CAL bank has appointed the Acting Director General of SSNIT Ernest Thompson as a member of its board of directors.
Ernest Thompson was appointed by the board of the bank as a director on the 6th of February this year to fill a casual vacancy.
The vacancy was created following the resignation of Ernest Kakra Essamuah last year.
His election as a director was one of the resolutions passed by shareholders at the bank’s Annual General Meeting (AGM) today.
The bank which saw its profits grow from a little over GhC49 million to GHC92 million for last year will also pay its shareholders GHC 0.053 per share in divedends for 2013.
Addressing shareholders at the bank’s Annual General Meeting in Accra, Board Chairman of the bank, Paarock VanPercy revealed that the bank paid GHC 33 million to government in taxes last year.
CAL Bank has over the last five years seen consistent growth in profits.
By: Vivian Kai Mensah/citifmonline.com/Ghana