Shareholders of Maltaaba Community Bank PLC have seen the value of their investment more than double in the 2025 financial year, with shareholder funds rising from GH¢3.2 million to GH¢6.9 million, representing a 113 percent increase.
Board Chairman Anthony Mba Ndor announced this development at the bank’s 13th Annual General Meeting in the Bongo District of the Upper East Region, crediting shareholders for responding to the board’s call to increase share subscriptions.
“With your support, shareholder value rose by GH¢3.66 million to GH¢6.9 million for the reporting period, largely coming from your share subscription and profit made. We made the call last year for you to subscribe more and you have risen to the occasion,” he stated.
The Chairman also announced a resolution to issue bonus shares of GH¢1 million from retained earnings, subject to the approval of the Bank of Ghana.
He called on all shareholders, individuals and institutions alike, to increase their shareholding to help the bank meet the minimum capital requirement of GH¢5 million directed by the Bank of Ghana, which must be attained by December 2026.
The board further recommended that the minimum shareholding required to qualify as a director be raised from 25,000 shares worth GH¢5,000 to 50,000 shares worth GH¢10,000.
Ndor used the occasion to call on the Government of Ghana to grant a three-year moratorium on corporate tax for community banks, saying such a move would help the institutions capitalise well and play their critical role in driving local economic development.
