Board of Directors

CalBank’s Board of Directors (BoD) jointly oversee the activities of the bank and offers guidance in its operations. It has ultimate responsibility for the success of the Bank and for delivering sustainable shareholder value within a framework of prudent and effective risk and management controls.


Mr. Philip Owiredu
Managing Director

Philip Owiredu is a Chartered Certified Accountant with varied experience in banking, auditing, accounting and consultancy and has been in general management working in the banking sector for 15 years.

Prior to being the MD of CalBank, Philip rose through the rank from Financial Controller upon joining the Bank in December 2004 from KPMG to Executive Director and Chief Finance Officer (ED & CFO). As the Executive Director, his responsibilities included ensuring the provision of optimal support to all the business and operational functional areas of the Bank, implementing the relevant key performance goals under his purview. He also led the development and monitoring of the Bank’s strategic plan and its direction and raising medium to long term funding, mostly from the development financial institutions, to support the asset portfolio of the Bank. Philip also had responsibility for the overall financial management of the Bank, ensuring adherence to regulatory and statutory requirements.

Mrs. Helen Nankani
Non-Executive Director

Mrs. Nankani is a retired Senior Economist who worked with the World Bank for eighteen years. She was one of the pioneers of the World Bank’s work on Privatization of Public Enterprises, and Private Sector Development. She managed projects aimed at determining the economic and financial feasibility of private participation in the water sector principally in South Asia, the Caribbean and Brazil, where she lived for four years. Prior to joining the World Bank, she worked as a consultant with Arthur D. Little Inc., Cambridge, Massachusetts and The United Nations, New York, N.Y. She was also a partner at Financial Development Services, a consulting firm in Arlington, Virginia.

Ms. Rosalind Nana Emela Kainyah
Non-Executive Director
Ms. Rosalind Nana Emela Kainyah is a lawyer by profession and is Managing Director of Kina Advisory Limited (UK), advising companies on how best to contribute to socio-economic development in the countries in which they operate. Rosalind has extensive experience in Government relations, political risk management, social investment and corporate and environmental law, focusing on the mining and oil industries in Africa. She has held senior positions with Tullow Oil plc and De Beers and has advised governments on policy and legislative matters. She holds a BA (English) from the University of Ghana and an LLM from University College, University of London. She was called to the Bar of England and Wales (Gray’s Inn) in 1988 and is a member of the Chartered Institute of Arbitrators.
Mr. Kofi Osafo-Maafo
Non-Executive Director

Mr. Kofi Osafo-Maafo is the Deputy Director General, Investments & Development at Social Security & National Insurance Trust (SSNIT) of Ghana. He is a senior investment professional with 22 years’ experience in the UK investment management and investment banking Industry. Kofi has held senior positions at Pictet Asset Management, Unicredit Bank and HSBC Global Asset Management. He has experience across a wide range of sectors including Oil & Gas, Mining, Building & Construction and Agriculture and Chemicals, covering transactions across Europe, North America, and Global Emerging Markets including Africa. Kofi holds an MA (International Business & Finance) from University of Reading (UK) and a BSc (Economics) from Queen Mary’s College, University of London.

Nana Otuo Acheampong
Non-Executive Director

Nana Otuo Acheampong is a Banking consultant and the Executive head of the Osei Tutu II Centre for Executive Education & Research (OTCEER) in Ghana. Prior to this appointment, he headed the Faculty of Financial Reporting and Investment Banking at the Ghana National Banking College (GNBC) for 4 years – 2008 to 2012.

In 2008, he was appointed to head the Faculty of Financial Reporting & Investment Banking at the GNBC, where he headed various sub-committees. He has been the Chairman of the Award Planning Board of the Ghana Banking Awards (GBA) since 2012.

He holds an undergraduate degree in Accounting & Management Science from the University of Southampton, UK & a postgraduate diploma in Management as well as an Accounting degree from University of Northumbria, Newcastle, UK. He has been a member of the British Accounting Association since 1994 and is currently a member of the Chartered Institute of Bankers in Scotland.

Richard Arkutu
Non-Executive Director

Mr. Richard Arkutu is a finance professional. He worked with the International Finance Corporation (IFC), World Bank Group for 14 years in Infrastructure Development. Prior to this, Mr. Arkutu was the Vice President of Citibank Nigeria, sub-Saharan Africa Corporate Finance and Investment Banking Department, Lagos, Nigeria. Previously he worked as the Manager/ Treasurer for Citibank South & East Africa Corporate Finance Department in Nairobi, Kenya. Mr. Arkutu worked as a senior Financial Analyst for Ashanti Goldfields Company Limited in their Corporate Finance / Treasury department. He has a Master’s degree from McGill University, Montreal, Quebec, Canada as well as a first degree in Business Economics from Vesalius College, Vrije Universiteit, Brussels,


