Bank of Africa Ghana Limited, also referred to as BOA Ghana, is a commercial bank in
Ghana
Ghana (; tw, Gaana, ee, Gana), officially the Republic of Ghana, is a country in West Africa. It abuts the Gulf of Guinea and the Atlantic Ocean to the south, sharing borders with Ivory Coast in the west, Burkina Faso in the north, and To ...
. It is one of the
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 cor ...
s licensed by
Bank of Ghana
The Bank of Ghana ( BoG) is the central bank of Ghana. It is located in Accra and was formed in 1957. The bank is active in developing financial inclusion policy and is a member of thAlliance for Financial Inclusion
History
The Central Ban ...
, the
central bank
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union,
and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...
of Ghana, and the national banking regulator. the bank has 33 branches in 2015.
BOA Ghana is a large financial services provider in Ghana. , the total asset valuation of the bank was estimated at US$300 million (GHS:735.5 million). The bank is a member of
Bank of Africa Group
Bank of Africa (BOA) is a Moroccan banking conglomerate headquartered in Casablanca, Morocco, with banking operations in Morocco and eighteen other African countries. Its main predecessor entities started in 1959 in Morocco and in 1982 in Mali. ...
, a multinational, Pan African bank headquartered in Bamako, Mali, with presence in fourteen African countries, including Benin, Burkina Faso, Burundi, Democratic Republic of the Congo, Djibouti, Ghana, Kenya, Ivory Coast, Madagascar, Mali, Niger, Senegal, Tanzania and Uganda. The group also maintains an office in Paris, France.
History
The bank was incorporated in 1997, as
Amalgamated Bank Limited. In 2006, ''Meeky Enterprises'' of
Nigeria
Nigeria ( ), , ig, Naìjíríyà, yo, Nàìjíríà, pcm, Naijá , ff, Naajeeriya, kcg, Naijeriya officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf o ...
, acquired 49% shareholding in AmalBank. At that time, Meeky was also a major shareholder in
Oceanic Bank
Oceanic Bank International, commonly referred to as Oceanic Bank, was a bank in Nigeria that provided individual, commercial and corporate banking services.
History
Oceanic Bank was incorporated on March 26, 1990, as a private limited liability ...
, a Nigerian financial services provider which was later acquired by
Ecobank Nigeria
Ecobank Nigeria Limited, commonly referred to as Ecobank Nigeria, is a commercial bank in Nigeria. It is one of the commercial banks licensed by the Central Bank of Nigeria, the national banking regulator.
Overview
The bank began operations in 1 ...
. In April 2011, majority shareholding (60%) in AmalBank was acquired by the
Bank of Africa Group
Bank of Africa (BOA) is a Moroccan banking conglomerate headquartered in Casablanca, Morocco, with banking operations in Morocco and eighteen other African countries. Its main predecessor entities started in 1959 in Morocco and in 1982 in Mali. ...
. AmalBank rebranded to Bank of Africa (Ghana)
Ownership
The
stock
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...
of Bank of Africa (Ghana) is owned by the following corporate entities and individuals.
Branch network
In 2015, the bank had 23 branches at the following locations:
# Farrar Avenue Branch – C131/3 Farrar Avenue,
Adabraka,
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, , ...
# Amakom Business Office – 323 24 February Road, Amakom,
Kumasi
Kumasi (historically spelled Comassie or Coomassie, usually spelled Kumase in Twi) is a city in the Ashanti Region, and is among the largest metropolitan areas in Ghana. Kumasi is located in a rain forest region near Lake Bosomtwe, and is the ...
# Adum Business Office – 10 Mission Road, Adum,
Kumasi
Kumasi (historically spelled Comassie or Coomassie, usually spelled Kumase in Twi) is a city in the Ashanti Region, and is among the largest metropolitan areas in Ghana. Kumasi is located in a rain forest region near Lake Bosomtwe, and is the ...
# Maamobi Business Office – Hertz House, Nima Highway,
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, , ...
# New Town Business Office – B Plaza, Hill Street at New Town-Pigfarm Road,
New Town
New is an adjective referring to something recently made, discovered, or created.
New or NEW may refer to:
Music
* New, singer of K-pop group The Boyz
Albums and EPs
* ''New'' (album), by Paul McCartney, 2013
* ''New'' (EP), by Regurgitator, ...
# Accra Central Business Office – Ollivant Arcade,
Accra Central
# Ridge Business Office – C875 A/3 Kanda Highway Extension, Ridge,
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, , ...
