Discover the best banks in Ghana for the wealthy, providing tailored financial services and exclusive benefits.
The British are often credited as being the ones who initiated the construction of the first official banking system in West Africa, more especially in the area of Africa that is home to Ghana.
The Bank of British West Africa (abbreviated as BBWA) was founded in 1894 and has been wholly owned and operated by the British government ever since.
Up to the year 1957, it was supported financially by the African Banking Corporation.
In 1918, as a result of the extraordinary success of BBWA’s operations in the Gold Coast, the respected Colonial Bank, an expatriate financial institution, took the astute choice to establish its presence and participate in banking activities in the area.
This decision was in response to the exceptional success of BBWA’s operations in the region. Colonial Bank, which was already well-known and respected, and Anglo-Egyptian Bank, which was already well-known and revered, merged in the year 1925.
In 1953, the Bank of England, led by Alfred Eagleston, took the initiative to form the acclaimed Bank of Gold Coast.
The Bank of England was guided in this endeavor by Alfred Eagleston. This exceptional financial institution grew to prominence quickly, firmly establishing itself as the major banking body in the country.
The bank has taken on the role of monitoring things pertaining to currency, banking that is targeted toward businesses, as well as personal banking via its wide network of branches located all across the nation.
The previously stated financial institution then experienced a division, which led to the foundation of two distinct financial institutions: the Bank of Ghana, which is recognized as the Central Bank of Ghana, and a separate commercial bank that largely serves the banking requirements of corporate entities.
Ghana became the country’s official name when it was able to declare its independence from British colonial authority in 1957 and later adopt it as the country’s official designation. This occurred on the Gold Coast.
At this point in time, the country was given the authority to create its very own financial system, and it immediately set to work developing a brand new national monetary standard.
The respected Alfred Eagleston, who was acting as the Governor of the Bank of Ghana at the time, supervised the creation of the Cedi during the month of July in the year 1958. This event took place in Ghana.
During the early 1960s, Ghana’s banking institutions and overall financial system were faced with a number of severe issues.
Soon after it gained its independence, Ghana was hit hard by a severe economic crisis that was brought on by the country’s socialist policies.
This era of upheaval lasted until 1983, when there was a shift from economic socialism to an economy based on market forces. Since then, things have been quite stable.
It is notable that the banking system in Ghana has rigorously adopted a number of policies in order to align itself with the predominating tendencies noticed in the Western world in the modern era.
This was done in order to align itself with the current landscape.
The year 1989 saw the beginning of Ghana’s participation in the Stock Exchange, which was a significant achievement. Since that time, Ghana has worked assiduously with the International Monetary Fund (IMF) to develop and put into practice policies that are forward-thinking.
These policies aim to reinforce the banking system in Ghana, guaranteeing its resilience and assuring its smooth operation in order to reduce the likelihood of a financial crisis occurring.
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Table of Contents
GCB Bank
In the year 2013, GCB Bank Limited, headquartered in Accra, underwent a name transformation from Ghana Commercial Bank to its current designation. This bank is one of the best banks in Ghana for the wealthy.
The institution was established in the year 1953 under the name of the Bank of the Gold Coast, with the noble purpose of extending its financial services to the individuals engaged in agriculture, entrepreneurship, and commerce within the country.
GCB Bank Ltd., established in 1953 as the Bank of the Gold Coast, embarked on a noble mission to offer comprehensive banking solutions to the burgeoning nation, with the ultimate aim of fostering socio-economic progress and advancement.
GCB Bank Limited, a distinguished financial institution, proudly maintains its headquarters in the vibrant city of Accra.
In a strategic move that exemplifies their commitment to progress, they embraced their current name in the year 2013, having previously operated under the title of Ghana Commercial Bank.
The establishment of the Bank was initiated with the primary objective of catering to the specific needs of Ghanaian traders, business individuals, and farmers who were unable to secure assistance from foreign banks.
This institution presently provides an extensive array of financial products and services to their valued clientele. This diverse range encompasses individuals, as well as small- and medium-sized enterprises, parastatal companies, and large corporations.
This banking institution presently provides an extensive array of financial products and services to its clientele, encompassing individuals, small and medium-sized enterprises, parastatal institutions, and large corporations.
Total Assets
As of March 2021, the total assets of the institution were valued at GHS 16.39 billion. As of September 2021, GCB Bank’s total assets amounted to approximately 17.6 billion Ghanaian cedis.
Ecobank Ghana (EBG)
This bank has a fantastic presence in 36 countries throughout Africa, where they provide their valued clients with outstanding financial services.
Evergreen Bank Ghana, often known simply as EBG, takes great pride in holding the title of being the first Ghanaian financial institution to be awarded a coveted universal bank license by Ghana’s recognized central bank.
This honor was bestowed on Evergreen Bank Ghana in the year 1993. The acclaimed Trust Bank first opened its doors for business in the year 1989.
However, it was eventually purchased by the financial institution Ecobank Transnational in the year 2002. Trust Bank had been in existence since 1989.
In addition to their extensive selection of payment and transfer alternatives, credit cards and loans, electronic banking products, microfinance solutions, and investment possibilities, their well regarded institution also provides specialist financial services that are intended to cater to Islamic financing activities.
