CalBank


CalBank is a commercial bank in Ghana, that is
licensed by the Bank of Ghana, the central bank and national banking regulator.

Location

The headquarters of CalBank and its main branch are located at 23 Independence Avenue, in the central business district of Accra, the capital of Ghana. The geographical coordinates of the bank's headquarters are:05°33'51.0"N, 0°11'44.0"W.

Overview

Founded in 1990, CalBank is a large financial services retail bank that serves the banking needs of large corporations, high net worth individuals, non-governmental organisations, regular customers and small and medium enterprises. As of December 2019, the bank's assets totaled GHS:GHS:7,048,498,000, with shareholders' equity of GHS:974,787,000.

Ownership

The stock of CalBank is traded on the Ghana Stock Exchange under the symbol CAL., the stock ownership of the bank is reflected in the table below:
RankName of OwnerPercentage Ownership
1Social Security and National Insurance Trust33.18
2Arise B.V.27.69
3Public15.38
4Allan Gray Africa, Ex-South Africa Equity Fund Limited4.03
5Frank Brako Adu Jnr.2.59
6Daniel Ofori2.45
7AIF Clients 8 Percent Account2.45
8Kuwait Investment Authority2.06
9Frontier Market Opportunity Mast Fund1.42
10Enterprise Life Association Company Policy Holders1.42
11Enterprise Tier 2 Occupational Pension Scheme1.12
12Kapfrg Investin Pro, Afrikansk1.05
13Robeco Afrika Fonds NV0.86
14SSB Eaton Vance Tax Managed Emerging Market Fund0.80
15Enterprise Underwriters Tier 3 P40.69
16ECG Pension Scheme Tier 3 Port 10.67
17Gentrust Sankofa Master Trust Scheme0.49
18EDC Ghana Balanced Fund Limited0.48
19Benjamin Fosu Ansah0.47
20Barclays Bank Ghana Staff Provident Fund Scheme0.42
21TCM Investment Funds Luxembourg0.42
Total100.00

Directors

CalBank is governed by a 10-person Board of Directors of whom one is an Executive Director and nine are non-executive. The Chairman of the Board is Joe Mensah, one of the non-executive directors.
NamePosition
Joseph MensahChairman
Philip OwireduManaging Director
Helen NankaniNon-Executive Director
Rosalind Nana Emela KainyahNon-Executive Director
Kofi Osafo-MaafoNon-Executive Director
Nana Otuo AcheampongNon-Executive Director
Richard ArkutuNon-Executive Director
Ben Gustave BarthNon-Executive Director
Solomon AsamoahNon-Executive Director
Kweku Baa Yoku KorsahNon-Executive Director

Executive Management

Philip Owiredu is the Managing Director of CalBank. He is a Fellow of Chartered Certified Accountants. Prior to becoming the Managing Director at CalBank, he held several managerial positions at the bank including: Financial Controller Chief Financial Officer and Executive Director. Before joining CalBank Owiredu served as Senior Manager at KPMG Ghana.