Access Bank (Ghana) (ACCESS) AGM 2024 summary

Opening remarks and agenda

• The meeting opened with a welcome, prayer, and a memoriam for the late founding Group CEO, Dr. Herbert Wigwe, honoring his legacy and impact on the organization.

• Attendees included board members, executive directors, auditors, regulators, and shareholders, with instructions provided for virtual participation and voting.

Board and executive committee updates

• Introduction of board members and company secretary, with acknowledgment of the resignation of Mr. Dolapo Ogundimu from the board in June 2023.

• Board reaffirmed commitment to succession planning, capacity building, and business continuity.

Financial performance review

• Audited financial statements for the year ended 31 December 2023 were presented, with the independent auditor confirming fair presentation in accordance with IFRS and local regulations.

• Shareholders commended management for strong results despite economic challenges and the impact of the Domestic Debt Exchange Programme (DDEP).

• Cost management and efficiency were highlighted, with a cost-to-income ratio below 30%.