Enterprise Group announces 30% dividend increase after strong 2024 financial performance

Enterprise Group PLC has announced a 30 percent increase in dividend payments to shareholders, declaring a payout of GHS 0.126 per share, amounting to a total payout of GH₵22.5 million.

The news was shared at the company’s Annual General Meeting (AGM) held in Accra, on July 2, 2025 where the Board Chairman, Keli Gadzekpo, outlined a year of solid financial performance and strategic growth.

Mr. Gadzekpo attributed the Group’s impressive 2024 results to enhanced operational efficiency and a sharp focus on customer experience and technology.

“This performance is a testament to our disciplined execution and our focus on customer experience, innovation, and the effective deployment of technology to enhance premium collection and service delivery,” he told shareholders.

Enterprise Group’s insurance revenue rose by 30.5 percent in 2024, underpinned by its investment in digital platforms and automation. The Group also recorded a significant recovery in profitability, with net profit surging by 49.6 percent after a challenging 2023.

“Net profit grew significantly by 49.6%, recovering from a negative 24.7% growth recorded in 2023, which was due to adjustments made in respect of IFRS 17 restatements of our 2023 numbers,” Mr. Gadzekpo explained.

“Profit after tax rose to GH₵ 366 million from GH₵;193 million in the prior year.”

Looking ahead, Mr. Gadzekpo said Enterprise Group remains optimistic about Ghana’s economic outlook. “With renewed focus on fiscal consolidation, tax reforms, and improving investor confidence, we expect growth to be sustained into 2025,” he said.

He also revealed that 2025 would mark the beginning of a new strategic cycle for the Group. “We will sharpen our focus on investing in our most critical resource, our people, and on grounding our Nigerian operations as it grows,” he said.

Enterprise Group continues to position itself as a leading player in the financial services industry, with its performance in 2024 reinforcing its commitment to value creation for shareholders and long-term sustainability.

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