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


Bank of Ghana's intervention saved 5000 jobs - Dr Addison - GhanaWeb

... of Ghana's intervention saved 5000 jobs - Dr Addison  GhanaWebThe Gov...

 

SG Ghana's impressive performance renews confidence in banking sector - Myjoyonline.com

... the challenges in Ghana's banking sector, a few banks have been steadily recording impressive growth figures that renew confidence in the sector....

 

Ghana Stocks Seen Primed for 2019 Gains on Spruced-Up Banks - Bloomberg

... Stocks Seen Primed for 2019 Gains on Spruced-Up Banks  BloombergGhana stoc...

 

Banks in Ghana must support the private sector more – Dr Addison says - Pulse.com.gh

... of Ghana's Central Bank, Dr Ernest Addison said the gains of the ongoing reforms in the banking sector and restoration of macroeconomic stability ......

 

Energy Bank engages investors to meet deadline - GhanaWeb

... to meet deadline  GhanaWebEnergy Commercial Bank Limited (ECBL) has indicated that it's currently in talks with some strategic...

 

Energy Bank IPO flops, shareholders turn to private placement to recapitalise - Graphic Online

... shareholders turn to private placement to recapitalise  Graphic OnlineThe Energy Commercial Bank Limited (ECB) has been unable...

 

Ghana Finance - Banking bust | West Africa - The Africa Report

... bust | West Africa  The Africa ReportDespite the trauma and job losses caused by the failure of several small Ghanaian banks, ...

 

 

Add a New Bank in Ghana

Bank's name:

 

Bank's Webpage (URL):

 

Select a Country: