Here are top 12 Best Banks in Ghana for investment: Ghana has a well-structured banking system with was adopted from the first bank established by British. Before independence in 1957, the Bank of British West Africa (BBWA) owned by the British and it was supported by African Banking Corporation.
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In 1953, the Bank of Gold Coast was established and it became the main banking institution in Ghana then Gold Coast. Later, it was separated to the current name, Bank of Ghana.
In 1957, when Ghana gained independence, the country was free to establish its own banking system and created a new currency (Cedi) in July, 1958.
In this era in Ghana, the banking system has developed and transforms differently with the central bank (BOG) as it head. The bank of Ghana has developed and implemented several policies to regulate the banking sector. Now, Ghanaian banks perform different financial transactions and activities.
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Previously, most banks were just operating one branch but now they can boost of several branches both in Ghana and overseas. Although the Ghanaian economy has been hit with several crisis, most banks have been able stand the test or time and progressed even though some have fallen out.
Top 12 Best Banks In Ghana For Investment
These banks below are certified and registered under Bank of Ghana (Central Bank). They are recognized and trustable to work with them.
Ecobank
This is one of the best international banks with banking operations in about 36 African countries. Ecobank (Ecobank Transitional Inc.) is a pan-African conglomerate and the leading independent regional banking group in West Africa and Central Africa. Their services are provided to both wholesale and retail clients.
Standard Chartered Ghana Limited
This bank started operating since 1896 and currently known as Standard Chartered Ghana Limited (previously Standard Chartered Bank). It is one of the oldest banks in Ghana as they took over from Bank of British West Africa in Ghana.
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Ghana Commercial Bank Limited
Did you know this bank is the largest in the country?, it’s a yes. It was established in 1953 and was previously known as Bank of Gold Coast. GCB Bank Ltd was fully government (GCB) until it sold part of its stock to become a Limited liability. It has its main office in Accra and with over 184 branches across Ghana.
Universal Merchant Bank
The Universal Merchant Bank was formally called Merchant Bank Ghana Limited. It operates as a universal bank and engages in retail banking. UMB has several branches across Ghana.
Access Bank Ghana Limited
This is a commercial bank which is a subsidiary and component of the Access Bank Group, a financial institution conglomerate with its headquarters in Nigeria and subsidiaries in other African countries including Ghana.
Fidelity Bank Ghana
The bank was incorporated in 2006 with its headquartered in Accra, at Ridge Towers. This bank operates over several networked branches and VISA enabled ATMs at various locations across Ghana.
National Investment Bank
NIB is a medium-sized financial services provider established by the government of Ghana in 1963. It was earlier recognized as a national development bank until it gain a license to operate as a commercial bank.
Agriculture Development Bank
Did you know Agricultural Development Bank of Ghana was the first development financial enterprise in Ghana? ADB is a development and commercial bank owned by government of Ghana. It’s was established to provide the agriculture sector with financial supports.
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CALBank
CalBank which was established in 1990 is one of the large financial institution retail bank that provide banking services to large corporations, high net worth individuals, non-government organizations, regular customers and small and medium enterprises.
Absa Bank Ghana
Did you know Absa Bank Ghana was formerly known as Barclays Bank of Ghana Limited? yes it was. The has several branches both in Ghana and outside the shores of Ghana. It’s also one of the large banks in the country serving customers with varieties of financial needs.
Stanbic Bank Ghana Limited
Stanbic Bank Ghana Limited is a financial services provider licensed by Bank of Ghana and Securities and Exchange Commission of Ghana with company. They have several branches in Ghana and across Africa.
Prudential Bank
Prudential Bank Limited (PBL), a leading indigenous Ghanaian bank commenced business in August 1996
