By Mildred Siabi-Mensah
Shama (W/R), June 2, GNA – The Lower Pra Community Bank PLC in the Shama District of the Western Region recorded strong financial performance in the year 2025.
Profit before tax rose to GH¢35.1 million, representing a 61.14 per cent increase over the previous year. Total assets also grew by 30 per cent from GH¢379 million in 2024 to GH¢491.7 million in 2025.
The bank’s Capital Adequacy Ratio stood at 22.17 per cent, surpassing the Bank of Ghana’s regulatory requirement of 13 per cent.
Madam Felicia Aba Dawood, Chairperson of the Board of Directors, announced this at the 38th Annual General Meeting of the bank.
She attributed the growth to strong recovery efforts, prudent management practices, and strategic repositioning.
Madam Dawood said the bank had repositioned itself to improve loan accessibility, enhance operational efficiency, and expand digital income streams to protect profitability and shareholder value, adding that it would remain vigilant in sustaining the gains.
She noted that the Non-Performing Loans (NPL) ratio stood at 3.29 per cent, reflecting prudent credit administration and effective loan recovery efforts.
The bank also invested GH¢457,000 in Corporate Social Responsibility initiatives, including education, sanitation, community development, and social support programmes.
Madam Dawood said the bank received several prestigious awards, including the Osagyefo Dr. Kwame Nkrumah Africa Leadership Award.
She added that under the Bank of Ghana’s revised Microfinance Sector Framework, Lower Pra is required to maintain enhanced minimum capital requirements applicable to community banks.
To support this requirement, the Board has proposed converting dividend payments into shares.
Mr Ernest Nii Tackie-Otoo, Chief Executive Officer of the bank, said the institution had overcome numerous challenges.
“Today, through the support of our stakeholders and customers, Lower Pra has recorded one of the most remarkable transformations in recent times,” he said.
Madam Francisca Dedei Afutu, Head of the Human Capital Department at ARB Apex Bank PLC, commended the Board, Management and Staff of the bank for the strong financial performance during the year under review.
GNA
Edited by Justina Hilda Paaga/Lydia Kukua Asamoah
Reporter: Mildred Siabi-Mensah
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