GCB Bank Faces Temporary Delay in Dividend Payment Over Regulatory Compliance Issue

Accra, October 20, 2025 — GCB Bank PLC has announced a temporary delay in the payment of its approved dividend for the 2024 financial year due to regulatory compliance issues.

In a statement issued on October 20, the bank explained that it is currently unable to proceed with the dividend payment approved at its Annual General Meeting held on May 2, 2025. The delay, according to GCB, stems from a regulatory matter related to the “single obligor limit” following the conversion of restructured cocoa bills into bonds.

Historically, cocoa bills were treated as treasury bills for regulatory purposes. However, their reclassification into longer-term bonds has changed how they are treated under current guidelines, resulting in temporary non-compliance.

The bank emphasized that it is “actively engaging” with the regulator to resolve the issue swiftly and restore full compliance, expressing confidence in a positive outcome.

“GCB Bank regrets any inconvenience this development may cause and assures shareholders and stakeholders of its unwavering commitment to regulatory compliance, financial soundness, and the protection of shareholder value,” the statement added.

The update was issued by the Corporate Affairs Department of GCB Bank PLC.