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
-
Crowds, deals and home solutions as Republic Bank-JoyNews Habitat Fair enters final day
3 minutes -
Fire Service finds only five functional hydrants in Ministries enclave
18 minutes -
Government to sign 1,200MW gas power deal before end of 2026 – Mahama
18 minutes -
West Mamprusi launches community-led WASH and livelihoods project across 100 communities
20 minutes -
Iran says it will wait for official US response after Trump rejects Strait of Hormuz proposal
34 minutes -
90 Oti communities to benefit from government electrification project
36 minutes -
Floods leave 246 without shelter as 93 houses collapse in North East Gonja
48 minutes -
Labour Minister wants SOEs to help shape new public pay system
6 hours -
IPEC will ensure Equity and Sustainability in SOEs Compensation
6 hours -
White House bars CNN from travelling with Trump on Air Force One
7 hours -
Fennis wins second consecutive ITF J60 title in Accra
7 hours -
Spain beat England in thriller after Kane penalty miss
7 hours -
GPL 2026/27: Zaidan’s late goal ends Hearts of Oak unbeaten start
7 hours -
CEOs demand clarity on pay harmonisation, board autonomy as FWSC engages SOEs bosses over IPEC transition
7 hours -
2026 Women’s Super Cup: FC Savannah, Epiphany Warriors maintain top spots ahead of final group games
7 hours