• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, July 14, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in General News

Dela Sky Urges Bold Steps for Volta Region’s Development

Lilian Ahedorby Lilian Ahedor
January 22, 2025
Reading Time: 6 mins read
Richard Dela Sky on judiciary

Richard Dela Sky

Richard Dela Sky, a lawyer and social activist, has called for development, equitable representation, and accountability in the Volta Region.

He emphasized the need to prioritize infrastructure improvements along the Eastern Corridor, including road upgrades in Hohoe and surrounding areas. Additionally, job creation must take center stage.

Sky highlighted the adverse economic impact of the prolonged Ghana-Togo border closure and stressed the urgency of revitalizing cross-border trade to benefit both the Volta Region and the broader national economy.

“President John Mahama will soon begin his gratitude tour in Ghana from the Volta Region — now, concrete development must follow. The Ho-Denu and Denu-Azizadzi roads require urgent attention, as do the critical stretches from Azizadzi through Adiadenyigba to Weta Junction. These projects must be prioritized to improve connectivity and economic activity.

“Agriculture and agro-industrial development must also experience significant growth. The Volta Region has vast arable land and an economy deeply tied to farming and fishing. Investments in modern agricultural techniques, irrigation, and value addition through agro-processing industries will enhance food security, create jobs, and drive economic growth”.

Richard Dela Sky

Dela Sky emphasized the importance of prioritizing tourism as a key economic driver for the Volta Region. 

ADVERTISEMENT
Culture and Tourisn In Volta Region edited 1
Culture and Tourisn In Volta Region

He noted that the region’s rich cultural heritage and natural attractions remain underutilized and called for strategic investments in tourism infrastructure, including the revival of Ho Airport, to boost both regional and national economic growth.

He also stressed the urgency of completing the long-delayed Keta Port, stalled for nearly eight years by the previous government. 

Over the next four years, Sky urged the new government to ensure the Volta Region receives its fair share of national development while maintaining commitments to other regions.

He described this period as an opportunity to usher in a “Golden Age of Volta,” honoring the region’s unwavering loyalty and contributions to national progress. “However, development must not only focus on roads and industry; critical social needs must also be addressed”. 

He emphasized the need to provide clean drinking water to long-neglected communities like Anyako and Seva.

ADVERTISEMENT

Flood Prevention, Health Improvement Needed in Volta

Furthermore, Richard Dela Sky urged swift reconstruction and fair compensation for communities affected by the Akosombo Dam spillage. 

He also called for a long-term flood prevention plan for Agbozume and Klikor, as well as extending the Keta Sea Defense Wall to shield Anlo and Ketu South from tidal waves and their devastating impacts.

Akosombo Flood Victims
Akosombo Flood Victims

“The region’s health infrastructure also requires urgent attention. While Ho Teaching Hospital serves as a major referral center, many health facilities in rural and peri-urban areas are under-equipped and understaffed. District hospitals, polyclinics, and community health centers must receive the necessary investments in modern medical equipment, adequate staffing, and improved facilities. 

“Additionally, maternal and child health services, ambulance services, and emergency response systems must be strengthened to ensure that quality healthcare is accessible to all, regardless of location. A healthy population is fundamental to sustainable development”.

Richard Dela Sky

Dela Sky also highlighted the urgent need to address the declining quality of education in parts of the Volta Region, once a hub of academic excellence. 

ADVERTISEMENT

He stressed the importance of reviving schools facing challenges such as poor infrastructure, inadequate teaching materials, and teacher shortages. 

He suggested prioritizing scholarships, teacher incentives, and improved facilities is essential for teaching and learning. 

Map of Ghana showing a Volta Region in red and b Districts in the Volta region
Map-of-Ghana-showing-a-Volta-Region-in-red-and-b-Districts-in-the-Volta-region

According to Sky, this will ensure the region continues to produce skilled professionals and intellectuals to drive national development. “The region’s strong and enviable academic heritage must not only be preserved but significantly enhanced”.

He emphasized the need for significant investment in the Kete/Kente-weaving industry, a tradition rooted in the Volta and Ashanti Regions. Communities like Agortime, Seva, and Agbozume should gain better access to raw materials, advanced technology, and global markets. 

He indicated that Volta and Ashanti must position themselves as premier hubs for authentic Kente production and export to meet growing global demand. “Policies that promote branding, intellectual property protection, and large-scale production will position the industry for long-term sustainability and economic empowerment”.

