When was Ghana Commercial Bank established?

Who is the owner of GCB bank?

Ownership

Is GCB a government bank?

GCB Bank Ltd. started in 1953 as the Bank of the Gold Coast to provide banking services to the emerging nation for socio-economic development. … The Bank had been wholly government owned until 1996 when under the economic recovery programme part of the government ownership was divested.

What is the new name for GCB?

GCB announces the change of their name from Ghana Commercial Bank Limited to GCB Bank Limited.

When was Bank of Ghana established?

1957

What does GCB mean?

GCB

Is Commercial Bank A private bank?

Private Banks are owned by private individuals and entities whereas commercial banks are the entities that include both private and public banks.

What is the interest rate of GCB bank?

GCB is currently the bank with the lowest base rate in the country. With a base rate of 22.75% down from 26.0% GCB is strengthening its market leadership in the country’s banking industry where some banks have their base rates as high as 27% and 29%.

What is the meaning of GCB in Ghana?

Shareholders at the 19th Annual General Meeting of the Ghana Commercial Bank Limited (GCB) endorsed a proposal by the Board of Directors of the Bank for a change of the Bank’s corporate name.

What are government bonds in Ghana?

Treasury Bonds are medium term debt instruments (securities) issued by the Government of Ghana and sold to individuals or companies to raise funds for a specified time at a fixed or variable interest rate. The bonds have maturity periods exceeding two years.

What is the leading 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 commercial bank function?

A commercial bank is a kind of financial institution that carries all the operations related to deposit and withdrawal of money for the general public, providing loans for investment, and other such activities. These banks are profit-making institutions and do business only to make a profit.

How many banks do we have 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. There are 23 commercial banks in Ghana, 4 Banks with representative offices only, and 1 other banks in Ghana as at March 2020.

Who is the current governor of Ghana?

Ernest Kwamina Yedu Addison (born 1963) is a Ghanaian economist serving as the current and 15th governor of the Bank of Ghana.
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Ernest Addison.

Who is the Deputy Governor of Bank of Ghana?

Maxwell Opoku-Afari is a Ghanaian economist and currently the First Deputy Governor of the Bank of Ghana. He was appointed to this position on August 7, 2017.
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Who is the former governor of Bank of Ghana?

PROFILE OF DR. PAUL AMOAFO ACQUAH

Paul Amoafo Acquah is a former Governor of the Bank of Ghana. He served for two four-year terms ending September 2009 and as the Chairman of the Bank’s Monetary Policy Committee.