The recent reforms introduced in the banking industry are beginning to yield positive results, as the industry records positive growth in the first quarter of the year. The industry recorded growth in terms of total assets, total deposits, and net loans and advances at the end of the first quarter of this year. President Nana […]
Tag: cal bank
Ghana: Cal Bank Records First Quarter Profit
Cal Bank, an indigenous universal bank listed on the Ghana Stock Exchange (GSE), posted a strong performance in the first quarter of this as the company recorded an appreciable increase in interest income. The company recorded 2019 first quarter profit after tax of GHc41.9 million compared with the GHC34.1 million recorded in the same period […]
BoG’s new regulations will help grow local banks – CAL Bank
Executive Director of CAL Bank, Philip Owiredu The Executive Director of CAL Bank, Philip Owiredu has stated that the implementation of new rules by the Bank of Ghana(BoG) will help banks, especially local banks to grow. He maintained that the implementation of the Basel II and III regulations are a step in the right direction […]
Digital agency banking to drive deposits for CalBank
CalBank is expected to complete moves to use agency banking The banking sector in Ghana is shifting from the full branch operations to an era of digital and agency banking. After the banking sectors clean up by the bank of Ghana, some foreign banks have boosted their performance with an increase in deposit due to […]
Support Bank of Ghana to clean financial sector — CAL Bank MD
Managing Director of CAL Bank Limited, Frank Adu Jnr The Managing Director of CAL Bank Limited, Frank Adu Jnr, has urged stakeholders in the financial sector to support the Bank of Ghana as it cleans the sector. The Bank of Ghana, last week sent out a notice, strongly indicating that it will punish persons, companies […]
CAL Bank develops new strategy for customers’ service delivery
By Morkporkpor Anku, GNA Accra, May 16, GNA – Mr Phillip Owiredu, Executive Director of CAL Bank Limited on Thursday said the bank will continue to leverage on technology to improve on its operations and provide quality service to its customers. He said Management had developed a new strategy, which builds on its earlier strategy […]
expressPay launches Visa on mobile to drive digital payments in Ghana
expressPay is a leading financial technology service provider in Ghana. expressPay, a leading financial technology service provider has launched Visa on mobile – an innovative Visa electronic payment service. This will allow thousands of consumers and merchants to make and accept digital payments more conveniently. The Visa on mobile solution will allow consumers to simply […]
expressPay launches Visa on mobile to drive digital payments
expressPay, a leading financial technology service provider has launched Visa on mobile – an innovative Visa electronic payment service. This will allow thousands of consumers and merchants to make and accept digital payments more conveniently. The Visa on mobile solution will allow consumers to simply scan a merchant QR code to make a payment. The […]
BoG survey presents mixed results on ATM charges, minimum operating balance costs
Charges on ATM are split into 3: charges on issuing, withdrawal and ATM card maintenance A report chronicling various charges on products and services offered by banks in the country has presented a mixed picture of ATM charges by the banks. The report – Survey of Bank Charges, March 31st, 2019 conducted by the Financial […]
BoG survey presents mixed results on ATM charges, minimum operating balance costs
A report chronicling various charges on products and services offered by banks in the country has presented a mixed picture of ATM charges by the banks. The report – Survey of Bank Charges, March 31st, 2019 conducted by the Financial Stability Department of the Bank of Ghana covers the 23 banks operating in the country. […]