Renowned banker Johnson Oware has been appointed as the new deputy managing director of Calbank PLC, one of Ghana’s indigenous banks. His appointment officially takes effect on Monday, January 20, 2025.
CalBank has announced that Mr. Oware, bringing over 20 years of expertise and a strong track record, will lead the growth and expansion of the bank’s corporate, commercial, and retail operations. The new deputy MD steps into the role with a focus on transaction, corporate, retail, and commercial banking.
The bank also expressed confidence in Mr. Oware’s extensive experience in leading business development efforts and driving growth in sales, digital banking, structured trade, and commodity finance. They added that his expertise in credit appraisal and project management is equally invaluable.
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Johnson Oware joins Calbank from Ecobank, where he served as the Head of Corporate Banking.
“We are delighted to welcome Johnson Oware to the CalBank family. As we gear up for significant growth in the years ahead, it is essential to have the right leadership in place to deliver value to our stakeholders. Johnson’s wealth of experience and track record of high performance make him an excellent addition to our team. We are confident he will play a key role in driving CalBank’s business forward.”, the board chairman of the bank remarked on the new appointment.
The new deputy MD says he is “thrilled to join this esteemed institution” adding that “I look forward to contributing to the bank’s objectives and delivering exceptional value to all our stakeholders.”
Johnson Oware holds a BSc in Administration from the University of Ghana and an MBA in Finance from the University of Leicester. He also holds a Diploma in Public-Private Partnership from the University of Raking (UK).
His appointment comes at a time when the indigenous bank is under a time crunch to restore its negative Capital Adequacy Ratio by the end of this quarter through internal reforms and shareholder support.
CalBank is currently undergoing a restructuring phase after some senior-level managers were dismissed last year. The bank says the action was necessary as part of urgent measures to address financial impairments and restore its capital base.
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