Due to the government’s guidelines and policies favor new banks’ registration and licensing, foreign banks in Ghana are taking advantage of the opportunity.
The banking sector has seen a lot of growth Ghana’s banking and finance has enabled the country to stay afloat in the midst of economic downturn.
In this post, we will be looking at the foreign banks that have granted the license to operate in Ghana.
Absa Bank
Absa Bank Ghana Limited, originally Barclays Bank Ghana, was founded in 1917 and provides consumers in Ghana with personal banking goods and services. Additionally, it offers enterprises and corporate clients products and services in the areas of corporate, treasury, and retail. The financial services group oversees a network of more than 70 service locations around the nation, including 164 ATMs, four agencies, three Premier Suites, 52 Branches, and eight Prestige Centers.
Access Bank
With its headquarters in Lagos, Nigeria, the firm began operating in Ghana in August 2009. It also runs in other nations in West, Central, and East Africa. Its universal services cater to almost the whole population of the nation.
EcoBank Ghana Limited
EcoBank has been doing business in Ghana for a while. Following the acquisition of a 100% stake in Trust Bank, EcoBank joined Trust Bank to form EcoBank Ghana Limited. It has 77 branches or so throughout Ghana.
Bank of Africa Ghana Limited
Bank of Africa Ghana was formerly called as Amalbank before changing its name to Bank of Africa in 2011. The bank holds more than 23 branches in Ghana.
Societe Generale Ghana
Société Générale Ghana (SG), previously called Société Générale started functioning as one of Ghana’s banks in 1977. The bank, which was incorporated in 1975 under the name Security Guarantee Trust Limited, is today a division of the Société Générale banking group. After Société Générale’s takeover of a 51% controlling stake in the financial services provider in 2004, the bank changed its name to SG-SSB. Its headquarters are in Accra, and 42 branches are managed by the banking firm.
Stanbic Bank
Standard Bank Group, a South African provider of financial services, gave rise to Stanbic Bank. It was founded in Ghana in 1999 and is now present in roughly 12 other nations. There are around 36 Stanbic Bank locations across the nation.
First Atlantic Bank
Currently a commercial bank in Ghana, First Atlantic Bank was once a merchant bank. In order to boost its capital, it merged with Energy Bank. In Ghana, it has 41 locations. Their goal is to establish a global bank in Ghana.
Zenith Bank
Zenith Bank Ghana is a division of Zenith Bank Plc, a global provider of financial services with headquarters in Nigeria. The bank launched its universal banking business in 2005, providing top-notch banking services to people and businesses all around the nation. Zenith is headquartered in Accra and is in charge of 34 branches nationwide.
Ghana Standard Chartered Bank
It began to exist in 1896. It is a subsidiary of Standard Chartered, a British multinational banking and financial services organization. The longevity of the bank shows how far they have come in their service and delivery.
Guaranty Trust Bank Ghana Limited
The GT bank received a license to operate in Ghana in 2006 and is a subsidiary of the Nigerian multinational bank Guaranty Trust Bank Plc. In Ghana, there are roughly 32 branches.