• 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

Mahama, Hassan Strengthen Ghana-Tanzania Bilateral Cooperation

Evans Junior Owuby Evans Junior Owu
March 3, 2026
Reading Time: 4 mins read
Mahama @Tanzania 7 1

President John Dramani Mahama has held high level bilateral talks with Her Excellency Samia Suluhu Hassan, President of the United Republic of Tanzania, at the State House in Arusha, reaffirming the enduring partnership between the two countries and outlining a renewed agenda for continental cooperation.

The discussions were held in the spirit of Pan African solidarity and focused on strengthening diplomatic and economic relations between Ghana and Tanzania, while also addressing key regional and global developments.

Both leaders underscored the importance of African unity at a time of evolving geopolitical and economic challenges, stressing the need for coordinated responses rooted in shared values and mutual respect.

Mahama @Tanzania 3

In reaffirming the longstanding ties between the two nations, President Mahama and President Hassan paid tribute to the historic partnership between Kwame Nkrumah and Julius Nyerere.

ADVERTISEMENT

They described that relationship as foundational to modern Pan Africanism and noted that its principles continue to guide cooperation between Ghana and Tanzania. Both leaders agreed that the legacy of their founding leaders must be translated into practical collaboration that delivers tangible benefits to their citizens.

Revitalise Structured Bilateral Engagement

Central to the discussions was the need to revitalise structured bilateral engagement. The two presidents agreed on the urgency of expediting the establishment of a Permanent Joint Commission for Cooperation, which would serve as a formal framework for sustained dialogue and policy coordination across priority sectors.

They also confirmed that discussions are advancing toward a prospective State Visit, during which several bilateral agreements and Memoranda of Understanding are expected to be formalised.

On economic transformation and resource governance, President Mahama highlighted Ghana’s recent reforms in the gold sector. He noted that small scale gold exports had increased significantly, rising from 63 to 104 metric tonnes within nine months, contributing approximately ten billion United States dollars to the national economy.

Mahama @Tanzania 4

He explained that these gains reflect deliberate policy efforts to formalise the sector, enhance transparency, and ensure that natural resources contribute more directly to national development.

ADVERTISEMENT

The President further emphasised the importance of resource sovereignty and value addition. He announced Ghana’s decision to transition away from external cocoa financing arrangements in favour of mobilising domestic resources.

Under this approach, Ghana intends to procure no fewer than 400,000 metric tonnes of cocoa annually for local processing, a move aimed at boosting industrial capacity, creating jobs, and retaining greater value within the domestic economy.

President Mahama is in Arusha as Special Guest of Honour for the twentieth anniversary and opening of the 2026 Legal Year of the African Court on Human and Peoples’ Rights.

ADVERTISEMENT

He described the Court as a distinguished continental institution that plays a vital role in advancing justice, the rule of law, and human rights across Africa. He encouraged member states that have not yet ratified the Court’s Protocol to do so, noting that broader participation would strengthen its legitimacy and impact.

Mahama @Tanzania 6

Tanzania’s Post-Election Processes

Touching on Tanzania’s post election processes, President Mahama commended President Hassan for the establishment of an independent Commission of Inquiry and plans for a Reconciliation Commission.

He observed that such measures demonstrate democratic maturity and a commitment to national cohesion. According to him, inclusive post election mechanisms help reinforce trust in democratic institutions and strengthen multiparty governance.

In his capacity as African Union Champion on Reparations, President Mahama also confirmed that a resolution recognising the transatlantic slave trade as a crime against humanity will be tabled before the United Nations General Assembly on 25 March.

Mahama @Tanzania 5

He expressed appreciation for Tanzania’s principled support for the reparations agenda, noting that sustained continental solidarity is essential for advancing historical justice on the global stage.

The bilateral talks concluded with both leaders reaffirming their commitment to deepening cooperation between Ghana and Tanzania, anchored in shared history, mutual economic interests, and a common vision for Africa’s future.

READ ALSO: GIPC Mobilizes Diaspora Capital at Houston African Conference

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: African Court on Human and Peoples’ RightsArusha State Housebilateral talksCocoa ProcessingGhana Tanzania relationspan-African solidarityPresident John Dramani Mahamareparations agendaresource governanceSamia Suluhu Hassan
ShareTweetShareSendSend
Please login to join discussion
Previous Post

Afreximbank Forecasts Ghana’s Inflation to Rise to 9.9%

Next Post

COMAC Warns of Higher Petroleum Product Prices

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
Dr. Riverson Oppong, CEO of COMAC and Industry Coordinator

COMAC Warns of Higher Petroleum Product Prices

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.