It remains one of the domestically controlled flagship banks with strong performance in asset growth and profitability. Starting off as a merchant bank in the 1990’s and transitioning to a universal bank in 2004, Calbank has exhibited strong growth over the years with an increasing number of branches and several ATMs across the country. 4.
Mr. Chairman, financial services remain crucial in promoting economic growth and reducing poverty. It is in this regard that the Bank of Ghana has taken some tough decisions to sanitize the financial sector over the past two years. The objective is to position the sector as a major growth driver, to support the much needed economic transformation of Ghana. 2  5.