• 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

Ministerial Nominees’ Approval: Would I Feel Safe To Leave My Drink Or Food With Any Of Them Again?- Sam George

Maynard Championby Maynard Champion
March 28, 2023
Reading Time: 3 mins read
Sam Nartey George

Sam Nartey George

Member of Parliament for Ningo-Prampram, Sam Nartey George, has raised concerns over the actions of some members of the minority caucus, who defied the orders of the National Democratic Congress (NDC) party to disapprove new appointees of President Nana Addo Dankwa Akufo-Addo.

Sam George wondered if it was safe to leave his food or even drink with any of his colleagues again, as he felt let down and stabbed in the heart. In a Facebook post, he described his feeling of pain, after the recent occurrence in Parliament.

“I feel let down by the fact that in those hallowed Chambers of Parliament, I hold the unfortunate singular record of being the only victim of Bryan Acheampong’s brutality and machinations at the National Security Ministry. The scars of Ayawaso West Wuogon by-election are still very fresh on my mind and even though as a Christian, I have told myself to forgive, it is hard to forget.

“How could my colleagues, some of whom marched with me to the Police HQ to demand justice, vote for the man who caused me such pain? Where is the sense of camaraderie? Are we not Comrades in the struggle again? Would I feel safe to leave my drink or food with any of them again?”

Sam George

The MP for Ningo-Prampram claimed that these thoughts have haunted him, since the event on Friday at Parliament. “Is this the Caucus I have rushed to defend always in the past? Is it really worth that hustle? See why I have kept quiet?”, he asserted.

He further stated that “on the other hand, I am part of the Caucus that has let down and stabbed right in the heart, our base and supporters. How do I explain to my Constituents? How do I respond to the several calls from the Constituency asking me why?”

ADVERTISEMENT
Sam George
Sam George

“What explanation can I give? What excuse could ever be fitting? A majority of the Caucus may have voted against the nominees but the dent of the few who for whatever considerations voted otherwise, is collective. We are all an endangered species now, it is not a thing of pride nor prestige at this time, to call yourself an NDC MP.

“How did we sink so low from the heroes and heroines of January 6, 2021? How do we fix this conundrum we find ourselves in? How do we rise together again as one unit as we did the night, we elected the Speaker? I am struggling to find answers so you see why I have been quiet.”

Sam George

Apt Contemplation

However, Sam George urged the NDC to regroup as soon as possible, in order to have a suitable self-examination as a party because they (NDC MP’s) owe this much, to the leadership of the party.

“We owe it to our presumptive Flagbearer, John Dramani Mahama. We owe it to our own legacies. It would demand us being less emotional and more logical and strategic in our thinking and approach going forward.

“It would be an arduous task to win back the love of our base and trust of Leadership but it is a task we must undertake. We have no options but to dig in deep and make the next 18 months count for our party. Rough the tides may be but ashore we must guide our vessel… God be our guide.”

Sam George

READ ALSO: I Don’t Have Evidence Akufo-Addo’s Ministers Enticed NDC Mps With Cash– Ayariga

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: BetrayalghanaMinisterial NomineesNDCSam Nartey George
ShareTweetShareSendSend
Please login to join discussion
Previous Post

Slamm Technologies, AmaliTech Forms Partnership, Signs MoU To Boost Digital Employability Skills

Next Post

Mahama Is The Presumptive Flagbearer For The NDC- CDD Fellow

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
Former President, John Dramani Mahama.

Mahama Is The Presumptive Flagbearer For The NDC- CDD Fellow

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.