Which bank is the first in Ghana?

Which bank is the first bank in Ghana?

The Bank of British West Africa (BBWA) was registered as a limited liability company by the directors of Elder Dempster and began trading on March 31 1894, initially in England and in Lagos. Of the 3,000 shares issued, Alfred Jones took up 1,753 and his partners, Alexander Sinclair and W.J.

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.

When did banking start in Ghana?

The Ghana Commercial Bank was established in 1953 as the first indigenous bank to reduce the control of the banking sector by the two expatriate banks. Immediately after independence in 1957, the Bank of Ghana was established to take control over the management of the country’s currency.

What is the richest bank in Ghana?

Ghana Commercial Bank Limited (GHS 2.463 billion)

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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.

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.

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.

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 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
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Do we have first bank in Ghana?

Our History. FBNBank Ghana Limited is a subsidiary of First Bank of Nigeria Limited, West Africa’s premier bank and Nigeria’s number one bank brand. FBNBank Ghana Limited was formerly International Commercial Bank (ICB) which commenced operations in Ghana in November 1996.

What is the highest denomination of Ghana cedis?

The Ghanaian New Cedi was introduced on July 3, 2007 and is equal to 10,000 old (Second) Cedis. It was the highest-valued currency unit issued by sovereign countries in Africa in 2007. One Ghanaian New Cedi is divided into one hundred Ghana pesewas.

Who owns Bank of Ghana?

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

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

How many banks are in Ghana 2020?

The total number of banks currently operating as universal banks in Ghana stands at twenty-three (23).

Across the Sahara