Ecobank Ghana, one of the best banks in Ghana for the wealthy, is happy to have a staff of 1,741 hardworking individuals as of the year 2021. These personnel tirelessly serve their distinguished clients throughout their broad network of 67 locations. The whole of the bank’s assets are valued at more than one billion dollars.
Their valued institution is a major pan-African financial conglomerate, boasting an enormous network of banking activities reaching over 36 different African nations.
Ecobank is a distinguished part of the respected Ecobank group, and as such, takes great pride in providing a wide variety of comprehensive banking goods and services in order to meet your valued requirements in this area.
The bank is able to operate thanks to a committed group of about 900 people located throughout its 53 locations across Ghana.
Respected client, Ecobank Ghana takes great pride in the fact that it was the first financial institution in the history of Ghana’s banking industry to be awarded the prestigious universal bank license by the prestigious Central Bank of Ghana.
Following the completion of Ecobank Transnational’s purchase of The Trust Bank in its whole in 1989, the company finally got off the ground and started doing business.
To meet all of your banking requirements, this reputable financial institution provides a comprehensive selection of services from which to choose.
These include payment and transfer facilities, card services, loan choices, electronic goods, microfinance solutions, investment products, and specific financial services for people who are going to do the Hajj pilgrimage.
Total Assets
This prestigious institution is pleased to announce that as of the end of the year 2011, it has accumulated deposits, loans, and total assets with corresponding values of 1.68 billion GHS, 843 million GHS, and 2.1 billion GHS.
As of the end of March 2021, the total assets amounted to GHS 15.07 billion. In September of 2021, the entire value of Ecobank Ghana’s assets was roughly 19.7 billion Ghanaian cedis.
As of the year 2021, the bank has a total of 67 branches and 1,741 people working for it throughout its staff.
Absa Bank Ghana
Absa Bank Ghana Limited, one of the best banks in Ghana for the wealthy, was first established in the year 1917. Prior to that, it was known as Barclays Bank Ghana.
Today, it is known simply as Absa Bank Ghana. This valued company is pleased to provide a broad variety of great personal banking products and services that have been customized to cater precisely to the requirements of the highly regarded Ghanaian market.
In addition, this prestigious institution provides a vast assortment of retail, treasury, and banking goods and services that have been especially crafted to meet the varied requirements of their respected corporate customers and institutions.
A remarkable network of over 70 branches and 164 automated teller machines is one of the many accolades that this acclaimed banking institution proudly displays.
In addition, they are pleased to boast of their four agencies, three Premier Suites, and eight Prestige Centers, all of which contribute to the breadth of their reach as well as their dedication to servicing their customers.
Total Assets
The entire value of all of Absa Bank Ghana’s assets was roughly 7.1 billion Ghanaian cedis as of September 2021.
Access Bank Ghana
As the fifth biggest bank in the nation, Ghana is able to brag about an amazing asset value that is more than 800 million dollars.
Access Bank PLC, a commercial bank with its headquarters in Nigeria, now exercises management authority over the financial institution.
Access Bank Ghana PLC, formerly known as Access Bank Ghana Ltd, is a subsidiary of the prestigious Access Bank conglomerate, which has its headquarters in Lagos, Nigeria. Access Bank Ghana PLC operates as a bank in Ghana.
The Bank of Ghana has bestowed upon the illustrious Access Bank Ghana Plc the privilege of operating as a commercial bank that provides a complete range of banking services
As the country’s central bank and the national banking regulator, the Bank of Ghana is responsible for ensuring that all banking activities and supervision adhere to the highest possible standards.
Access Bank Ghana, one of the best banks in Ghana for the wealthy, offers an extensive selection of banking services to a distinguished clientele that includes institutional, corporate, commercial, and retail customers located all throughout the stunning country of Ghana.
Accra, Ghana serves as both the location of the main office of the reputable company as well as the location of its principal branch. Both of these locations can be found at the Starlet 91 road.
The respected financial institution was created in the rich nation of Ghana in the year 2009, and it began its activities with a noteworthy starting capital of GHS 800 million. This capital was denominated in the country’s official currency, which is the Ghana Cedi.
This valued institution is actively involved in a wide variety of financial services, some of which include but are not limited to loans, transaction accounts, savings investments, debit cards, and other products and services.
Access Bank offers its customers a wide variety of banking products and services, some of which include loan facilities, personal banking solutions, corporate banking services, and several other options.
Agricultural Development Bank
The Agricultural Development Bank, often known as the ADB, was created in 1965 as a result of an act passed by the Ghanaian parliament with the intention of meeting the monetary needs of Ghana’s agricultural sector.
The acclaimed financial institution experienced a transition in the year 1970, during which it determined that it was essential to change its appellation from Agricultural Credit and Co-operative Bank to better match with its enlarged scope of activities, which included extensive commercial banking capabilities.
This was done in order to better reflect the breadth of its banking services.
The Agricultural Development Bank (ADB), one of the best banks in Ghana for the wealthy, can trace its origins all the way back to 1965, when it was created by a legislative law and became operational for the first time the same year.
