Mr Odun Odunfa, the Managing Director of First Atlantic Bank PLC, on Friday reiterated the bank’s commitment to building a sustainable business for long-term growth.
Speaking on the sidelines of the commemoration of the bank’s listing on the Ghana Stock Exchange (GSE) in Accra, he emphasised the organisation’s continuation to run a decent business to meet the expectation of investors.
“The investor class did due diligence on us, and they found us suitable…The reason they found us suitable is because we’ve done things in a certain way. We will aspire to meet market expectations but we will not cut corners to do so,” he said.
“We’re going to build to last and I think that is the most important thing. Investors should expect that they’ve invested in a good business that will continue to grow and will continue to do things properly.”
Mr Odunfa said the decision to list on the GSE was to broaden the bank’s investor base and deepen governance as it planned future expansion.
He highlighted investments in digitisation, human capital development, and regional expansion across Africa and West Africa, adding that the successful listing on the GSE would boost the company’s visibility and attract more investors.
The bank’s Initial Public Offer (IPO) reportedly attracted strong participation from institutional and retail investors it closed on December 4, 2024.
Mr Odunfa attributed the oversubscription of the IPO to investor confidence in the bank’s business model and a more robust Ghanaian economy.
“Things are being done well at the moment and we pray it continues, and that is what we are leveraging on, and we are happy to see this happen,” he added, emphasising public support and confidence in the GSE.
“The GSE is the only place to list, and we believe this is the right time. There has not been a listing since 2018…if Ghanaians don’t believe in the Ghanaian Stock Exchange, nobody else will,” Mr Odunfa noted.
The public listing forms part of a broader strategy to create value and pursue growth opportunities that will benefit customers and shareholders.
First Atlantic Bank is a full-scale commercial bank with over 25 years experience in Ghana.
Originally founded as a merchant bank, the Bank, in 2011, became a universal bank with an expanded product portfolio.
It has won many awards for excellence in leadership, customer care, trade finance, and corporate banking.
GNA
Edited by Agnes Boye-Doe
19 Dec. 2025