Volta Region Secures Key Roles, Due Process for Appointments Urged

Moreover, Richard Dela Sky noted Volta Region’s significant gains in securing key ministerial and parliamentary roles, including Foreign Affairs, Roads, and Tourism, as well as the First Deputy Speaker and Majority Chief Whip positions. 

According to Sky, while expectations for more appointments remain high, demands must follow due process. 

46559517.295 edited
Hon. Kwame Governs Agbodza (Minister-Designate, Roads) and Hon. Samuel Okudzeto Ablakwa (Minister-Designate, Foreign Affairs)

As such, he condemned the recent vandalism at the Ho Central NDC office, stressing that political representation must be pursued through dialogue, not violence. 

Sky asserted that those behind the vandalism must be identified and held accountable.

“The Volta Region stands at a critical juncture. With the right policies, leadership, and investment, it can emerge stronger, more prosperous, and more influential in national affairs. 

“Now is the time to match words with action and ensure that the people’s loyalty translates into lasting development and opportunity”.

Richard Dela Sky

Dela Sky acknowledged that addressing these issues amidst current economic challenges will take time. 

However, he emphasized the urgency of bold and strategic actions now, warning that delays will worsen inequalities and hardships. 

Prioritizing key initiatives, he noted, can ensure the region’s development needs are no longer neglected. “Every part of the Volta Region deserves attention, and the call for development is inclusive of all”.

READ ALSO: GSE Composite Index Posts 3.46% YTD Gain Amid Rising Market Activity

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: Akosombo and Kpong dams' SpillagedevelopmenteconomyEducationGhana NewsHealthcareMinisterial appointmentNDCTourismVolta Region
ShareTweetShareSendSend
Please login to join discussion
Previous Post

UN Expert Warns Israel’s Genocide Could Spread To West Bank

Next Post

Kenya Eases Travel Rules for African Visitors

Related Posts

Basic School Children   in Ghana receiving instructions from their teacher
General News

One in Three Districts in Ghana Faces Severe Teacher Shortages, Report

July 14, 2026
Foster Buabeng (CEO/Fund Administrator)
General News

Teachers’ Fund Directs Members to Verify Names Across Official Records

July 14, 2026
Honourable Nana Agyei Baffour Awuah
General News

Tribunal Bill Not Practicable, Expensive And Could Delay Hearings— Awuah

July 14, 2026
Deputy Director General of GES in charge of Management Services Professor Smile Gavua Dzisi
General News

GES Rollout Practical Entrepreneurship Programme for SHS Students

July 13, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

Seal of United States Central Command.svg

US Strikes Iran Again Amid Hormuz Strait Standoff

July 14, 2026
Basic School Children   in Ghana receiving instructions from their teacher

