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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Nana Takes On Banks - dailyguideafrica.com

... our own country Ghana, the banks have in the last 20 or 30 years been very content with making lots of money by doing passive things and not being particularly involved in the risk-taking that contributes...

 

Ghanaian banks need real reform policies - Akufo-Addo - GhanaWeb

... need real reform policies - Akufo-AddoGhanaWebAccording to Akufo-Addo, who is determined to move Ghana beyond aid, despite foreign ...

 

The BEIGE bank GHC100m away from BoG's GHC400m – CEO - GhanaWeb

... GHC100m away from BoG's GHC400m – CEOGhanaWebChief Executive Officer of BEIGE has confirmed that The BEIGE Bank (TBB), its unive...

 

We will continue to be development partner to Ghana - SG Ghana - GhanaWeb

... partner to Ghana - SG GhanaGhanaWebHe said there were encouraging signs of emerging competition within the Ghanaian Banking industry and this was portrayed by the entry of new Banks into the market, the i...

 

How Ghana became one of Africa's top Mobile Money Markets – 2017 Global Findex data - GhanaWeb

... top Mobile Money Markets – 2017 Global Findex dataGhanaWebAs industry leaders and policy makers struggled to determine where they went wrong, they came to focus on the Bank of Ghana's 2008 Branchless ...

 

First National Bank Ghana launches first-ever cash rewards for card swipes - Myjoyonline.com

... swipesMyjoyonline.comFirst National Bank Ghana Ltd has launched the first-ever cash rewards programme in Ghana that rewards customers for everyday non-cash transactions. Cardholders who use their Visa debit cards to make purchases will earn back a percentage of the ...and more »...

 

 

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