CalBank Appoints Daniel Sackey as New Board Chairman, Signals Strategic Renewal
CalBank PLC has officially announced the appointment of Mr. Daniel Nii Kwei-Kumah Sackey as the new Chairman of its Board of Directors effective March 20, 2025. The appointment which was approved by the Bank of Ghana and endorsed by shareholders marks a new era of leadership for the bank as it positions itself for sustainable growth and innovation.
Mr. Sackey takes over from Mr. Joe Mensah who has served as Chairman since 2019. According to an official statement from CalBank, the leadership transition is part of a broader effort to re-energize the bank’s strategic direction and corporate governance.
His appointment alongside other distinguished board members reflects CalBank’s renewed commitment to driving sustainable growth profitability and innovation within Ghana’s banking sector, the statement noted.
Mr. Sackey brings over three decades of banking experience to his new role. His impressive career spans leadership roles in Ghana, Zimbabwe and Rwanda, particularly within the Ecobank Group, where he championed digital transformation, regulatory compliance, and operational efficiency.
Commenting on his appointment, Mr. Sackey expressed both gratitude and determination.
It is an honour to lead CalBank’s Board at such a pivotal time. The Bank has demonstrated resilience and strategic focus in achieving remarkable financial recovery. Together with my fellow board members, we are committed to steering the Bank towards sustained profitability and innovation, ensuring value for shareholders and stakeholders alike, he said.
Alongside Mr. Sackey, four other highly experienced professionals have been appointed to the Board:
• Mr. Johnson Delali Oware – Appointed as Executive Director and Deputy Managing Director
• Mr. Kwadwo Brantuo Mpeani – Chartered Accountant and former EY Partner
• Yvonne Ofosu-Appiah – Renowned investment professional
• Gerrit Muller – Seasoned investment expert
These appointments reflect CalBank’s vision of consolidating its position as a leading player in Ghana’s banking industry through strong leadership and sound governance.
Managing Director of CalBank, Mr. Carl Asem, expressed optimism about the new leadership team, describing it as a positive step toward strengthening the Bank’s position in the market.
The new appointments will reinforce the Bank’s strategic position in the Ghanaian market, helping it to create more value for its customers, employees, shareholders, investors, and local communities through sustainable business practices,” he said.
Mr. Asem also highlighted the bank’s recent financial performance as a clear sign of resilience and effective strategy. The Bank’s audited financial results for 2024 showed a significant turnaround, with Profit Before Tax reaching GH¢414.2 million—a sharp recovery from previous years’ losses.
As the new Board takes over, stakeholders will be watching closely to see how the leadership team executes its vision for transformation, innovation and long-term value creation in Ghana’s evolving financial landscape.