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CalBank Backs Trailblazing EdTech to Close Skills Gap in Ghana

Maynard Championby Maynard Champion
November 18, 2025
Reading Time: 4 mins read
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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 has reaffirmed its commitment to shaping the future of Ghana’s young people with its strong participation in the 2025 edition of the Tertiary Unlocked programme.

The Bank, through its Youth Banking Unit, continues to focus on equipping young Ghanaians with practical financial knowledge and the essential skills that allow them to transition successfully into tertiary education and the evolving world of work.

Speaking at the event, the Head of Youth Banking at CalBank, Nannie Abankwah, highlighted the bank’s long-term vision for youth development. She noted that the partnership with Tertiary Unlocked fits seamlessly into CalBank’s strategy of empowering the next generation of innovators, leaders, and professionals.

According to her, the Youth Banking Unit is deliberate about creating value for young people by offering them platforms that enhance their financial literacy, personal growth, and career readiness.

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“Tertiary Unlocked creates the space for students to discover themselves, build confidence, and design a purposeful academic journey. As a bank that believes in youth empowerment, we are proud to be part of a programme that helps shape future leaders.”

Nannie Abankwah

Event Engages Students With Real-World Learning

The 2025 edition of the event, held at the CalBank Head Office in Accra, brought together senior high school graduates, career coaches, facilitators, and industry experts. Themed “Designing Your Tertiary Journey: Learn, Innovate, Succeed,” the programme exposed participants to design-thinking methodologies, hands-on problem-solving activities, and career development tools essential for navigating both academic life and the job market.

Students were guided through interactive sessions that encouraged critical thinking, creativity, and introspection. The event provided a unique blend of theory and practical engagement, helping participants understand the demands of tertiary education and the expectations of future employers.

Through presentations, group workshops, and role-play exercises, participants explored ways to discover their strengths and passions—insights crucial for making informed academic and career decisions

Task2Hire Launched to Bridge the Skills Gap

One of the major highlights of Tertiary Unlocked 2025 was the highly anticipated launch of Task2Hire, a groundbreaking edtech solution created to equip tertiary students and young graduates with the soft skills necessary to excel in competitive work environments.

The platform was introduced during a reflective Self-Discovery Workshop led by Akua Ampah, Founder and Lead Consultant of ClearPath Career Consult and convener of Tertiary Unlocked. She explained that the initiative responds to a critical need: students increasingly require exposure to real-world tasks, mentorship, and practice-based learning.

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“Today’s students need more than academic knowledge they need exposure, mentorship, and the ability to solve real problems. Task2Hire is designed to help them build those competencies intentionally.”

Akua Ampah

According to her, the Self-Discovery Workshop played an essential role in preparing participants to engage purposefully with the new platform. By first grounding students in an understanding of their strengths, values, and career aspirations, the workshop ensured they could use Task2Hire to align learning with real opportunities.

The event also featured the dynamic Problem-Solving and Pitch Challenge, where student teams presented bold, innovative proposals on how organisations can attract and retain Gen Z talent. The challenge encouraged students to think critically about workplace culture, inclusivity, performance management, and technological tools that resonate with their generation.

The winning teams received a package of mentorship opportunities, internship placements, and other prizes sponsored by CalBank and its partner organisations. This segment underscored the programme’s objective of empowering students not only to learn but to create and influence change.

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The pitch challenge showcased the creativity and determination of the participating youth, demonstrating that with the right support systems, Ghana’s next generation of workers and leaders is well-positioned to thrive.

CalBank’s Long-Term Vision for Ghana’s Youth

CalBank maintains that investing in young people is central to building a resilient and innovative future for Ghana. The bank says it will continue supporting youth-focused programmes like Tertiary Unlocked, which encourage financial literacy, responsible career planning, and the cultivation of essential soft skills.

The institution’s growing portfolio of youth development initiatives reflects its belief that Ghana’s Gen Z population is ready to rise—equipped with the creativity, technological insight, and willingness to challenge norms that are necessary for national transformation.

By backing trailblazing innovations such as Task2Hire and engaging students through thought-provoking platforms, CalBank is helping shape a generation capable of driving Ghana’s economic and social progress in the years ahead.

READ ALSO:Amid 2026 Budget Optimism, Underlying Fiscal Challenges Require Caution, Prof Peprah Presages

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Tags: CalBank Youth BankingCalBank youth empowermentEdtech solutions GhanaGen Z skills gap GhanaGhana tertiary education supportGhana youth development programmesSoft skills development GhanaTask2Hire launch GhanaTertiary Unlocked 2025
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