List Of Banks In Ghana
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List Of Banks In Ghana
Below is a list of commercial banks in Ghana, as of March 2020. Banks # Absa Bank Ghana Limited # Access Bank Ghana Plc # Agricultural Development Bank of Ghana # Bank of Africa Ghana Limited # CalBank Limited # Consolidated Bank Ghana Limited # Ecobank Ghana Limited # FBN Bank Ghana Limited # Fidelity Bank Ghana Limited # First Atlantic Bank Limited # First National Bank Ghana First National Bank Ghana Limited (FNBGL), commonly referred to as First National Bank Ghana, is a commercial bank in Ghana. It is licensed by the Bank of Ghana, the central bank and national banking regulator. Location The bank's headquarters ... # Ghana Commercial Bank, GCB Bank Limited # Guaranty Trust Bank, Guaranty Trust Bank Ghana Limited # National Investment Bank, National Investment Bank Limited # OmniBSIC Bank Ghana Limited # Prudential Bank Limited # Home Finance Company, Republic Bank Ghana Limited # SG-SSB, Société Générale Ghana Limited # Stanbic Bank, Stanbic Bank Ghana Limit ...
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Commercial Bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with corporations or a large/middle-sized business to differentiate it from a retail bank and an investment bank. Commercial banks include private sector banks and public sector banks. History The name ''bank'' derives from the Italian word ''banco'' "desk/bench", used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of banking activity can be found even in ancient times. In the United States, the term commercial bank was often used to distinguish it from an investment bank due to differences in bank regulation. After the Great Depression, through the Glass–Steagall Act, the U.S. Congress required that commercial banks only engage in ba ...
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OmniBSIC Bank Ghana Limited
OmniBSIC Bank Ghana Limited is a commercial bank in Ghana that is licensed by the Bank of Ghana, the central bank and national banking regulator. It was created by the merger of the erstwhile ''Omni Bank Ghana Limited'' and ''BSIC Ghana Bank Limited''. Location The headquarters of the bank and its main branch, are located at Atlantic Tower, Airport City, in Accra, Ghana's capital. As of April 2020, the geographical coordinates of OmniBSIC Bank's headquarters are:05°36'31.0"N, 0°12'31.0"W (Latitude:5.608611; Longitude:-0.208611). Overview OmniBSIC Bank Ghana Limited is a retail bank that serves large corporations, small and medium enterprises, individuals and non-governmental organisations in Ghana. As of March 2019, the bank's total assets were GHS:1.22 billion (approx. US$215 million), with shareholders' equity of in excess of GHS:400 million (approx. US$70 million). At that time, the bank served over 125,000 customers at 46 brick-and mortar branches and employed 614 perm ...
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Banks Of Ghana
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the an ...
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Economy Of Ghana
The economy of Ghana has a diverse and rich resource base, including the manufacturing and exportation of digital technology goods, automotive and ship construction and exportation, and the exportation of diverse and rich resources such as hydrocarbons and industrial minerals. These have given Ghana one of the highest GDP per capita in West Africa. Owing to a GDP rebasement, in 2011 Ghana became the fastest-growing economy in the world. The Ghanaian domestic economy in 2012 revolved around services, which accounted for 50% of GDP and employed 28% of the work force. Besides the industrialization associated with minerals and oil, industrial development in Ghana remains basic, often associated with plastics (such as for chairs, plastic bags, razors and pens). 53.6% of Ghana's workforce were employed in agriculture in 2013.Clark, Nancy L. "Agriculture" (and subchapters). A Country Study: Ghana' (La Verle Berry, editor). Library of Congress Federal Research Division (November 1994). ...
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List Of Banks In Africa
This is a list of banks in Africa, arranged by country. Algeria Central bank * Bank of Algeria Commercial public banks * Algérie Poste * Banque Capitale Du Benin Commercial private banks * Arab Bank * Arab Banking Corporation * Banque Capitale Du Benin * BNP Paribas * Calyon * Citibank * HSBC * Natixis * Société Générale Angola Central bank * Central Bank of Angola Commercial banks and other financial institutions * Banco Africano de Investimentos * Banco de Desenvolvimento de Angola * Banco de Poupança e Crédito * Banco do Brasil * Banco do Comércio e Indústria * Banco Espírito Santo Angola Benin Central bank * Central Bank of West African States Banks and other financial institutions * African Investment Bank * Bank of Africa Bénin * Banque Atlantique * Banque Internationale du Bénin * Banque Sahélo-Saharienne pour l'Investissement et le Commerce * BGFIBank Group * Diamond Bank * Ecobank * Financial Bank Bénin * Société Générale * United Bank f ...
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Development Bank Of Ghana
The Development Bank Ghana (DBG) is a government-owned development bank in Ghana. Owned by the government of Ghana, the institution has received grants and loans for on-lending to Ghana's commercial banks, from the African Development Bank, the World Bank Group, the European Investment Bank, and the German Development Bank. The DBG focuses on providing indirect loans to small and medium enterprises (SMEs), with less than 100 employees each. A key area of interest in their immediate and long term plans is environment, social and governance focus to help build a sustainable economy in Ghana. Fostering solid collaborations to support growth in the economy, generate jobs, and strengthen the capabilities of SMEs is the goal of DBG. DBG offer de-risking services and long-term funding, supported by technology and research and insights that are founded on solid facts. DBG additionally aims to draw in, nurture, and keep talented individuals. Run as a self-sufficient, eminently successful ...
