Labadi Beach Hotel pays GH₵16.5m dividend to SSNIT

Labadi Beach Hotel, a flagship name in Ghana’s hospitality sector, has presented a dividend of GH₵16.5 million to its shareholder, the Social Security and National Insurance Trust (SSNIT).
The dividend, announced during the hotel’s Annual General Meeting (AGM), reflects the hotel’s dedication to maintaining steady returns while bolstering its leadership status in the industry.
Mr. David Eduaful, Managing Director of Labadi Beach Hotel, expressed pride in the hotel’s consistent growth and success, attributing it to the dedication of the entire team.
“Every achievement and every guest experience are a testament to the passion and hard work of our entire team. We are excited about what the future holds,” Mr. Eduaful said.
He also credited the hotel’s board and resilient staff as instrumental in pushing the brand to new heights and redefining excellence across its operations.

Dividend growth over the years
The GH₵16.5 million dividend comes on the heels of other notable payouts in recent years, including GH₵25 million in 2022 and GH₵10 million in 2021, underscoring Labadi Beach Hotel’s commitment to delivering consistent value to its stakeholders. The hotel’s success, according to Mr. Eduaful, is a reflection of sound management and its clear vision for growth.

Recognition and awards in 2023
Labadi Beach Hotel’s commitment to excellence has earned it several prestigious accolades this year.
The hotel was named “CIMG Hospitality Facility of the Year 2023” by the Chartered Institute of Marketing Ghana (CIMG) and won both Regional and National titles as the “Five-Star Hotel of the Year” by the Ghana Tourism Authority.
It was also recognized as the “Hospitality Company of the Year” by Globe Productions, adding further luster to its reputation.

Focus on sound governance and strategic growth
Prof. Douglas Boateng, Board Chairman of Labadi Beach Hotel, highlighted the importance of a strong corporate governance structure and the clarity of the hotel’s vision as key contributors to its success.
“Our ongoing achievements are proof that a focus on excellence, guided by sound governance, sets a foundation for long-term industry leadership,” he stated.
Prof. Boateng added that the hotel remains committed to innovation and strategic growth, ensuring it sets new standards for hospitality in Ghana.

A model for success in Ghanaian hospitality
Owned by SSNIT, Labadi Beach Hotel continues to raise the bar in Ghana’s hospitality industry, serving as an inspiring example of success.
With a focus on delivering exceptional service and value, the hotel is poised to remain a leader in Ghanaian hospitality, honoring the trust and confidence of its shareholders, partners, and guests alike.