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Standard Chartered Bank Ghana PLC has paid GH¢97.8 million in dividends to the Social Security and National Insurance Trust (SSNIT) for the 2025 financial year, boosting returns from the pension manager’s investment portfolio.
The payment forms part of the bank’s total dividend distribution of GH¢673.95 million, which was approved by shareholders at the bank’s 56th Annual General Meeting held in Accra.
Standard Chartered declared a final dividend of GH¢4.98 per ordinary share, totalling GH¢672.35 million, in addition to a GH¢1.13 million dividend on preference shares.
For SSNIT, the dividend provides additional cash flow to support its pension obligations while generating direct returns from one of its listed equity investments.
Standard Chartered highlights SSNIT partnership
Chief Executive Officer of Standard Chartered Bank Ghana PLC, Xorse Godzi, described SSNIT as an important stakeholder, both as a shareholder and because of its broader role in Ghana’s economy.
He said the relationship between the bank and SSNIT reflects the connection between Standard Chartered’s operations and Ghanaian workers, who have an indirect interest in the bank through the pension fund manager.
“We recognise that SSNIT plays a vital role in Ghana’s economy, representing financial security for the future of the average worker. Through SSNIT, the average Ghanaian worker has a stake in our Bank. Our success, therefore, directly contributes to the future of Ghanaian workers,” Mr. Godzi said.
Dividend comes as bank marks 130 years in Ghana
The dividend payment comes as Standard Chartered celebrates 130 years of continuous operations in Ghana.
The bank’s presence in the country dates back to 1896, when the Bank of British West Africa was established. Today, its operations focus on areas including cross-border banking, wealth management, trade and infrastructure financing.
SSNIT emphasises importance of investment returns
Director-General of SSNIT, Kwesi Afreh Biney, said strengthening investment returns remains a key part of the Trust’s strategy.
He noted that investments capable of generating regular dividends are particularly important to the long-term sustainability of SSNIT’s investment portfolio.
According to Mr. Biney, Standard Chartered has generated returns for SSNIT through both capital appreciation of its listed shares and direct dividend payments, providing additional funds that can be channelled towards pension payments.
“You have not only given us enhanced returns on our investments in the SSNIT portfolio, but you have also introduced an improvement that provides us with greater liquidity to support the payment of pensions which is the core of our job and mandate,” he said.
Mr. Biney described Standard Chartered as one of SSNIT’s significant investments and one of the stronger dividend-paying companies listed on the Ghana Stock Exchange.
The latest dividend payment therefore underscores the role of listed equity investments in generating both capital gains and recurring income for SSNIT as it seeks to strengthen the financial sustainability of the national pension scheme.
