Frequent question: How many banks are in Ghana?

Ghana’s banking and finance industry consists of 28 private banks. The Bank of Ghana serves as the country’s central monetary authority.

What are the names of banks in Ghana?

Bank of Ghana (BOG) – The central bank of Ghana established on the 4th March 1957. Barclays Bank of Ghana – The second largest bank in Ghana. It operates a network of over 60 branches and 137 ATMs across the country. Barclays has been operating in Ghana for over 95 years.

What is the biggest bank in Ghana?

GCB Bank Limited formally known as Ghana Commercial Bank is the largest bank in Ghana in terms of total operating assets and share of industry deposits, with 14.2% of total industry deposits.

What is the richest bank in Ghana?

Ghana Commercial Bank Limited (GHS 2.463 billion)

This makes GCB the richest bank in Ghana in terms of its assets. It is a bank that has over 205 ATMs with a total of a hundred and sixty (160) branches nationwide.

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What is the safest bank in Ghana?

Global Finance has named GCB Bank Limited as the Safest Bank in Ghana. Of the 33 banks in Ghana only GCB is mentioned in the release which also identified safest commercial and emerging markets among others.

Which bank is best in Ghana?

Top Banks in Ghana

  • The top banks in Ghana are:
  • GCB Bank Limited. …
  • Ecobank Ghana (EBG) …
  • Zenith Bank of Ghana. …
  • Barclays Bank of Ghana. …
  • Agricultural Development Bank. …
  • uniBank Ghana. …
  • Société Générale Ghana Ltd.

How many banks are in Ghana 2020?

The total number of banks currently operating as universal banks in Ghana stands at twenty-three (23). In effect, the number of banks has shrunk by eleven (11), representing a 32% decline from the 34 banks that operated as universal banks prior to the coming into effect of the new minimum capital directive.

What are the top 10 banks in Ghana?

Best banks in Ghana

  1. Access Bank (Ghana) Access Bank Ghana belongs to the more extensive Access Bank Group based in Lagos, Nigeria. …
  2. ADB (Agricultural Development Bank) …
  3. CAL Bank. …
  4. Ecobank Ghana. …
  5. Fidelity Bank. …
  6. GCB (Ghana Commercial Bank) …
  7. FAB (First Atlantic Bank) …
  8. Universal Merchant Bank.

18.03.2021

Which bank in Ghana has the highest interest rate on savings account?

If you’re going for the absolutely highest interest rate OmniBank offers it — historically they seem to always have the highest interest rate of any bank in Ghana, currently around 12% -> 13%, however personally we do not have experience with this bank unlike the other banks on this list.

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Which bank is best?

According to the most recent Federal Reserve data, the top 10 retail banks in the U.S. by assets are:

  • Chase Bank.
  • Bank of America.
  • Wells Fargo.
  • Citibank.
  • U.S. Bank.
  • Truist Bank.
  • PNC Bank.
  • TD Bank.

How can I grow my money in Ghana?

Here are 5 ways to invest your money in Ghana

  1. Fixed deposits. Also referred to as term deposits are quite straightforward as they employ the simple interest formula for calculating interest. …
  2. Mutual Funds. …
  3. Shares. …
  4. Treasury Bills. …
  5. Bonds.

28.07.2020

Which bank is reliable?

Best banks and credit unions

Financial institution Best for …
Ally Bank Overall, customer service
Discover Bank Overall, cash-back rewards
Alliant Credit Union Overall, ATM availability
One Finance Overall, flexible overdraft options

Who owns Bank of Ghana?

This article may be in need of reorganization to comply with Wikipedia’s layout guidelines.

Headquarters Accra, Greater Accra, Ghana
Established 1957
Ownership 100% state ownership
Governor Dr. Ernest Kwamina Yedu Addison
Central bank of Ghana

How many banks were closed in Ghana?

Ghana has over the past one year been embroiled in a banking crisis with the closure of seven banks, the assumption of two by GCB Bank Ltd and the consolidation of the others into new one, writes *Etornam Nyalatorgbi.

Across the Sahara