CalBank Appoints Daniel Nii Kwei-Kumah as Board Chairman
Company - People | Apr 04, 2025 | EIN
CalBank PLC has appointed Daniel Nii Kwei-Kumah Sackey as its new Board Chairman effective March 20, 2025, succeeding Joe Mensah. Sackey, with over 30 years of experience in banking, aims to drive sustainable growth and innovation at CalBank. The new board, comprised of seasoned experts such as Johnson Delali Oware, Kwadwo Brantuo Mpeani, Yvonne Ofosu-Appiah, and Gerrit Muller, complements this vision. CalBank has shown financial resilience with a recent surge in profit and is committed to executing a five-year strategic plan focusing on retail banking expansion, digital platforms, and sustainable banking solutions.
Sectors
- Banking and Financial Services
- Digital Banking
Geography
- Ghana – CalBank is a prominent financial institution in Ghana, and the article details significant leadership changes and strategic plans within the country.
Industry
- Banking and Financial Services – The article discusses leadership changes and strategic developments within CalBank PLC, a major player in Ghana's banking sector.
- Digital Banking – Part of the strategic focus outlined by CalBank's new leadership includes enhancing digital banking platforms.
Financials
- GHS 414.2 million – Profit Before Tax for CalBank in 2024, indicating significant financial recovery.
- GHS 179.6 million – Net Fees & Commission Income for CalBank, showing a 55.7% increase.
- GHS 9.6 billion – The total deposits for CalBank, reflecting a 29% increase.
- GHS 792 million – Total loan recoveries for CalBank, indicating effective risk management.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CalBank PLC | The Target Company | Company | A major banking institution in Ghana undergoing leadership and strategic changes. |
| Daniel Nii Kwei-Kumah Sackey | New Board Chairman | Person | Appointed as the Chairman of CalBank's Board of Directors, bringing extensive experience in banking and finance. |
| Joe Mensah | Former Board Chairman | Person | The predecessor to Daniel Sackey as Chairman of CalBank's Board. |
| Johnson Delali Oware | Executive Director/Deputy Managing Director | Person | New board member with expertise in corporate, commercial, and retail banking. |
| Kwadwo Brantuo Mpeani | Board Member | Person | A Chartered Accountant with extensive experience in financial management. |
| Yvonne Ofosu-Appiah | Board Member | Person | An investment professional with a background in venture capital and private equity. |
| Gerrit Muller | Board Member | Person | A seasoned investment professional involved in shaping strategic financial investments. |
| Carl Asem | Managing Director of CalBank | Person | Expressed optimism about the bank's future under new leadership. |