Ga Rural Bank posts GH¢1.9 million profit in 2023

Ga Rural Bank achieved impressive growth in 2023 despite economic challenges. Profit after tax surged by 141.45% to GH¢1.9 million, while total assets grew by 32.96% to GH¢122.8 million.

At the bank’s 32nd annual general meeting, Chairman Fred Tetteh attributed the success to staff dedication. CEO Peter Acquaye highlighted strong credit discipline, balance sheet management, and a 30.73% rise in customer deposits.

ARB Apex Bank’s Managing Director, Alex Kwasi Awuah, praised the bank’s performance, noting its position among top-tier banks in profitability.