Announcement • Mar 31
Republic Bank (Ghana) PLC, Annual General Meeting, Apr 23, 2026 Republic Bank (Ghana) PLC, Annual General Meeting, Apr 23, 2026. Location: republic court, independence avenue, ridge roundabout, accra Ghana Announcement • May 29
Republic Bank (Ghana) PLC, Annual General Meeting, Jun 25, 2025 Republic Bank (Ghana) PLC, Annual General Meeting, Jun 25, 2025. Announcement • Feb 27
Republic Bank (Ghana) PLC Appoints Mr. Jonathan Prince Cann as the New Board Chairman Republic Bank (Ghana) PLC announced the appointment of Mr. Jonathan Prince Cann as the new Board Chairman of the company, effective 20 February 2025, following the approval of the Bank of Ghana. Mr. Cann succeeds Mr. David Addo Ashong, who has diligently served in an acting capacity since August 2023. Mr. Jonathan Cann is an astute Management Consultant specializing in Governance, Risk Management and Compliance (GRC). He also specializes in Organizational & Business Development including supporting SMEs and other corporates in structuring, restructuring, and developing management systems and capacities across industries. He is a Chartered Accountant by profession and holds an MBA in Financial Services from the University of East London (UEL) and a Bachelor of Commerce (BCom) from the University of Cape Coast (UCC), Ghana. He holds several professional certifications in ISO Standards and Risk Management. Jonathan is the founder and Managing Director of JPCann Associates Limited and its subsidiaries. Mr. Cann brings a wealth of experience and strategic leadership to the Republic Bank (Ghana) PLC Board which he joined in June 2024 and served as Chairman of the Audit Committee. His appointment reaffirms the bank's commitment to strengthening corporate governance and driving sustainable growth in the financial sector. His extensive expertise will be instrumental in guiding the Bank's strategic direction, reinforcing its position as a market leader, and supporting its long-term vision of financial inclusion and economic development in Ghana. Announcement • Jan 17
Republic Bank (Ghana) PLC plc Appoints Venus Francis Frith as Chief Operating Officer Republic Bank (Ghana) PLC, has appointed Mr. Venus Francis Frith as the Chief Operating Officer (COO) of the Bank. Mr. Frith assumed the role on the 20th of December 2024 after the Bank of Ghana's approval. As the Chief Operating Officer, Mr. Frith will directly supervise Republic Trust, Corporate Banking, Custody and International Trade Services whilst providing key support to the Managing Director and oversight responsibilities in various segments of the Bank in his absence. Mr. Frith has over two decades of banking experience, working with Republic Bank Limited, Trinidad & Tobago since 2000. He has risen through the ranks from apprenticeship to a General Manager role. Prior to joining Republic Bank (Ghana) PLC, he was the General Manager, of Credit at Republic Bank (Guyana) Limited. His technical skills span various business areas including Operations, Retail Lending, Commercial/Corporate Lending, Risk Management and Investment Banking. Mr. Frith holds a BSc. Banking & Finance and an MSc. in International Finance. Reported Earnings • Oct 18
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: GH₵198.6m (up 39% from 3Q 2023). Net income: GH₵41.3m (up GH₵36.6m from 3Q 2023). Profit margin: 21% (up from 3.3% in 3Q 2023). The increase in margin was driven by higher revenue. New Risk • Sep 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Ghanaian stocks, typically moving 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.1% average weekly change). Market cap is less than US$100m (GH₵511.2m market cap, or US$32.5m). Announcement • Aug 29
Republic Bank (Ghana) PLC, Annual General Meeting, Sep 19, 2024 Republic Bank (Ghana) PLC, Annual General Meeting, Sep 19, 2024. Location: accra city hotel, barnes road, accra, Ghana Reported Earnings • Jul 20
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: GH₵205.5m (up 18% from 2Q 2023). Net income: GH₵48.6m (up 31% from 2Q 2023). Profit margin: 24% (up from 21% in 2Q 2023). The increase in margin was driven by higher revenue. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: GH₵0.16 (vs GH₵0.075 loss in FY 2022) Full year 2023 results: EPS: GH₵0.16 (up from GH₵0.075 loss in FY 2022). Revenue: GH₵686.0m (up 122% from FY 2022). Net income: GH₵140.0m (up GH₵203.7m from FY 2022). Profit margin: 20% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Jul 01
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 2 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Paul Aryene was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 25
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 2 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Paul Aryene was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Paul Aryene was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: GH₵126.7m (up 26% from 3Q 2021). Net income: GH₵26.6m (up 35% from 3Q 2021). Profit margin: 21% (up from 20% in 3Q 2021). The increase in margin was driven by higher revenue. Announcement • Sep 02
