Societe Generale (SG) Ghana PLC announced a profit after tax of GHS 397 million for the 2025 financial year. This strong financial performance marks a significant improvement, driven by better macroeconomic conditions and growing investor confidence.
This positive outcome was highlighted at the bank's 46th Annual General Meeting (AGM), held virtually. Improving economic conditions in Ghana contributed significantly to this robust performance. These included lower inflation, easing interest rates, and a stronger local currency. The banking industry also saw its total assets expand by 21.5% during 2025.
This financial rebound fits into Ghana's broader economic recovery narrative for 2025. The global economy, despite geopolitical tensions and lingering inflation, showed resilience with steady growth of approximately 3.3%. This global stability, combined with Ghana's improving environment, provided a fertile ground for the banking sector. Data from the industry shows a decline in the non-performing loan ratio to 18.9% from 21.8% in 2024. This reflects stronger asset quality and improved regulatory oversight within the banking sector.
Board Chair, Margaret Boateng Sekyere, affirmed that the bank's share price grew by 199% over the year. She noted that the share price rose from GHS 1.50 to GHS 4.49 by the end of 2025. Managing Director Hakim Ouzzani added that the GHS 397 million profit was supported by GHS 1.19 billion in net interest income. Net trading income also more than doubled to GHS 122.3 million.
The bank's strong capital and liquidity position, with shareholders' funds reaching GHS 2.60 billion, will enable it to expand lending activities. A Return on Equity (ROE) of 15.1% also signals efficient use of shareholder capital. However, a notable concern raised at the AGM was GHS 9.97 million in unpaid dividends owed to 29,685 shareholders as of May 2026. This issue persists despite a directive from the Securities and Exchange Commission (SEC) for electronic dividend payments. Shareholders must update their records with NTHC Limited or their stockbrokers to receive pending payments.
Looking ahead, SG Ghana aims to continue supporting private sector growth and delivering innovative financial solutions. The bank's focus remains on businesses and households to create sustainable value for shareholders. This strategy is crucial as Ghana's economy continues its recovery trajectory. The stock market and banking investors will closely monitor the bank's performance and efforts to address the lingering issue of unclaimed dividends.