Tag: CAL Bank
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CalBank PLC organizes maiden cashless market
As part of efforts to deepen its relationship with merchants and customers, indigenous bank, CAL Bank PLC has disclosed of its new strategy to enable customers transact business digitally. According to the Bank, this forms part of efforts to drive the digitization agenda in the country and increase the adoption of the use of its…
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CalBank green energy tower addresses global warming and improves operational efficiency
CEO of CalBank, Philip Owiredu says his outfit’s newly built green environmentally friendly tower is not only a big step towards dealing with global warming and its attendant problems but also the way to go in improving operational efficiency. “In designing and building our head office, we invested heavily from our own resources in the…
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COVID-19: CalBank donates PPE to four major hospitals in Ghana
The Board of Directors, Management and Staff of CalBank, have donated a set of Personal Protective Equipment (PPE), valued at GHS 230,000.00 to four hospitals in Ghana. The beneficiary hospitals are the University of Ghana Medical Centre in the Greater Accra Region, the Komfo Anokye Teaching Hospital in the Ashanti Region, the Effia Nkwanta Regional…
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Cal Bank announces new CEO and four other appointments
CalBank has announced the appointment of Philip Owiredu as its Chief Executive Officer taking over from Frank Adu Jnr, who retired from the position after nearly three decades in the banking industry. A statement released by the bank on the appointment highlighted that, specifically, Mr. Owiredu’s wide experience in the banking sector has earned him…
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Ten Ghanaians who secured bigger roles in the corporate space in 2019
The Ghanaian corporate landscape saw a number of movements as key personnel got new appointments, while some left their roles for various reasons. In this piece, we take a look at some of the corporate movements that made the headlines. Patricia Obo-Nai, Vodafone Ghana For Ghanaians, the appointment of Patricia Obo-Nai as Chief Executive of…
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Cal Bank signs $108 million deal with OPIC, Citi Bank to support SMEs
Cal Bank has signed a 108 million dollar deal with the Overseas Private Investment Corporation (OPIC) and Citibank (Citi) for on-lending to Small and Medium Enterprises (SMEs) in Ghana. The arrangement will enable Cal Bank to advance loans at relatively low interest rates to SMEs in Ghana with flexible repayment terms. In addition, beneficiaries of…
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Cal Bank names Philip Owiredu as new CEO
Cal bank has nominated Philip Owiredu as the bank’s new CEO prior to an approval by the Bank of Ghana. A statement from the bank said upon approval, Mr. Owiredu is expected to assume the position in January 2020. The appointment follows the retirement of the current Managing Director, Frank Adu. Mr. Owiredu was until…
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Cal Brokers to exit stock exchange
Cal Brokers is set to leave the Ghana Stock Exchange as it ceases its operations. A statement from the stock exchange indicated that the move is as a result of the decision of the Shareholder and Board of Directors who have announced their intent to resign from the membership of the GSE and leave the…
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Fire Service advocates balconies in high rise buildings
The Ghana National Fire Service (GNFS) has impressed upon corporate institutions seeking to build high rise structures to incorporate balconies to aid in evacuation exercises in cases of fire incidents. The Service believes the move will reduce fatalities at such facilities when fires occur. Divisional Officer Grade III at the Greater Accra Fire Service, Eric…
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Local suppliers in petroleum upstream sector cry over high cost of credit
Local suppliers in the Petroleum Upstream sector are asking commercial banks to review downwards the cost of credit. The companies complain most of the banks charge relatively higher rates on loan packages which affect their returns. The local suppliers in the Petroleum Upstream sector are businesses that provide various services to major oil companies that…