Story by Yaaba Yamikeh, Esiama
The Board Chairman of Ankobra West Community Bank PLC, Dr. Frank Boateng, says the bank delivered an outstanding performance in the 2025 financial year, recording strong growth, resilience, and sound strategic management.
Presenting his report at the bank’s 34th Annual General Meeting in Esiama, Dr. Boateng said the bank earned national and continental recognition, including the African Summit’s Most Outstanding Rural Bank award and the Ghana Business Standards Rural Bank of the Year award. The bank’s Chief Executive Officer, Mr. Henry Kweku Yankson, also received awards for his leadership.
Dr. Boateng attributed the achievements to the dedication of staff, the board’s strategic direction, and the continued support of shareholders and customers. He expressed confidence that the bank would become one of Ghana’s leading community banks before the end of his tenure.
He described 2025 as a landmark year for both the bank and Ghana’s economy, citing improved macroeconomic conditions, stronger investor confidence, and gains across the financial sector.
Assets
The bank’s total assets increased by 41.13 percent to GH¢132.74 million, while deposits rose by 38.15 percent to GH¢107.37 million. Net advances grew by 208.72 percent to GH¢66.96 million, reflecting expanded lending to productive sectors. Stated capital rose by 310.26 percent to GH¢5.46 million, exceeding the Bank of Ghana’s minimum capital requirement, while the Capital Adequacy Ratio stood at 19 percent.
Although operating expenses increased by 59.23 percent, surpassing operating income growth of 45.74 percent, Dr. Boateng said the board remains committed to strict cost management.
The bank invested GH¢415,297 in corporate social responsibility initiatives, including support for traditional authorities, educational institutions, health programmes, welfare activities, and community development projects.
Dividends
The board has proposed a dividend of GH¢500,000 for shareholders while maintaining sufficient capital to support future growth and meet regulatory requirements.
Dr. Boateng also announced plans to open five additional branches, subject to Bank of Ghana approval, which would increase the bank’s network to nine locations. He said the expansion would deepen financial inclusion and strengthen the bank’s presence across its catchment area.
In addition, the bank has approved a technology investment roadmap focused on upgrading its core banking system, expanding digital services, and enhancing cybersecurity and data protection.
