GCB Bank plans to purchase Liberia's third-largest bank

GCB Bank PLC is in talks to acquire Liberia’s third-largest bank as part of efforts to expand its operations across West Africa, Board Chairman Professor Joshua Alabi has revealed.

According to him, negotiations are already underway following engagements with top Liberian authorities, with the bank hopeful of a successful outcome.

Speaking at GCB Bank’s 32nd Annual General Meeting held at the University of Professional Studies, Accra (UPSA) on Friday, April 17, 2026, Professor Alabi said the planned move has been under consideration for some time.

“I must say we are also thinking the same as you said, except that we’ve not announced it because it’s in the pipeline,” he told shareholders.

He disclosed that towards the end of last year, he personally led a delegation made up of the bank’s Managing Director and other officials to Liberia to begin formal discussions on the possible acquisition.

“In the middle of last year, towards the end of the year, I led a team to Liberia,” he stated.

“It is our intention to buy the third-largest bank in Liberia,” the Board Chair added.

Professor Alabi said the team held separate meetings with the Governor of the Central Bank of Liberia, the Chairman of the country’s Investment Promotion Council, and later met President Joseph Boakai to present GCB Bank’s interest in entering the Liberian market.

“We met with the governor of the central bank to discuss that. We met with the chairman of the investment promotion council to discuss that,” he said.

He added that the bank is financially capable of completing the deal and remains optimistic about the ongoing talks.

The deal is expected to mark a major regional expansion move for GCB Bank and strengthen its presence within the West African banking sector.



SO/MA