# Michel Camp Road Business Office – Aseidua Plaza, Tulaku,
Tema
Tema is a city on the Bight of Benin and Atlantic coast of Ghana. It is located east of the capital city; Accra, in the region of Greater Accra, and is the capital of the Tema Metropolitan District. As of 2013, Tema is the eleventh most popul ...
# Spintex Business Office – Batsona-Spintex Road,
Tema
Tema is a city on the Bight of Benin and Atlantic coast of Ghana. It is located east of the capital city; Accra, in the region of Greater Accra, and is the capital of the Tema Metropolitan District. As of 2013, Tema is the eleventh most popul ...
# Tamale Business Office – 8 Daboya Street, Old Market,
Tamale
A tamale, in Spanish tamal, is a traditional Mesoamerican dish made of masa, a dough made from nixtamalized corn, which is steamed in a corn husk or banana leaf. The wrapping can either be discarded prior to eating or used as a plate. Tamale ...
# Osu Business Office – Cantonments Road,
Cantonments,
Osu
# Takoradi Business Office – 10 Market Circle,
Takoradi
Sekondi-Takoradi is a city in Ghana comprising the twin cities of Sekondi and Takoradi. It is the capital of Sekondi – Takoradi Metropolitan Assembly and the Western Region of Ghana. Sekondi-Takoradi is the region's largest city and an indus ...
# Kwashieman Business Office – 248 Motorway Extension, Kwashieman,
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, , ...
# East Legon Business Office – 38B Lagos Avenue, East Legon,
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, , ...
# Dansoman Business Office – 300 Dansoman Estates,
Dansoman
Dansoman is a suburban town in the Greater Accra Region of Ghana, located near Accra and Takoradi district of the Accra Metropolitan Area. The town is known for being one of the largest estates in West Africa.
History
The town was founded by th ...
,
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, , ...
# Madina Business Office – Hollywood Road at Madina Zongo,
Madina
Medina,, ', "the radiant city"; or , ', (), "the city" officially Al Madinah Al Munawwarah (, , Turkish: Medine-i Münevvere) and also commonly simplified as Madīnah or Madinah (, ), is the second-holiest city in Islam, and the capital of the ...
# Abossey Okai Business Office – Mortuary Road, Abossey Okai,
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, , ...
# Tema Business Office – Tema Town Centre,
Tema
Tema is a city on the Bight of Benin and Atlantic coast of Ghana. It is located east of the capital city; Accra, in the region of Greater Accra, and is the capital of the Tema Metropolitan District. As of 2013, Tema is the eleventh most popul ...
# Sokoban Agency – Office Space# 1, Sokoban Wood Village,
Kumasi
Kumasi (historically spelled Comassie or Coomassie, usually spelled Kumase in Twi) is a city in the Ashanti Region, and is among the largest metropolitan areas in Ghana. Kumasi is located in a rain forest region near Lake Bosomtwe, and is the ...
External links
Bank of Africa Ghana Limited HomepageBank of Africa Group Acquires 60% Ownership In AmalBank
See also
*
Bank of Africa Group
Bank of Africa (BOA) is a Moroccan banking conglomerate headquartered in Casablanca, Morocco, with banking operations in Morocco and eighteen other African countries. Its main predecessor entities started in 1959 in Morocco and in 1982 in Mali. ...
*
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 Limit ...
*
AmalBank
Amalgamated Holdings and Securities Limited, commonly known as AmalSec & Securities Subsidiaries, is a commercial financial and securities outfit in Ghana.
History
The firm was incorporated in 1997. In 2006, 49% shareholding in AmalSec was pur ...
*
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 hydr ...
*
Bank of Africa Kenya Limited
Bank of Africa Kenya Limited (BOA Kenya), is a commercial bank in Kenya. It is one of the commercial banks licensed by Central Bank of Kenya, the country's central bank and the national banking regulator.
Overview
BOA Kenya is a mid-tier bank ...
*
Bank of Africa Rwanda Limited
*
Bank of Africa Tanzania Limited
Bank of Africa Tanzania Limited, also known as BOA Tanzania (BOAT), is one of the commercial banks in Tanzania that have been licensed by the Bank of Tanzania, the country's central bank and national banking regulator.
Location
The headquarte ...
*
Bank of Africa Uganda Limited
Bank of Africa Uganda Limited, also known as BOA Uganda (BOAU), is one of the commercial banks in Uganda that have been licensed by the Bank of Uganda, the country's central bank and national banking regulator.
Location
The headquarters and ...
References
{{reflist, 30em
Banks of Ghana
Companies based in Accra
Banks established in 1997
Bank of Africa Group
Ghanaian companies established in 1997