Quick Answer: How many private banks are in Ghana?

Ghana’s banking and finance industry consists of 32 private banks.

How many banks are there in Ghana?

How Many Banks Are in Ghana 2020? 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.

How many government banks are in Ghana?

Currently, there are 27 universal banks operating in the country with 16 foreign-owned and 11 Ghanaian-own, with 6 banks holding more than half of the total assets of the sector.

Which bank 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.

What is the best investment bank in Ghana?

Best Banks in Ghana 2020

  • Societe General Ghana. Societe General is one of the biggest banks in Ghana with assets. …
  • Bank of Africa Ghana. Bank of Africa Ghana Limited, also referred to as BOA Ghana, is a commercial bank in Ghana. …
  • ABSA Ghana. …
  • GCB. …
  • Standard Charted Bank Ghana. …
  • Stanbic bank Ghana. …
  • Fidelity Bank. …
  • Zenith Bank.
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Which bank is best for savings in Ghana?

Top 6 Best Savings Accounts in Ghana (2020)

  • Our Favorite Account Overall: ABSA’s Savings Account.
  • Best for the Highest Interest Rate: OmniBank’s Savings Account.
  • Best Savings Accounts for Foreign Currencies: SC’s Saving Account.
  • An Overall Good Account: Zenith Bank’s Savings Account.

Which bank is good 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 International Bank in Ghana?

Absa Bank. Formerly known as Barclays Bank, is one of the well known banks in Ghana and worldwide. It was established in Ghana in 1957.

Which bank are they using in Ghana?

State-owned National Investment Bank (NIB) currently operates as a universal bank in Ghana with a focus on development/commercial banking services. The bank also serves as a major lender to the country’s agro-processing, building and construction, manufacturing, and service sectors.

What is the highest denomination of Ghana cedis?

The new cedi was gradually phased out in 2007 in favor of the “Ghana cedi” at an exchange rate of 1:10,000. By removing four digits, the Ghana cedi became the highest-denominated currency unit issued in Africa.

Ghanaian cedi
Cedi banknotes
ISO 4217
Code GHS

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.

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Is HSBC bank in Ghana?

HSBC has announced plans to install a representative office in Ghana, reports GhanaWeb. HSBC stands as one of the largest financial institutions in the world, and has been investing in several government projects and deals in the last few years.

Do we have access bank in Ghana?

Access Bank Ghana is a full service commercial Bank offering universal banking services to Corporate, Commercial, Retail customers and Financial Institutions across Ghana. … Today, Access Bank serves nearly the entire population across 52 locations in major cities and commercial centres.

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 can I open a bank account 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.
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