TDC Ghana Limited has held its fourth Annual General Meeting (AGM) in Tema, to among other resolutions receive, consider and adopt the report of the Directors, Auditors and Financial statements for the year ending 31st December 2023, and to declare dividends for the same year ending and authorise the Directors to determine the remuneration of the Auditors.
Mr Kofi Brako, the Board Chairman of TDC Ghana Limited, in his opening report, said that despite the global fragility the manufacturing and services experienced in 2023, TDC Ghana Ltd’s financial performance was remarkable, with its shareholder’s fund growing by 19.9 per cent from GH¢378.2 million in 2022 to GH¢453.47 million in 2023.
Given its continuous promising financial outlook and enormous experience in providing quality homes, the TDC Ghana Ltd. appealed to the Government of Ghana to include it in its affordable housing projects, to address the housing deficits.
Mr Brako announced that the new look TDC Ghana Ltd. is going to give to the Kaizer enclave, with the construction of high-rise offices, retail facilities and residential apartments at Community Four, after the demolition of all the rickety blocks of flats.
At Site Three in Community One, he reported the progress of the in-filling projects and the commencement of the phase three of the project which would provide forty units of two bedroom apartments for rental and home ownership.
Alice Abena Ofori-Atta, the Managing Director, in her report, mentioned that TDC Ghana Ltd registered a huge growth of GH¢136.6 million in 2022 to GH¢182.06 million in 2023.
The company’s profit before tax, she continued, increased from GH¢37.52 million in 2022 to GH¢54.94 million in 2023.
Alice Ofori-Atta said the sterling financial performance of the company has strengthened it and makes it ready to face any shocks in the future.
Presently, the MD said TDC Ghana Ltd’s assets have grown by 15.7 per cent in 2023 from GH¢533.03 million in 2022 to GH¢616.48 million in 2023.
Present at the AGM was John Boadu, the Managing Director of the State Interests and Governance Authority (SIGA) who commended TDC Ghana Ltd. for its impressive financial outlook.
He challenged the company to do more to get listed on the stock market.
