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CalBank brokerage unit to resign from Ghana Stock Exchange membership

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CalBank brokerage unit to resign from Ghana Stock Exchange membership

Cal Brokers Ltd.'s shareholder and board intends to resign the company's membership of the Ghana Stock Exchange and exit the brokerage business.

The stock exchange said it will review the firm's application. Upon approval, the CalBank Ltd. unit will cease to operate as a brokerage firm on the bourse.

The move is a normal business decision by Cal Brokers and is not related to any regulatory breaches, Joy Online reported, citing sources.