GTCO's Ghana Subsidiary Achieves ₦112.91bn Profit in 2026

Guaranty Trust Holding Company Plc's Ghanaian banking subsidiary achieved a profit after tax of ₦112.91 billion for the first nine months of 2026, making it the largest contributor among the group's offshore banking operations. The Ghana subsidiary's profit before tax was ₦173.71 billion, with operating income at ₦226.42 billion for the period ending September 30, 2026.

This profit after tax reflects a 13.2% increase from ₦99.70 billion in the same period of 2025. In contrast, GTCO's Nigerian operation reported a profit after tax of ₦480.89 billion, down from ₦506.63 billion the previous year.

Despite Nigeria being the group's largest earnings contributor, Ghana's growth trajectory was notable, as GTBank Ghana's profit exceeded the combined earnings of four other West African subsidiaries, which totaled ₦67.58 billion. The reported figures are in naira, and comparisons may reflect exchange-rate movements.

GTCO's East African operations showed varied results, with GTBank Kenya reporting ₦7.63 billion in profit after tax and GTBank Tanzania posting a loss of ₦434.19 million.