Republic Bank Ghana Limited Business Structure and Governance

Republic Bank Ghana Limited has a robust business structure and governance system in place. The bank's governance structure is led by a Board of Directors, which is responsible for overseeing the overall strategy and direction of the bank.

The Board of Directors is made up of experienced professionals with a deep understanding of the banking industry. They bring a wealth of knowledge and expertise to the table, ensuring that the bank operates in a responsible and sustainable manner.

At the helm of the bank is the Managing Director, who is responsible for the day-to-day operations and implementation of the bank's strategies. The Managing Director is supported by a team of senior executives who oversee various departments within the bank.

The bank's governance structure is designed to ensure that it operates in a transparent and accountable manner, with clear lines of authority and decision-making processes in place.

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Republic Bank Ghana Limited's bank operations are designed to be efficient and customer-friendly. The bank has a strong presence in Ghana with over 30 branches across the country.

The bank operates from Monday to Friday, from 8am to 4pm, with Saturday banking services available in some branches. Online banking is also available 24/7, allowing customers to manage their accounts and perform transactions at their convenience.

Republic Bank Ghana Limited has implemented various measures to enhance the security of its banking operations, including the use of biometric authentication and robust IT systems.

Republic Bank has its headquarters in Accra, the capital city of Ghana. The bank's presence is felt across the country with numerous branches strategically located in various regions.

The bank's head office is situated on Sixth Avenue, North Ridge, Accra, which also houses the Ebankese Branch. This is a significant location, as it serves as the central hub for the bank's operations.

One of the notable branches is the Accra Central Branch, located on Kwame Nkrumah Avenue, Accra. This branch is easily accessible and provides a wide range of services to its customers.

The bank's presence in the regions is also notable, with branches in Tema, Kumasi, and Tamale. The Tema Branch is situated in the Asafoatse Kotei Commercial Complex, while the Kumasi Branch is located on 571 Asomfo Road. The Tamale Branch, on the other hand, is situated on 8 Daboya Street.

Here is a list of some of the bank's branches across the country:

Competitors in the banking industry can have a significant impact on a bank's operations. Republic Bank (Ghana) PLC faces competition from various banks.

Volatility is a key factor in understanding the competitive landscape, but unfortunately, we don't have enough data to determine how Republic Bank's volatility has changed over the past year.

Republic Bank Ghana Limited has a strong management team in place. Benjamin Dzoboku serves as the Chief Executive Officer (CEO) and has been in this role since June 30, 2022.

The bank's board of directors includes experienced individuals such as David Addo-Ashong, who has been the Chairman since July 17, 2024. Maxwell Adjin-Tettey is the Chief Technology/Science/R&D Officer and has been in this role since July 31, 2019.

Here's a brief overview of the bank's management team:

As of September 2020, Republic Bank Ghana's ownership structure is quite concentrated. Republic Financial Holdings Limited holds the largest stake, with a whopping 66.54% of the bank's stock.

The second-largest shareholder is the Social Security and National Insurance Trust, which owns 25.87% of the bank's stock. This is a significant stake, given the trust's role in managing social security funds in Ghana.

Republic Bank Ghana's ownership is dominated by a few key players. Here's a breakdown of the top shareholders:

The remaining 1.54% of the bank's stock is held by other investors, indicating a relatively diverse ownership base.

Let's take a look at the managers at Republic Bank (Ghana) PLC. Benjamin Dzoboku is the CEO and has been in the role since June 30, 2022.

Benjamin Dzoboku is 45 years old and has been leading the bank for a few years now. Maxwell Adjin-Tettey is the Chief Tech/Sci/R&D Officer and has been in this position since July 31, 2019.

The bank also has a Corporate Secretary, Akua Oduraa Botchway, who started in this role on December 31, 2022. Gabriel Kwamina Bonney is the Comptroller/Controller/Auditor, but we don't have a specific start date for this position.

Tetteh Mamah is the Human Resources Officer and has been in this role since May 31, 2019. Here's a list of the managers at Republic Bank (Ghana) PLC:

The board members of Republic Bank (Ghana) PLC are responsible for overseeing the bank's operations and making strategic decisions.

Benjamin Dzoboku, a 45-year-old Director/Board Member, has been serving on the board since June 30, 2022.

Nigel Baptiste, a 59-year-old Director/Board Member, has been a part of the board since August 31, 2016.

Michael Addotey Addo, a 60-year-old Director/Board Member, joined the board on April 30, 2017.

David Addo-Ashong, a 67-year-old Chairman, took over as Chairman on July 17, 2024.

Arimeyaw Ibn Saeed, a 56-year-old Director/Board Member, has been serving on the board since September 9, 2019.

Parasram Salickram, a 47-year-old Director/Board Member, joined the board on December 15, 2022.

The board members have a combined wealth of experience, with some having served on the board for over 7 years.

Here are the board members with their corresponding titles, ages, and dates of joining:

Republic Bank Ghana Limited has seen a significant fluctuation in its sales by activity over the years, with a notable increase in corporate banking sales from 2019 to 2023, reaching 586 million Ghana cedis.

The bank's consumer and retail sales have also shown a steady growth, increasing from 39.76 million Ghana cedis in 2019 to 131 million Ghana cedis in 2021, before decreasing slightly to 94.26 million Ghana cedis in 2023.

The bank's mortgage sales have experienced a decline in 2021, but rebounded in 2023, reaching 11.36 million Ghana cedis, a significant improvement from the negative 11.09 million Ghana cedis in 2021.

Here's a breakdown of the bank's sales by activity in millions of Ghana cedis:

The current share price of Republic Bank (Ghana) is GH₵0.60. This is a relatively stable price, with no change over the past month.

The bank's share price has been volatile over the past year, with a 25% increase. This is a significant gain, but it's essential to consider the broader market trends.

Here are some key statistics on Republic Bank's share price performance:

The bank's share price has not changed over the past 5 years, with a 3.45% increase. This is a relatively modest gain, but it's essential to consider the broader market trends.

Republic Bank's share price has increased by 5,257.14% since its IPO. This is a remarkable gain, but it's essential to consider the risks and volatility associated with such a significant increase.

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As we dive into the financial performance of Republic Bank (Ghana) PLC, let's take a closer look at their sales by activity. Corporate banking sales have been steadily increasing, reaching a high of 586 million Ghanaian cedis in 2023.

The corporate banking segment has seen consistent growth, with sales increasing from 286 million in 2019 to 295 million in 2020, and then jumping to 319 million in 2021. However, there was a significant drop to 196 million in 2022.

In contrast, the microfinance segment has been experiencing a decline in sales, with a drop from -1.75 million in 2019 to -3.53 million in 2020, and then further decreasing to -4.84 million in 2021 and -6.29 million in 2022.

Consumer and retail sales have been on the rise, increasing from 39.76 million in 2019 to 66.85 million in 2020, and then reaching 71.69 million in 2021. However, there was a slight decrease to 131 million in 2022.

Mortgage sales have been relatively stable, with a slight increase from 20.98 million in 2019 to 19.65 million in 2020, and then returning to 19.83 million in 2021. However, there was a significant drop to -11.09 million in 2022, followed by a rebound to 11.36 million in 2023.

Here's a summary of the sales by activity for Republic Bank (Ghana) PLC: