Audio By Carbonatix
CAL Bank is seeking the approval of its shareholders to transfer GHS 50 million from income surplus to stated capital based on the Bank’s financial statements.
The move according to the Bank is to comply with the minimum capital requirement for banks in Ghana, as mandated by the Bank of Ghana.
CAL Bank in a notice to shareholders for an Extraordinary General Meeting seeks “that authorisation be and is hereby given for an increase in the stated capital of the Bank from GHc350 million to GHc400 million.”
Dividends
Cal Bank did not pay any dividend to shareholders for the financial year 2017 as the bank seeks to meet the Bank of Ghana’s (BoG’s) minimum capital requirement.
According to the Bank, this may have a consequence of reducing the funds available for the bank's recapitalisation before the December deadline.
Latest Stories
-
Mr President, Ghana was mentioned at the UN; why aren’t we talking about it?
3 hours -
Accra to convene Africa’s regulators and markets on tokenisation at AVAS 2026
3 hours -
The Paradox of Plenty — When every smartphone becomes a newsroom
3 hours -
GTA sensitises taxi drivers in ‘Know Ghana’ tourism campaign
4 hours -
Archbishop Agyinasare calls for responsible speech amid growing social media abuse
5 hours -
‘It will be inexcusable for gov’t not to honour payment of teachers’ arrears by 30th October’ – Haruna Iddrisu
5 hours -
Forbes’ World’s Best Employers 2026: No Ghanaian firm ranked among 900 companies
5 hours -
Electronic processing of teachers’ data: ‘The decision is the Controller’s’ – GES boss
5 hours -
Teachers’ Strike: Haruna Iddrisu questions paper-based processing of promoted teachers’ data
5 hours -
Savannah Region: Kunfusi bridge collapses again, leaving nearly 4,000 residents cut off
5 hours -
Teachers’ strike: GES targets Monday deadline to submit promotion data to Controller
5 hours -
Inflation to average 11.3% in 2027 – Fitch Solutions
6 hours -
‘I didn’t campaign for NDC to come and do this nonsense’ – Kpebu on EOCO’s conduct
6 hours -
Fitch Solutions maintains policy rate forecast of 14% by December 2026
6 hours -
Diaspora Nasara Caucus congratulates Mohammed Ali Suraj, new NPP executives
7 hours