CalBank raised GH¢1.16 billion in a rights issue, exceeding its target, to strengthen its finances and support growth.

CalBank Plc raised GH¢1.164 billion in a rights issue and private placement, exceeding its GH¢900 million target, with 1,799 shareholders participating at GH¢0.29 per share. The oversubscription reflects strong investor confidence in the bank’s turnaround, governance, and strategic vision. The funds will strengthen its balance sheet, expand operations, upgrade technology, and support growth in priority sectors. The capital raise marks the final phase of a two-year restructuring, positioning CalBank for innovation, improved customer service, and sustainable expansion.