Standard Chartered Declares GH¢673.48 Million Dividend as Assin Central Launches Modern 24-Hour Market

Standard Chartered Bank Ghana PLC and the Assin Central Municipal Assembly have announced significant milestones that underscore a period of corporate profitability and local economic expansion in Ghana. During its 56th Annual General Meeting (AGM) held in October 2025, Standard Chartered Bank declared a substantial dividend payout of GH¢673.48 million to its shareholders. Simultaneously, a transformative infrastructure project has been initiated in Assin Foso to establish a modern "24-Hour Economy Market," designed to stimulate trade and provide essential services to the local community.

The dividend declaration by Standard Chartered, which equates to GH¢4.989 per ordinary share, marks a celebratory year for the institution as it commemorates 130 years of operations in Ghana. Chairman Ebenezer Twum Asante and CEO Xorse Godzi reaffirmed the bank's commitment to the nation's economic development, highlighting a strategic focus on sustainable growth and long-term value creation. By leveraging its extensive international network alongside local expertise, the bank aims to maintain its support for clients while contributing to the overall stability of the financial sector.

In the Central Region, the Assin Central Municipal Assembly's new market project represents a grassroots approach to economic empowerment. The facility, being constructed by Icole Construction Company, is slated for completion within three years and will feature modern amenities including a police station, a health clinic, and enhanced sanitation services. This 24-hour hub is expected to significantly improve trading conditions in Assin Foso, creating numerous jobs for local residents and providing a safe, efficient environment for commercial activities. Traditional authorities have already signaled their support, noting the project's potential to revitalize the local economy.

These concurrent developments—a major financial institution rewarding its investors and a municipal assembly investing in trade infrastructure—highlight the multifaceted nature of Ghana's current economic landscape. As the nation continues under the administration of President John Mahama, the synergy between corporate success and public-sector development projects remains a focal point for national progress. While the banking sector provides the capital and stability necessary for large-scale investment, local initiatives like the Assin Foso market ensure that economic gains are felt directly by traders and small business owners across the country.