One in Three Districts in Ghana Faces Severe Teacher Shortages, Report

July 14, 2026
CalBank Profit Soars 25% to GHS353.6 Million in Strong First Half Performance CalBank PLC has delivered an impressive financial performance for the first half of 2026, posting a remarkable 25 percent increase in Profit Before Tax (PBT) to GHS353.6 million. The outstanding results highlight the bank's successful strategic transformation and underline its growing strength as one of Ghana's leading financial institutions. The latest figures show that Profit Before Tax climbed from GHS283.2 million in the corresponding period of 2025 to GHS353.6 million, driven by robust growth across the bank's core business operations. The performance reflects improvements in lending, customer deposits, fee based services, trading income, and overall operational efficiency. Unlike previous periods where earnings were significantly supported by impairment recoveries, CalBank's latest results demonstrate that its profitability is now being powered largely by the strength of its underlying banking business. Core Banking Business Drives Exceptional Earnings One of the biggest highlights of the first half performance was the remarkable growth in net interest income, which surged by 83 percent to GHS347.5 million. The increase came despite a relatively lower interest rate environment. Interest income rose from GHS399 million to GHS451.5 million as the bank continued expanding its earning assets. At the same time, funding costs fell sharply, with interest expenses dropping from GHS209 million to GHS104 million. This significant reduction in funding costs improved the bank's profitability and demonstrated stronger balance sheet management. CalBank also recorded exceptional growth from non interest income sources as it continued diversifying its revenue streams. Net fees, commissions, and trading income almost doubled, rising by 99 percent to GHS323.3 million from GHS162.7 million during the same period last year. The strong performance reflects increased customer activity across the bank's retail, commercial, and corporate banking segments. The diversified earnings profile places CalBank in a stronger position to withstand changing market conditions while maintaining sustainable profitability. Stronger Earnings Quality Boosts Investor Confidence Perhaps the most significant aspect of CalBank's results is the improved quality of its earnings. During the first half of 2025, impairment recoveries contributed approximately GHS154 million to profits. However, in the latest reporting period, impairment gains accounted for only GHS7 million. This means the overwhelming majority of profits were generated through normal banking operations rather than one off recoveries. The shift highlights the success of management's transformation strategy and provides greater confidence that future earnings will remain sustainable. Industry analysts often view recurring operating income as a stronger indicator of long term financial health than exceptional gains. Assets and Deposits Record Strong Expansion CalBank also recorded significant growth in its balance sheet during the period. Total assets expanded by 30 percent to GHS13.9 billion from GHS10.7 billion recorded at the end of June 2025. Customer deposits increased by the same margin, rising to GHS10.9 billion. The growth in deposits reflects increasing customer confidence in the bank's brand, improved service delivery, and expanding retail and commercial banking operations. Higher deposits also provide the bank with a stable funding base to support future lending and business expansion. The figures reinforce CalBank's growing position within Ghana's competitive banking industry. Bad Loans Decline Dramatically One of the most remarkable achievements during the first half of the year was the dramatic improvement in asset quality. The bank's Non Performing Loan ratio dropped sharply to 10.10 percent from an exceptionally high 51.60 percent recorded at the end of June 2025. The improvement reflects the successful execution of CalBank's balance sheet remediation programme and disciplined credit risk management practices. A healthier loan portfolio reduces future credit losses while creating additional room for prudent loan growth. The significant decline in bad loans also strengthens investor confidence and enhances the bank's overall financial stability. Capital Position Strengthens After Recapitalisation Following its successful recapitalisation in 2025, CalBank has continued strengthening its financial foundation. Its Capital Adequacy Ratio improved dramatically to 18.17 percent from a negative 7.6 percent recorded a year earlier. The turnaround highlights the success of the bank's recapitalisation efforts and demonstrates its renewed financial resilience. Strong liquidity levels further position the bank to support customers, finance new business opportunities, and meet future regulatory requirements with confidence. The improved capital position also creates greater flexibility for expansion while protecting shareholders against unexpected financial shocks. Management Confident of Even Better Results Commenting on the results, Managing Director Carl Selasi Asem described the first half performance as clear evidence that CalBank's transformation strategy is producing sustainable financial outcomes. He said the bank had achieved strong growth across its core businesses while improving funding efficiency, strengthening profitability, enhancing asset quality, reinforcing its capital base, and expanding its balance sheet. Mr. Asem stressed that the latest earnings were driven by the strength of the bank's underlying operations rather than one time recoveries, reinforcing the quality and sustainability of the results. Looking ahead, he expressed confidence that the momentum built during the first half would enable CalBank to deliver an even stronger performance during the remainder of 2026. Management says the bank remains committed to disciplined execution of its strategic priorities, strengthening customer relationships, maintaining prudent risk management, and creating sustainable long term value for shareholders. CalBank's Transformation Continues to Deliver CalBank's latest financial performance paints the picture of a bank that has successfully rebuilt its foundations and is entering a new phase of sustainable growth. With rising profits, stronger capital, expanding customer deposits, healthier assets, and significantly lower bad loans, the bank appears well positioned to compete aggressively within Ghana's banking sector. As economic conditions continue to improve, CalBank's focus on operational excellence and disciplined execution could make 2026 one of the strongest years in the institution's recent history. READ ALSO: GSE Opens Week with Explosive Trading Activity CalBank Profit Soars 25% to GHS353.6 Million in Strong First Half Performance

CalBank Profit Soars 25% to GHS353.6 Million in Strong First Half Performance

July 14, 2026
Foster Buabeng (CEO/Fund Administrator)

Teachers’ Fund Directs Members to Verify Names Across Official Records

July 14, 2026
GSE Opens Week with Explosive Trading Activity

GSE Opens Week with Explosive Trading Activity

July 14, 2026
ADVERTISEMENT
Next Post
kenya visa free

Kenya Eases Travel Rules for African Visitors

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.