TLG Capital announced today that it is commencing a private placement partnership with Calbank Ghana, through its Africa Growth Impact Fund (AGIF).
CalBank is Ghana’s leading independent bank, which commenced operations in July 1990, and is considered one of the most innovative banks in Ghana. For over three decades, CalBank has been a pillar of strength for the Ghanaian financial services sector. The bank is passionate about community involvement activities and believes in investing and developing the community.
Since inception, the bank strongly believes that education, healthcare, and culture are the foundations of social, economic and community development and associate priority to the underprivileged. CalBank remains at the fore of financial intermediation in the country – from stimulating capital market engagements (it is one of the few banks listed on the Ghana Stock Exchange (GSE)), to financing major infrastructure projects, with a strong retail presence.
Also read: Ghana’s economy to hit US$70B in 2021
CalBank’s objective to be Ghana’s leading digitised bank, has seen it introduce innovative electronic banking solutions to the Ghanaian market such as its short code banking and its QR Code payment platforms. With over 29 branches and agents, 99 ATM locations and numerous POS terminals across Ghana, CalBank is poised to deliver enhanced value to customers and shareholders.
TLG’s partnership with Calbank demonstrates its resolve to support the financial inclusion of the underbanked but also the intent to support SMEs, which otherwise do not have access to growth capital. SMEs are pivotal to the Ghanaian economy and create a significant impact in the communities they operate. TLG is impressed by the bank’s unique commitment to support the Ghanaian SME sector which resonates with TLG’s goal to empower African entrepreneurs.
