growth of 5.7%, inflation of 23.8%, and a policy rate of 27% during the year under review. Treasury bill rates recorded slight declines compared to 2023, reflecting macroeconomic adjustments.

Nana Dr. Dankawoso I reported that as of November 2025, the Bank’s profit after taxation reached GH¢8,748,424.00

On governance, the Chairman noted that he and First Vice Chairman Mr. Stephen Acheampong would be retiring after serving over nine years on the Board. He emphasized that elections would be held to appoint up to four new Directors, in line with the Bank of Ghana’s Corporate Governance Directive, which requires at least one female Director for gender diversity.

Highlighting operational achievements, Nana Dr. Dankawoso I announced the opening of the Bank’s twelfth branch at Atonsu in Kumasi, strategically located to provide both face-to-face and automated banking services. He also highlighted the Bank’s innovative approach, earning accolades both locally and internationally, including the Financial Inclusion Excellence Awards in Kuala Lumpur, Malaysia, and the Eminent Achievement Awards hosted by UPSA’s Faculty of Accounting and Finance.

On Corporate Social Responsibility, he reported that the Bank spent GH¢298,701.00 supporting scholarships, farmers’ day celebrations, security initiatives, community development, health projects, and educational institutions. The Bank also planted over 10,000 trees in the first year of its Green Banking Initiative, aiming for 40,000 trees to support environmental sustainability.

Concluding, Nana Dr. Dankawoso I expressed gratitude to the Omanhene of the Juaben Traditional Area, regulatory authorities, shareholders, management, and staff for their support, and wished everyone a Merry Christmas and a prosperous New Year.

CEO’s Report

Following the Chairman’s report, CEO Mr  Augustine Awere expressed gratitude to customers and stakeholders for their loyalty and support during the festive season. He highlighted that gifts to customers had improved significantly compared to last year, making this year particularly special.

Mr  Awere noted that the Bank’s focus extends beyond profit-making, emphasizing its commitment to positively impacting communities. The Bank’s Green Banking Initiative has contributed to national development through tree planting, guided by the principle: “When the last tree dies, the last man dies.”

He also revealed that Nana Otuo Siriboe II, the Omanhene of the Juaben Traditional Area, donated 12 plots of land to the Bank to develop a well-equipped market, which will boost local business and economic activity.

Mr Awere further highlighted that due to the Bank’s reputation for excellent service and positive impact, many people have expressed interest in partnering with or working for the organization. He concluded by wishing all stakeholders, customers, and staff a Merry Christmas and a prosperous New Year.