Who controls the Bank of Ghana?

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

Is the Bank of Ghana Independent?

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.

Is Bank of Ghana under Ministry of Finance?

The Governor of the Bank and his Deputy were appointed by the Governor of the Gold Coast on the recommendation of the Prime Minister, in accordance with Section 10(1) of the 1957 Ordinance. … The Board itself was also answerable to the Ministry of Finance for efficient management of the Bank.

Who regulates savings and loans in Ghana?

The Bank of Ghana shall have overall supervisory and regulatory authority in all matters relating to banking and non-banking financial business with the purpose to achieve a sound, efficient banking system in the interest of depositors and other customers of these institutions and the economy as a whole.

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Who is the board chairman of Bank of Ghana?

Board of Directors

1. Dr. Ernest Addison Governor (Chairman)
2. Dr. Maxwell Opoku-Afari 1st Deputy Governor
3. Mrs. Elsie Addo Awadzi 2nd Deputy Governor
4. Mr. Charles Adu-Boahen External Director

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 money does Ghana use?

Ghanaian cedi

Who is the Minister of Finance in Ghana 2020?

Ken Ofori-Atta | Ministry of Finance | Ghana.

Where is Ghana cedis printed?

In the case of Ghana, he said the cedi is printed by De La Rue, a security printing firm based in the United Kingdom. “We have done with firms in Germany and France too; these are security printers and the cost is a huge one.

What is the name of the Chief Justice of Ghana?

The current chief justice is Kwasi Anin-Yeboah. He succeeded Sophia Akuffo as the first male chief justice of Ghana in twelve years. Anin-Yeboah was sworn in as Chief Justice by President Akufo-Addo on 7 January 2020.

How do I start a bank in Ghana?

Requirements for Opening a Personal Bank Account in Ghana

  1. A valid form of identification such as a passport.
  2. Proof of residence.
  3. Tax Identification Number.
  4. Passport Pictures.
  5. Work and residence permit.
  6. A letter of introduction from your banking institution in your home country.


What is the new banking act in Ghana?

Act 930 of the Banks and Specialised Deposit-Taking Institutions Act 2016 is the primary statute governing banking industry in Ghana. … The new banking law has consolidated the laws relating to deposit taking and regulates institutions that carry on deposit-taking business.

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What is the minimum capital requirement for banks in Ghana?

Perhaps, one of the most significant components of the banking sector reforms is the new minimum capital directive issued on 11 September 2017. The directive required universal banks operating in Ghana to increase their minimum stated capital to GHS400 million by the end of 2018.

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.

Ernest Addison.

Dr. Ernest Addison
Born Ernest Kwamina Yedu Addison 1963 (age 57–58) Ghana
Nationality Ghanaian
Residence Accra, Ghana

How old is Fidelity Bank in Ghana?

It is one of the twenty-seven licensed commercial banks in the country. Fidelity Bank is headquartered in Accra, at Ridge Towers.

Fidelity Bank Ghana.

Type Public
Founded 2006
Headquarters Accra,
Number of locations 75 branches
Key people Edward Effah (Chairman), Jim Baiden (Managing Director)

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.

Maxwell Opoku-Afari
President Nana Akuffo-Addo
Personal details
Born Ghana
Residence Accra, Ghana
Across the Sahara