Republic Bank (Ghana) PLC Appoints Ray Klien as Chief Operating Officer Republic Bank Ghana appointed Mr. Ray Klien as the Chief Operating Officer (COO) of the Bank. Mr. Klien assumed the role on the 15th July of 2022 after the Bank of Ghana’s approval. As the Chief Operating Officer, Mr. Klien will be providing oversight responsibilities on Corporate Banking, Treasury, International Trade, Custody Services and the Republic Trust Limited Company. Commenting on the appointment of Mr. Klien, the Managing Director of Republic Bank, Mr. Benjamin Dzoboku, expressed his warm welcome on behalf of the Board of Directors, Management and Staff whilst pledging to his support to Mr. Klien in the discharge of his duties. Mr. Klien expressed his enthusiasm about his appointment and commitment to working with the Republic Bank Ghana team to achieve excellence. Profile of Ray Klien Mr. Ray Klien has over 15 years of experience in Investment Banking, Private Banking & Wealth Management and Corporate Banking. He joined Republic Bank Limited, Trinidad & Tobago, in 2016 as Head of the Investment Banking Division. He was responsible for leading strategic mergers & acquisition transactions in the Caribbean for the RFHL Group. He later went on secondment to Republic Bank Cayman Limited (George Town, Grand Cayman) as Senior Investment Manager, Securities Investment Business Unit. His technical skills span various business areas, including Corporate Strategy, Credit Analysis, Loan Syndications, Equity & Credit Derivatives, Project Finance, Organizational Leadership etc. He has been key in leading the RFHL Group’s sustainability initiatives and commitments, including Principles of Responsible Banking and Climate Finance. Prior to joining Republic Bank, Trinidad & Tobago, he was Vice President - Citi Global Private Bank, New York (Citigroup). He has also worked as an Associate Private Wealth Advisor for Ultra High Net Worth Clients Bank, New York; Morgan Stanley as Manager of Product Development and Strategy; and Research Analyst for Amalgamated Capital Partners, New York. Mr. Klien holds a BA in Economics (Brooklyn College of the University of New York) and an MBA in Finance from the Columbia University. Board Change • Aug 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Paul Aryene was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jul 28
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Paul Aryene was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jul 13
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Paul Aryene was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jun 21
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Paul Aryene was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jun 03
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Paul Aryene was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • May 12
Republic Bank (Ghana) plc Recommends Final Dividend for the Financial Year 2021, Payable on May 12, 2022 Republic Bank (Ghana) PLC announced that the Company’s Directors will be recommending to the shareholders at the upcoming Annual General Meeting, the payment of a final dividend of GHS 0.025 per share for the 2021 financial year. All shareholders registered in the books of RBGH at the close of business on 6th April, 2022 will qualify for the final dividend. The Register of shareholders will be closed from 7th April 2022 to 13th April 2022 (both dates inclusive). The final dividend will be paid from 12th May 2022. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Paul Aryene was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 21
First quarter 2022 earnings released First quarter 2022 results: Revenue: GH₵121.6m (up 25% from 1Q 2021). Net income: GH₵30.0m (up 19% from 1Q 2021). Profit margin: 25% (down from 26% in 1Q 2021). The decrease in margin was driven by higher expenses. Upcoming Dividend • Mar 28
Upcoming dividend of GH₵0.023 per share Eligible shareholders must have bought the stock before 04 April 2022. Payment date: 12 May 2022. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of Ghanaian dividend payers (9.6%). Higher than average of industry peers (3.7%). Reported Earnings • Mar 03
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: GH₵0.10 (up from GH₵0.066 in FY 2020). Revenue: GH₵405.6m (up 23% from FY 2020). Net income: GH₵88.2m (up 56% from FY 2020). Profit margin: 22% (up from 17% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 33%. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Feb 04
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Paul Aryene was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 07
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Paul Aryene was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 23
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: GH₵100.6m (up 35% from 3Q 2020). Net income: GH₵19.7m (up 143% from 3Q 2020). Profit margin: 20% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Board Change • Aug 31
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Paul Aryene was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 03
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Paul Aryene was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 23
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: GH₵96.4m (up 37% from 2Q 2020). Net income: GH₵20.4m (up 211% from 2Q 2020). Profit margin: 21% (up from 9.3% in 2Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Mar 28
Full year 2020 earnings released: EPS GH₵0.066 (vs GH₵0.092 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: GH₵329.9m (up 1.9% from FY 2019). Net income: GH₵56.4m (down 28% from FY 2019). Profit margin: 17% (down from 24% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Executive Departure • Mar 12
Non-Executive Director has left the company On the 28th of February, David Dulal-Whiteway's tenure as Non-Executive Director ended after 7.9 years in the role. We don't have any record of a personal shareholding under David's name. David is the only executive to leave the company over the last 12 months. Announcement • Mar 11
Republic Bank (Ghana) PLC Announces Resignation of David Dulal-Whiteway, from the Board RBGH announced to the general investing public that Dr. David Dulal-Whiteway resigned from the board of Republic Bank (Ghana) PLC with effect from 28th February 2021. His resignation is as a result of his taking on an appointment as Board Chairman in a competitor Bank in Trinidad &Tobago. 
