Cal Bank Limited

CAL Bank Limited (CAL) is an indigenous bank established in Ghana, CAL Bank, formerly Continental Acceptances Limited and then CAL Merchant Bank Limited was incorporated in March 1989 in Ghana as a private limited liability company. Founding shareholders included the International Finance Corporation (IFC), Commonwealth Development Corporation (CDC) of UK and Vanguard Assurance Limited (Ghana), a leading Ghanaian insurance company.

The Bank commenced operations as a local merchant bank in 1990 with the sole aim of providing truly differentiated world-class banking solutions. CAL acquired a Universal Banking License in 2004 and in the same year undertook an initial public offer that was 4.5 times oversubscribed. In 2009, per the Central Bank of Ghana’s (BOG) directive for local banks to raise their stated capital to GHS 25 million, CAL undertook a successful rights issue in September 2009. This enabled the Bank to attain the GHS 25 million BOG capital requirements in 2009, a year ahead of the 2010 deadline. In 2012, CAL undertook a further capital raise through a GHS 75 million private placement which was more than 2 times oversubscribed, admitting major international private equity investors and development finance institutions into the Bank’s shareholding.

The Bank currently has three wholly owned subsidiaries. CAL Brokers Limited is a locally incorporated securities broker and a licensed dealing member of the Ghana Stock Exchange. CAL Asset Management Company Limited is licensed as a fund manager and investment advisor by the Securities & Exchange Commission of Ghana. CAL Bank Nominees Limited (“CAL Nominees”) holds and administers assets as a custodian.

  • ISIN Code: GH0000000649
  • Issued Shares: 548,261,549
  • Authorised Shares: 1,000,000,000
  • Registrars: Central Securitied Depository
  • Location: 23 Independence Avenue
  • Address: P. O. Box 14596, Accra, Ghana
  • Telephone: 030 268 0061-69, 268 0079, 268 5091
  • Fax: 030 268 0081, 268 0083  
  • Email:
  • Website:
Previous Price0.95
Trading Price0.95
Price Change0
Shares Traded100
Download Resources Contact Us