Bank Account Registration In Ghana

Are you 18 years and above and interested in bank account registration in Ghana?

According to Bank of Ghana, there 23 commercial banks, 4 banks with representatives offices only and one other bank that operating currently. These banks include both private and stated-owned as well as local and foreign banks. Every individual and company is eligibility to open an account with these banks provided you qualify for their requirements.

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Certain findings by Edem Trends Gh have shown that many tend to search on how to open an account in Ghana or online. Hence, we are providing the public the answers to their questions. Opening an account with any of the banks in Ghana is very simple and less time consuming.

By following this few and simple guild lines provided by us in this article, you are good to go.

Bank Account Registration in Ghana

How much do I need to open a bank account in Ghana?

During the registration of a bank account, one must make an initial deposit to activate the account. The initial deposit varies from one bank to the other but mostly between Ghc20.00 to Ghc50.00 depending on the type of account (current or personal account). For corporate entities or company, it might be different.

READ ALSO: List of Commercial Banks in Ghana

Which bank is the safest in Ghana to open an account with?

Ghana Commercial Bank is regarded as the safest bank in Ghana and it’s owned by the state or government but there other banks you can open an account with. These banks will be provided below in this article.

Requirements for opening an account in Ghana as an individual

To open a personal bank account in Ghana, you will need to fill a form at any branch of your preferred bank with the help of the customer service personnel. The following are the documents that will be a guarantee to your account opening;

  • A valid form of identification such as a passport, Ghana Card, Voter’s ID and others.
  • Proof of residence
  • Tax Identification Number
  • Passport Pictures
  • Copy of current Utility bill

Requirements for opening an account in Ghana as a company 

  • Certificate of Incorporation and Certificate of Registration.
  • Two passport-size pictures of the Signatories to the account.
  • Proof of identification such as passport.
  • Proof of residential address for all directors and signatories
  • Company physical address confirmation
  • Annual returns (for companies registered over one year ago)
  • Revenue stamp and constitution of the society if not registered
  • Residence permit (if the account signatories are foreigners)
  • A letter of introduction

Requirements for opening an account in Ghana as a foreigner

  • A valid form of identification such as a passport.
  • Proof of residence.
  • Tax Identification Number
  • Passport Pictures
  • Work and residence permit.
  • A letter of introduction from your banking institution in your home country.
  • Some banks may request a reference letter from an account-holder of the bank to which you are applying in Ghana and/or a letter of reference from your employer.

Can i open an account in foreign currency in Ghana?

Yes, you can….. it is known as a foreign account where your currency for transactions will be in the major foreign currencies in the world. Also, you can receive money outside the shores of Ghana, all you will need is your bank account number, beneficiary name and bank Swift code.

Below are some banks you can have a bank account registration with in Ghana;

  • Universal Merchant Bank
  • Standard Chartered Bank
  • Zenith Bank Ghana
  • Ecobank Ghana
  • UBA Ghana
  • Barclays Bank
  • Societe Generale
  • Stanbic Ghana
  • Fidelity Ghana
  • Access Ghana
  • Absa
  • Agricultural Development Bank
  • Bank of Africa
  • Prudential Bank
  • Cal Bank
  • National Investment Bank
  •  Consolidated Bank Limited

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