Shareholders of Atwima Kwanwoma Rural Bank will earn dividend of ten pesewas per share, one pesewa more than last year, despite a 14 per cent slump in profits. The bank’s profit after tax went down from 6, 942, 000 in 2016 to 5, 946 000 in 2017 on the back of 11 profit before tax drop over the same period. But despite the slump, the bank is dispensing a whopping 1 million Ghana cedis as dividends to its shareholders.

Officials blame the drop in profit on an increase in Corporate Tax from 8 to 25 percent and dwindling investment rates. Board Chairman, Patrick Owusu tells Nhyira FM the bank has had to pay dearly for the increased taxes.