Banks in Ghana

Banks and Saving banks in Ghana



Ghana's banking system has been the tool former governments have used to develop the economy. Talking about banking institutions, the Bank of Ghana is the central bank in the country, and it is the ruler of the system, following international norms.

 

In the past, banks only worked for a few elite, and their functions were just investing in banks. Now this situation has changed and now banks are open to everyone, meaning they have new products and poor people in Ghana can also have their money in banks.  Almost 10% of the population have their money in those commercial banks.

 

Banks have become more efficient and competitive, the financial system now is more diversified than before since it has 26 banks operating in the country. Half of them are controlled by Ghanaians, and the other 50% are foreign; Nigeria has one of the strongests and the largest sectors in Africa (Access Bank Ghana, for example, is a Nigerian Bank with branches in the country). Agricultural Development Bank of Ghana, CAL Bank, Barclays Bank or Bank of Africa are examples of banks operating in the country. That landscape of an increasing banking system has made it more competitive, and concentration of assets in few banks is declining year after year.

News related with Ghana Banks


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STATEMENT: PWC Predicton Of Exciting Times For Banks In Ghana - Peace FM Online

... Exciting Times For Banks In GhanaPeace FM Online... Plus Hadzide, said PWC also "predicted a meaningful growth and exciting innovations", basing it arguments on "improvement in operational effic...

 

Bank of Ghana Accepts OmniBank, Sahel Sahara Bank Merger - dailyguideafrica.com

... Bank Mergerdailyguideafrica.com“In view of this, we are grateful to the Bank of Ghana, our cherished customers and all other stakeholders for their support and cooperation. We are committed to supporting the Bank of Ghana in its quest to ensure stability, confidence and growth i...

 

Ghana Stock Exchange: SEC approves Energy Bank's IPO to raise ... - african-markets.com

... Stock Exchange: SEC approves Energy Bank's IPO to raise...

 

'Greedy bastards' invested in collapsed banks – Kennedy Agyapong - GhanaWeb

... invested in collapsed banks – Kennedy AgyapongGhanaWebOn August 1, 2018, the BoG consolidated five local banks; Beige Bank, Constru...

 

Banks closure will ensure sanity in the sector – BoG - GhanaWeb

... in the sector – BoGGhanaWebThe Second Deputy Governor of the Bank of Ghana (BoG), Elsie Addo Awadzi, has explained the Central bank's decision to clean-up the banking and financial sector. The clean...

 

Greedy bastards invested in collapsed banks – Ken Agyapong - GhanaWeb

... bastards invested in collapsed banks – Ken AgyapongG...

 

 

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