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Citibank
Citibank, N. A. (N. A. stands for " National Association") is the primary U.S. banking subsidiary of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York. The bank has 2,649 branches in 19 countries, including 723 branches in the United States and 1,494 branches in Mexico operated by its subsidiary Banamex. The U.S. branches are concentrated in six metropolitan areas: New York, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami. It was founded as City Bank of New York and became National City Bank of New York. It has had an important role in war bonds. It has had a role in international events including the U.S. invasion of Haiti. History Early history The City Bank of New York was founded on June 16, 1812. The first president of the City Bank was the statesman and retired Colonel, Samuel Osgood. After Osgood's death in August 1813, William Few beca ...
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Zenith Bank
Zenith Bank Plc is a large financial service provider in Nigeria and Anglophone West Africa. It is licensed as a commercial bank by the Central Bank of Nigeria, the national banking regulator. As of 31 December 2019, it holds $16.1bn in total assets, with shareholders' equity of $854 million. The company is listed on the Nigeria Stock Exchange and the London Stock Exchange. Founder The founder of Zenith bank plc is Jim Ovia. History The Nigerian banking industry of the early 1990s was led by a select group of four major banks: Union Bank, First Bank, UBA , and Afribank. In 1999, Zenith bank embraced the use of the internet for marketing financial services and to promote the use of online banking by consumers and becoming one of the earliest companies to invest in online banking. In the early 2000s, Zenith's profile began to rise, its investments in information technology helped it compete against the major banks that had a larger branch outreach and it soon began to annou ...
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Universal Merchant Bank
The Universal Merchant Bank, formerly known as Merchant Bank Ghana Limited, is a Ghanaian financial institution headquartered in Accra. History Established on 15 March 1972, the Universal Merchant Bank began its operations as a merchant bank. Over time, the institution expanded its services to encompass retail banking, following the acquisition of a universal banking license in 2005. Branch Network The bank's headquarters is situated in the capital city of Ghana, Accra. It operates through various branches and subsidiary entities across multiple locations: # Head office - Located at the SSNIT Emporium Building on Liberation Road, Airport City, Accra Accra (; tw, Nkran; dag, Ankara; gaa, Ga or ''Gaga'') is the capital and largest city of Ghana, located on the southern coast at the Gulf of Guinea, which is part of the Atlantic Ocean. As of 2021 census, the Accra Metropolitan District, , ... # Abeka UMB Branch - Situated at Opsem House, opposite the SSNIT Building # Ab ...
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United Bank For Africa
United Bank for Africa Plc (UBA) is a Multinational pan-African financial services group headquartered in Lagos and known as Africa’s Global Bank. It has subsidiaries in 20 African countries and offices in London, Paris and New York. In December 2021, UBA received its banking license to commence operations in the UAE. It is listed as commercial bank by the Central Bank of Nigeria. The shares of stock of the group are listed on the Nigerian Stock Exchange The Nigerian Stock Exchange (NSE) now Nigerian Exchange Group is a Nigerian stock exchange founded in 1961 in Lagos. As of November 2019, it has a total of 161 listed companies, with 8 domestic companies on the premium board, 144 companies on the ..., where they trade under the symbol: UBA. The Group Chairman of the bank is Tony Elumelu and the GMD/CEO is Oliver Alawuba. Current executives The table below shows the current Group Board of United Bank for Africa: Overview United Bank For Africa is a large financial ser ...
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Standard Chartered Ghana
Standard Chartered Ghana (officially Standard Chartered Bank Ghana PLC (SCB.GH)) is a banking and financial services company in Ghana, and an 80% subsidiary of Standard Chartered. They are listed on the stock index of the Ghana Stock Exchange, the GSE All-Share Index. Operating since 1896, it is one of the oldest companies in Ghana. It is the successor to the Bank of British West Africa in Ghana. Services Standard Chartered Bank PLC is a financial services institution in Ghana offering a wide range of banking products to the retail, commercial and corporate sectors. They company also offers full-service products, from transactional accounts and electronic banking services to foreign exchange and currency accounts, trade and working capital solutions, international trade accounts and personal overdraft and unsecured loans as well as bancassurance and asset protection services. Management The CEO of Standard Chartered Bank Ghana PLC is Mansa Nettey Mansa Nettey is a G ...
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Stanbic Bank
Standard Bank Group Limited is a major South African bank and financial services group. It is Africa's biggest lender by assets. The company's corporate headquarters, Standard Bank Centre, is situated in Simmonds Street, Johannesburg. History The bank now known as Standard Bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa. The bank's origins can be traced to 1862, when a group of businessmen led by the prominent South African politician John Paterson formed a bank in London, initially under the name Standard Bank of British South Africa. The bank started operations in 1863 in Port Elizabeth, South Africa, and soon after opening it merged with several other banks including the ''Commercial Bank of Port Elizabeth'', the Colesberg Bank, the British Kaffrarian Bank and the ''Fauresmith Bank''. It was prominent in financing and development of the diamond fields of Kimberley in 1867. ...
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