Ben Gustave Barth
Non-Executive Director

Mr. Ben Gustave Barth is a seasoned, multidisciplinary finance and consulting executive with 18 years proven track record in analyzing and assessing risk of investment portfolios and in structuring transactions. At the moment, he is the Managing Director for Axcero Advisors. Prior to this, he was a senior partner with The Highland Group, Accra, and Lagos. He also served as the COO and VP Finance with Chester Engineers Africa Inc., Accra, Lagos, and Pittsburgh (USA). Mr. Barth was the Director of Business Development at Jonah Capital Limited. He also worked with Stanbic Bank Ghana Limited as the regional Operations Head. Prior to this, he worked with Ecobank Ghana and Citibank N.A, New York, USA. Mr. Barth has a Master’s degree from Harvard Business School, Boston, MA, USA and a first degree in Business Administration from the University of Ghana, Legon.

Joseph Mensah
Non-Executive Director

Mr. Joe Mensah has 35 years expertise leading rapid growth strategies, compliance and establishing robust controls in the Banking Sector. He directs business critical projects and instigates change, creates a culture based on performance, efficiency and engagement. Mr. Joseph Mensah was the CEO for Ghana International Bank PLC (London) for 13 years. Prior to this he was the General Manager of Ghana International Bank for 4 years. Mr. Mensah worked as the Head of International Banking at the then Trust Bank Ghana. He also worked with Agricultural Development Bank, Ghana for 15 years. He holds a Master’s degree in Banking and Finance and a Bachelor’s Degree in Business Administration.

Solomon Asamoah
Non-Executive Director

Mr. Asamoah is an investment professional with 25 years of experience in both developed and developing markets. He has personally led over US$4 billion in transactions across the African continent. In April 2017, he was appointed the CEO of the Ghana Infrastructure Investment (GIIF), an investment vehicle, initially capitalized at US$ 250 million, with a mandate to originate, structure and invest in infrastructure –related projects across Ghana. Prior to that, he was advising the Federal Government of Nigeria on the implementation of their infrastructure program. Up until 2016, he was the Vice President of Infrastructure, Private Sector and Regional Integration at the African Development Bank (AFDB). Mr. Asamoah was the Vice President for Private Sector and International Investment at the Development Bank of Southern Africa (DBSA) based in Johannesburg. He was formerly the Special Assistant to the Executive Vice President of the International Finance Corporation (IFC) and Managing Director and later became a principal Investment officer at IFC Johannesburg. Prior to this, Mr. Asamoah was an investment banker with HSBC Markets, London. He has a Master’s degree in Chemical Engineering from Imperial College University of London, UK.

Kweku Baa Yoku Korsah
Non-Executive Director

Mr. Kweku Baa Yoku Korsah is a Strategy and Technology consultant who currently works as a Managing Director for BC Payments Ltd a Fintech in the payments industry. Before then he was the Managing Director for Bluechain Africa Ltd. developers of the payment technology being rolled out by BC Payments Ltd in Ghana. He also worked with JMR Infotech Ghana Ltd as the Chief Executive Officer.  Mr Korsah was the Chief Operating Officer (COO) for Ghana interbank Payment and Settlement Systems Ltd (GhiPSS), he worked as an Internet Marketing Consultant with WSI-Applied Technology and before then was a Partner with KPMG. He is a fellow of the Chartered Institute of Management Accountants, (FCMA), and is a Chartered Global Management Accountant (CGMA). He has an MSc. In Business Systems Analysis and Design from City University, London, UK.

Dr. Cynthia Forson
Non-Executive Director

Dr. Cynthia Forson is currently an Associate Professor in Human Resource Management and Organizational Behavior and Deputy Provost at the Lancaster University Ghana. Prior to this, she was the Head of Department, Management leadership and organization, Hertfordshire Business School. She the Principal Lecturer in HRM, Associate Head of Department and Head of HRM subject group in the same University. Prior to this, Dr. Forson was the Senior Lecturer in HRM and programmer Tutor for BA (Hons) Business Studies programmer at Queen Mary College, University of London, UK. She was also the Teaching and Research Fellow, School of Management at University of Hertfordshire, UK. Dr. Forson was also a lecturer in HRM at Hertfordshire Business School as the Human resource Director. She worked as a Junior Associate, Corporate Law at Maxwell and Maxwell Law office Monrovia Liberia for 4 years. She has a Bachelor of laws from the University of Ghana and a Master of Law (LLM) from the University of Pennsylvania, Philadelphia, USA. Dr. Forson has an MBA from University of Hertfordshire, UK as well as a Doctor of Philosophy (PhD) from Queen Mary’s College, University of London, UK.