By Juliet Aguiar DUGBARTEY
Ankobra West Community Bank recorded strong growth across its key financial indicators in 2025, strengthening its financial position and reinforcing customer confidence.
Deposits grew by 38.15 percent from GH¢77.72million in 2024 to GH¢107.37million in 2025 while net advances surged by 208.72 percent from GH¢21.68million in 2024 to GH¢66.96million for 2025, reflecting the bank’s increased support for businesses and productive sectors within its catchment area.
Also, profit before tax increased by 18.21 percent from GH¢6.38million in 2024 to GH¢7.54million for 2025, while profit after tax rose by 17.64 percent from GH¢4.41million in 2024 to GH¢5.19million for 2025.
Shareholders’ funds also grew, by 44.29 percent from GH¢8.32million to GH¢12million.
The Board Chairman of Ankobra West Community Bank, Dr. Frank Boateng, announced this performance during the bank’s 34th Annual General Meeting (AGM) at Esiama in Western Region
He attributed the growth to increased customer confidence, strong deposit mobilisation and expanded lending activities.
He explained that a key achievement for the bank was strengthening its capital base.
“Stated capital increased by 310.26 percent from GH¢1.33million in 2024 to GH¢5.46million in 2025, enabling the bank to meet the Bank of Ghana’s revised minimum capital requirement for Community Banks ahead of schedule,” he said.
He noted that the bank’s Capital Adequacy Ratio stood at 19 percent, comfortably above the regulatory threshold.
He said the bank also maintained its commitment to community development, investing GH¢415,297 in Corporate Social Responsibility initiatives spanning education, healthcare, traditional authorities and other community-based projects.
“We believe the success of Ankobra West Community Bank is closely linked to the well-being of communities we serve. Community development remains a core part of our business philosophy,” he noted.
The Board Chairman has proposed a dividend payment of GH¢500,000 for shareholders while retaining adequate capital to support future growth and regulatory obligations.
Looking ahead, Dr. Boateng revealed that applications have been submitted to the Bank of Ghana for approval to establish five additional branches in strategic locations.
This, he noted will increase the bank’s network from four to nine branches and expand access to financial services across underserved communities.
The Executive Director-Association of Community Banks (ACB)Ghana, Solomon Amankwa, commended the bank’s performance and attributed it to sound governance, prudent leadership and operational efficiency.
He urged Community Banks nationwide to strengthen corporate governance, risk management and regulatory compliance as the sector undergoes reforms aimed at enhancing financial stability, resilience and inclusion.
He commended Ankobra West Community Bank for its strong financial performance in 2025, saying its growth in assets, deposits, loans and profitability are evidence of prudent management and growing customer confidence.
He announced that 2026 marks 50 years of Rural and Community Banking in Ghana.
The post Ankobra West Community Bank records impressive growth across key indicators appeared first on The Business & Financial Times.
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