Audio By Carbonatix
Cal Bank is contemplating venturing into the downstream petroleum sub-sector.
Officials however say the bank would not neglect its core business in the process.
The bank disclosed this when it took its turn at the Ghana Stock Exchange’s Facts Behind the Figures sessions.
It says its first quarter performance has been impressive as compared to last year with the overall profit after tax of the company growing by 58% from 1.9 million Ghana cedis to GHC3 million.
This has been attributed to a growth in asset base and effective cost management.
General Manager in charge of Finance and Administration tells Joy Business this puts the bank in good stead to venture into the downstream oil business.
Source: Joy Business/Myjoyonline.com/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Struggling Real suffer title blow with Girona draw
2 hours -
Mahama nominates Pamela Graham as Auditor-General
3 hours -
The five big sticking points in US-Iran talks
4 hours -
Melania Trump’s speech propels Epstein crisis back to forefront
4 hours -
What everyone should know about C-sections
5 hours -
Gunmen kill at least four people at Afghanistan picnic spot
5 hours -
Health Ministry engages Ga Mantse ahead of Free Primary Healthcare launch
5 hours -
We can tackle multiple priorities – Sam George defends Anti-LGBTQ Bill push
6 hours -
Statement: Ghana Chamber of Mines’ Response to Claims in Joe Jackson’s “Ananse Stories about the Economy of Ghana”
6 hours -
GES opens 2026 teacher recruitment for licensed B.Ed graduates
6 hours -
Ghana must value skilled trades, build resilient learners — Ibn Chambas
6 hours -
Ghana must rethink education around relevance, resilience and responsibility — Ibn Chambas
6 hours -
Prince Harry faces defamation lawsuit from charity he co-founded
6 hours -
South Korea deploys thermal cameras to track escaped zoo wolf
6 hours -
Calls for royal meeting with Epstein survivors grow ahead of US visit
6 hours