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 Morocco (),, ) officially the Kingdom of Morocco, is the westernmost country in the Maghreb region of North Africa. It overlooks the Mediter ...

, 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

. 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 Adabraka is a town in the Korley Klottey Municipal Assembly, a Municipality of the Greater Accra Region of Ghana. It was the first and the most posh neighborhood in Ghana during the British era. Education Adabraka was known for the O'Reilly Sen ...

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,

# Maamobi Business Office – Hertz House, Nima Highway,

# 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,

# 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,

# 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 A cantonment (, , or ) is a military quarters. In Bangladesh, India and other parts of South Asia, a ''cantonment'' refers to a permanent military station (a term from the colonial-era). In United States military parlance, a cantonment is, essent ...

, 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,

# East Legon Business Office – 38B Lagos Avenue, East Legon,

# 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 ...

# 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,

# Tema Business Office – Tema Town Centre,

# Sokoban Agency – Office Space# 1, Sokoban Wood Village,

External links

Bank of Africa Ghana Limited HomepageBank of Africa Group Acquires 60% Ownership In AmalBank

References

{{reflist, 30em Banks of Ghana Companies based in Accra Banks established in 1997 Bank of Africa Group Ghanaian companies established in 1997

History

Ownership

Branch network

External links

See also

References