CAL bank (CAL) recorded a 23.22% dip in pre-tax profits for the first quarter of 2017 (Q1-2017). Total Profits before tax fell from GHS 58,389,000 in Q1-2016 to GHS 44,831,000. The fall in pre-tax profits reflected the challenges the bank continues to face with regards to the energy sector debts yet to be repaid to … Read more
Trade facilitation and revenue mobilization company, GCNet has presented 17 million Ghana cedis to the Ministry of Finance as dividend for its operations in 2016. The company earlier paid 10 million cedis to government in 2016 as the first installment. Speaking to Citi Business News after presenting the cheque, the Executive Chairman of GCNet, Dr. … Read more
Trade facilitation and revenue mobilization company, GCNet has presented 17 million Ghana cedis to the Ministry of Finance as dividend for its operations in 2016. The company earlier paid 10 million cedis to government in 2016 as the first installment. Speaking to Citi Business News after presenting the cheque, the Executive Chairman of GCNet, Dr. … Read more
Latest 2016FY audited accounts for HFC Bank (HFC) show that the listed bank continues to under-perform among its industry peers. High risk exposure during the 52 weeks period contributed to the dwindling fundamentals of the company. Although Interest Income over the one year period increased by 9.93%; from GHS 251,081,000 in 2015FY to 276,012,000 in … Read more