• 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

Ada MP Advises Chiefs Against Sod-Cutting Ceremonies During Election Year

Evans Junior Owuby Evans Junior Owu
January 17, 2024
Reading Time: 3 mins read
Comfort Doyoe Cudjoe

Comfort Doyoe Cudjoe

In a candid address to traditional leaders in the Ada Constituency, the Minority Second Deputy Chief Whip Comfort Doyoe Cudjoe has cautioned against placing undue faith in government-led sod-cutting ceremonies during election years.

The Ada Member of Parliament urged chiefs not to partake in ceremonies that could be perceived as political maneuvers aimed at influencing electoral outcomes.

Honorable Doyoe Cudjoe strongly asserted that the ceremonial cutting of sod for projects during election years, especially when an incumbent president is nearing the end of their term, should be met with skepticism.

She expressed concerns that such activities might be perceived as political posturing rather than genuine commitments to community development.

ADVERTISEMENT

“Nobody should believe any government cutting sod in an election, and no chief should worry his head by putting on his beautiful kente cloth following any president in an election year who is about to exit power to sit and cut sod for projects; they are just scamming them.”

Comfort Doyoe Cudjoe

This cautionary advice comes against the backdrop of a broader discourse on the timing and authenticity of development projects announced and initiated during election cycles. Sod-cutting ceremonies, a common practice to mark the commencement of projects, often take on symbolic significance, with politicians aiming to showcase their commitment to community development.

Her message resonates with a growing sentiment that critical development initiatives should be detached from the electoral calendar to ensure a focus on long-term, sustainable growth.

Ada MP Urges Vigilance at the Grassroots for Electoral Success

Meanwhile, the Member of Parliament for Ada Constituency, Comfort Doyoe Cudjoe in a rallying call to members and supporters of the opposition National Democratic Congress (NDC) in Ada underscored the critical importance of grassroots vigilance to secure electoral success in the 2024 general elections.

Addressing a gathering of party members in Ada, Honorable Comfort Doyoe Cudjoe emphasized the need for members and supporters of the party to prioritize protecting the integrity of the electoral process at the grassroots level.

Her remarks focused on the significance of the members and supports of the opposition National Democratic Congress to guard against irregularities and ensuring accurate ballot calculations during the 2024 general elections.

ADVERTISEMENT

“We should not focus on Jean Mensa; let us focus on the branch, which is where you get the win and so protect that ballot in your branch and shine and open your eyes when it is time to do the calculation of the ballots and make sure they do the right calculation.

“If you take your eyes off your polling station, that is where they will scam you and steal the elections, and when it gets to Jean Mensa, whatever they brought to her is what she puts together, so protect your ballot at the polling station”

Comfort Doyoe Cudjoe

Honorable Doyoo Cudjoe further highlighted that electoral victories are secured not at higher administrative levels but at the polling station and branch levels hence the need for the leadership of the National Democratic Congress to direct maximum attention to the grassroots, to empower party members to actively engage in protecting the sanctity of the ballot at the most fundamental level of the electoral process.

Recounting on the experiences and some events in the previous election, the Ada Member of Parliament stressed the need for members of the opposition National Democratic Congress to stay attentive and engaged at the grassroots, where the impact of electoral decisions is most directly felt.

The lawmaker’s message serves as a reminder that the strength of the electoral process lies in the commitment and vigilance of party supporters at the foundational levels and according to her by keeping a watchful eye on polling stations, the constituents can collectively contribute to a fair and credible electoral process in the 2024 general elections.

ADVERTISEMENT

READ ALSO: The Perils of Profligate Spending in Election Years: A Call for Fiscal Prudence

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: 2024 Genera;l ElectionsAda ConstituencyComfort Doyoe CudjoeMinority Caucus in ParliamentNational Democratic Congress (NDC
ShareTweetShareSendSend
Please login to join discussion
Previous Post

State Lands Allegations; Judiciary’s Entanglement

Next Post

Sista Afia Laments Over Disappointment

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
Ghanaian artist, Sista Afia

Sista Afia Laments Over Disappointment

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.