These 10 best foreign banks in Ghana have contributed immensely to the growth the economy in Ghana. Although there have been much competition within from local banks, these international banks have strive to also stay in the industry.
Policies and regulations in the banking sector by the Central bank has made it easy for entry of these foreign banks. There is less restrictions which have invited many foreign enterprises to invest in Ghana.
Since their establishment in Ghana, they have been excellent and trustworthy. Most of these foreign banks are owned by either individuals or by both companies and individuals through stock exchange.
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This list of 10 best foreign banks in Ghana are recognized as good for investment through their customer relationship, financial support and kind of services they provide. In other ways, some people tend to deal more with foreign banks than with some of the locals in Ghana.
This is sometimes understandable in the sense that, most people perform their business outside the shores of Ghana. With these foreign bank, since their companies and subsidiaries are spread out across the globe, many customers are able to access their accounts and performance financial transactions whether they are in the world.
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10 Best Foreign Banks In Ghana
Absa Bank
This bank is a subsidiary of Absa Group Limited as it was also formerly known as Barclays Bank Limited. Absa Group Limited is listed on the JSE in South Africa and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 42,000 employees.
Standard Chartered
This bank is a subsidiary bank of Standard Chartered PLC, a London-based company in the United Kingdom. It’s was established in 1896 making it one of the oldest banks in Ghana. The name was change from Bank of British West Africa to Standard Chartered.
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Stanbic Bank Limited
Stanbic Bank Ghana is a subsidiary of Standard Bank Group, which operates out of 20 countries in Africa and 12 in other parts of the world.
Zenith Bank Limited
This bank was incorporated on April 2005 under the Banking Act 2004 (Act 673) and started operations in September 2005. Zenith Bank was founded by Jim Ova and the bank isn’t one of the largest commercial banks in Nigeria.
Access Bank
This bank has it headquarters situated in Lagos, Nigeria and has other branches across Central, West and East African countries.
Fidelity Bank Limited
Currently, a tier 1 bank, Fidelity is committed to becoming a top 3 bank in Ghana with international standards. The continued growth of the Bank culminated in the establishment of Fidelity Asia Bank Limited (FABL) in Labuan, Malaysia in July 2012 as a wholly-owned Asian subsidiary in Malaysia.
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United Bank for Africa Limited
United Bank for Africa Plc (UBA) is a Nigerian pan-African financial institution group headquartered in Lagos, Nigeria. It has subsidiaries in 20 African countries and offices in London, Paris and New York.
Ecobank
A regional commercial bank operating in 36 African countries. The shares of Ecobank Transnational Inc., the parent company of Ecobank, are traded on three West African stock exchanges, namely: the Ghana Stock Exchange (GSE), the Nigerian Stock Exchange (NSE) and the BRVM stock exchange in Abijan, Ivory Coast.
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Bank of Africa Limited
The bank is a member of Bank of Africa Group, a multinational, Pan African bank headquartered in Bamako, Mali. It’s also presence in 14 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.
Guaranty Trust Bank Limited
Guaranty Trust Holding Company PLC also known as GTCO PLC is a multinational financial services group, that offers retail and investment banking, pension management, asset management and payments services, headquartered in Victoria Island, Lagos Nigeria.
