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Asamoah Gyan’s Businesses -He is not just a footballer but a determined business mogul who is leaving no stones unturned in the quest for absolute financial freedom. Black Stars captain Asamoah...
Tag: Cal Bank
Banks’ Interests On Car Loans Drop To 31.1 % In June
Banks’ interests on car loans drop to 31.1 % in June The latest Annual Percentage Rates (APR) and Average Interest (AI) report by the Bank of Ghana shows that Unibank offers the highest rate on...
Cal Shares Set On A Positive Trajectory
CAL bank (CAL) recorded improvement in its financial statements for the first half of 2017 (HY-2017) compared to same period in prior year. Management of CAL maintained a healthy balance sheet after...
Average Interest On Deposits Drops Marginally In June
The average interest offered by banks on customer deposits dropped by 2.67 percent between May and June 2017. According to the latest Annual Percentage Rates (APR) and Average Interest (AI) report...
No Bank Must Be Left Behind In Recapitalization Policy
The Chartered Institute of Bankers (CIB) is urging the Central Bank to consider a tiered recapitalization policy that will enable smaller-sized banks meet the eagerly awaited increment in the...
Cedi’s Woes Hamper Stock Exchange’s Performance
The Ghana Stock Exchange (GSE) closed in the red in the week ending June 9, making it the second consecutive decline in recent times. The decline in the two market indices was due to currency...
Stock Market Growth To Continue To Year-End – Analysts
Stock market analysts are confident that the positive performance of the Ghana Stock Exchange will continue till the end of 2017. After recording negative growth for about two consecutive years, the...
Ofori-Asante Likely To Be Appointed As CEO of Petroleum Commission
President Nana Akufo-Addo is yet to appoint someone to take over as Chief Executive Officer of Petroleum Commission, but insider sources have tipped Mr. Philip Ofori-Asante to be next in line. Mr....
Akufo-Addo Is One of the Sharpest Dressed Persons In the World – KKD
Ace broadcaster Kwesi Kyei Darkwah has described President Nana Akufo-Addo as one of the sharpest dressed persons in the world, adding that he is an inspiration for young men in the country. KKD...
Average Deposit Rate Increases Marginally; Stanchart Still Offers Lowest Rates
The average interest offered by banks on customer deposits increased by 1 percent between March and April 2017. According to the latest Annual Percentage Rates (APR) and Average Interest (AI) report...
BDCs Debt Could Push NPLs Beyond 20%
Banks could be facing further liquidity challenges as government delays in settling the BDCs debt, Philip Owiredu, Executive Director at CAL Bank, has said. Following a directive from the Central...
Banks Demand Payment Plan For BDC Debts
Banks that are exposed to the Bulk Oil Distribution Companies (BDCs’) debts want government to draw out a plan to facilitate payments from the Energy Sector Levies Act . They argue that the plan...
Huge Recapitalisation Alone Not Answer To Banks’ Woes
Aggressive recapitalisation, which could force mergers and acquisitions, should not be forced on banks, Felix Nyarko-Pong, Managing Director of uniBank, has said. Instead, he argues, financial...
CAL Bank Hints of Recapitalisation Ahead of BoG’s Order
Cal Bank has told its shareholders it will “likely initiate a corporate action to raise more capital this year” despite ending 2016 with a minimum capital in excess of GH¢100 million. The...
High NPLs Threaten BoG’s Minimum Capital Drive
The Institute for Fiscal Studies (IFS) has said the new central bank governor, Dr. Ernest Addison, must ensure the issue of high non-performing loans within the banking industry is dealt with...
High NPLs Threaten BoG Minimum Capital Drive
The Institute for Fiscal Studies (IFS) has said the new central bank governor, Dr. Ernest Addison, must ensure the issue of high non-performing loans within the banking industry is dealt with...
Banker Advocates US$200m Capital For Banks
Frank Adu Jnr, Managing Director of CAL Bank, has proposed an increment in the current minimum capital requirement for universal banks from GH¢120million to US$200million, to create larger banks...
CAL Bank’s Profits Drop After Impressive Performances
After recording impressive performances at a time that some banks are struggling in the last three years, CAL Bank has recorded over a ninety percent drop in profits for 2016. According to the...
New Minimum Capital For Banks Pegged At GHc200-260m
Commercial banks in Ghana would have to increase their minimum capital for operation to at least 200 million cedis. This follows the revision of the minimum capital requirement by the Bank of Ghana....
CAL Bank’s 2016 Profits Dip Over High NPLs
CAL bank’s total profits for 2016 dropped by as much as 95 percent compared to the profits recorded in 2015. The bank’s profit dropped to 7.2 million cedis in 2016 from the over 160 million cedis...