Standard Chartered Bank Ghana PLC announced a 10% increase in its profit after tax for the first half of 2026, reaching GHS 320 million. The bank’s revenue for this period also climbed to GHS 798 million, demonstrating robust financial performance.
This growth is primarily driven by the bank's strategic focus on its international network, cross-border services, and expanding wealth management business. These areas help connect Ghanaian businesses and individuals to global opportunities, supporting trade and investment. The bank aims to sustain this momentum by enhancing its offerings in these key segments.
The strong half-year results build upon a successful 2025, where Standard Chartered Ghana recorded an impressive return on equity of 28%. This indicates efficient use of shareholder funds to generate profits. The bank's earnings per share also increased to GHS 5.97 in 2025 from GHS 5.31 in 2024, reflecting higher profitability per share. This consistent performance underscores the bank's stability within Ghana's competitive financial sector.
Chief Executive Officer, Xorse Godzi, stated the bank will continue to use its international network and cross-border capabilities. He explained this strategy connects businesses, financial institutions, and individual clients to global market opportunities. Mr. Godzi also highlighted the expansion of wealth management services to help customers build and preserve their assets.
This positive financial trajectory suggests continued confidence in Ghana's banking sector despite broader economic challenges. The bank's ability to grow profits and revenue indicates effective management of its operations and risk. Investors and market observers will closely monitor how Standard Chartered maintains this growth while navigating potential shifts in interest rates or regulatory environments. The bank's commitment to expanding wealth management services also signals a growing demand for sophisticated financial planning in Ghana.
The bank's balance sheet expanded by 15% in 2025, confirming its strong financial position. Chief Financial Officer, Albert Larweh Asante, attributed these results to the strength of the balance sheet and effective risk management. He confirmed the bank continues to meet all applicable regulatory and capital requirements, ensuring its stability. This expansion reflects a healthy financial foundation, crucial for supporting future growth initiatives.
Beyond its core banking activities, Standard Chartered Ghana also highlighted its social investment programs. The bank channelled GHS 4.6 million through the Standard Chartered Foundation to support disadvantaged young people. These programs focus on employability and entrepreneurship, particularly for young women and persons with disabilities. This initiative aims to equip beneficiaries with skills for employment and business creation.
Furthermore, the bank reported significant contributions to climate finance in Ghana. It supported a $200 million World Bank Clean Cooking Outcome Bond, mobilising $30.5 million in climate finance for the country. This program is projected to benefit approximately 1.3 million people and reduce carbon dioxide emissions by over 1.8 million tonnes. Such initiatives align with global sustainability goals and Ghana's efforts to transition to cleaner energy sources.
Standard Chartered is celebrating 130 years of operations in Ghana, having started in 1896 and listed on the Ghana Stock Exchange since 1991. This long history underscores its deep roots and commitment to the Ghanaian economy. The bank’s ongoing focus on growth, customer services, and sustainability will be key to its continued success in the dynamic financial landscape.