Its principal goal is to assist the agriculture sector in Ghana, which is often regarded as having high economic potential, in meeting its financial needs.
The respected financial institution underwent a process of rebranding in the year 1970, transitioning from its initial name as Agricultural Credit and Co-operative Bank to the more suitable appellation of Agricultural Development Bank.
This change came about as a result of the acquisition of full commercial powers, which occurred after the institution had already been established.
In Ghana, one of the most well-known financial institutions is called ADB, which stands for Agricultural Development Bank. Because it has a majority ownership share of 52 percent, it is an important participant in the banking industry.
Since the year 1965, the venerable financial company has been providing community service with great pride, and in same year, it established its famous headquarters in the bustling metropolis of Accra.
This valued institution is responsible for the efficient management of a huge network consisting of 64 service outlets that are positioned in a strategic fashion over the country of Ghana.
This institution has a total of 54 locations, including 50 branches, 10 agency offices, and 4 farm loan offices. The company has been successful in hiring a staff of at least 1,489 devoted people since it began operations.
The Bank is a well-known financial institution that plays a key part in both the commercial and the industrial areas of the economy.
It maintains a sizeable portion of the market and is responsible for 35 percent of the total finance that is distributed to the agricultural sector in Ghana.
At the illustrious Africa Investor Agribusiness Awards, which were held in September 2010 in the bustling city of Durban in South Africa, this valued institution was presented with the honorable title of Bank Of The Year, which is a title of great distinction.
Total Assets
As of the end of December 2011, the entire assets of the institution were estimated to have a value of around $683.6 million, which is equivalent to GHS:1.21 billion.
As of the end of the year 2021, the total asset value of the bank was more than $400 million.
Fidelity Bank of Ghana
In 2006, the Fidelity Bank of Ghana, which had previously been operating under the name Fidelity Discount House, was awarded its license to operate as a commercial bank.
The bank provides a variety of goods and services designed to meet the requirements of retail consumers who shop there, as well as individuals and corporations.
This establishment, which is happy to have the title of the nation’s most rapidly growing indigenous bank, tirelessly caters to the monetary demands of Ghana’s underbanked and unbanked population by means of its subsidiary, the Financial Inclusion Directorate.
This enables this institution to claim the title of the nation’s most rapidly expanding indigenous bank.
The Fidelity Bank of Ghana, one of the best banks in Ghana for the wealthy, is a well-respected commercial banking company that operates in Ghana.
It was the 22nd bank to get license clearance from the Bank of Ghana when it was given the Universal Banking License on June 28, 2006, making it the most recent of the banks to do so.
This bank is one of the twenty-seven approved commercial banks that are currently functioning inside the country, and its main office can be found in Accra, more precisely at Ridge Towers.
The prestigious financial institution has over 80 different branches spread out over the terrain of Ghana, making it one of the most extensive branch networks in the country.
In addition, this prestigious company is pleased to announce that it manages a total of 112 automated teller machines (ATMs) placed across the country.
These ATMs are all kept under the careful eye of this prestigious headquarters, which is situated in the lively city of Accra.
Total Assets
The overall assets of the bank are valued at more than 400 million dollars.
Société Générale Ghana
An important financial institution in Ghana is the Société Générale Ghana, which was formerly known as the Société Générale – Social Security Bank (SG-SSB). It is one of the best banks in Ghana for the wealthy.
The acclaimed financial institution was created in the year 1975, and it was given the illustrious name of Security Guarantee Trust Limited at the time of its inception.
On the other hand, it did not start its formal activities until the year 1977, when it proudly assumed its position as one of the reputable local banks serving the reputable Ghanaian market.
Today, the venerable establishment that is known simply as the bank takes great pride in the fact that it proudly functions as an essential part of the venerable Société Générale banking group.
After Société Générale bought a controlling share of 51% of the company in 2004, the financial services provider changed its name to SG-SSB to reflect its new status as the market leader.
The acclaimed company had a shift in the year 2013, during which it reverted back to its original appellation, Société Générale, a name that it continues to apply in the current day and age.
The bank meticulously administers and oversees a network of 42 branches that cover the whole of the country.
These branches all operate under the leadership of the bank’s headquarters in Accra. The assets of the bank are valued at more than 400 dollars.
Zenith Bank of Ghana
Zenith Bank Ghana is a reputable financial institution that does its business as a subsidiary of the highly regarded Zenith Bank Plc.
Their parent business, Zenith Bank Plc, is a well-known supplier of financial services all over the world, and its headquarters are located in Nigeria.
In the year 2005, the acclaimed universal banking section of this prestigious financial institution began providing excellent banking services to respected people and companies located across the stunning country of Ghana. These services were provided by this financial institution.
The prestigious headquarters of Zenith Bank, which are located in the lively city of Accra, are responsible for the competent management of an extensive network of point-of-sale (POS) terminals and automated teller machines (ATMs).
In addition, Zenith Bank, one of the best banks in Ghana for the wealthy, efficiently runs a network of 34 commercial establishments, which includes both branches and agencies.
These commercial establishments are positioned in a strategic manner to service this respected customer base.
This respected institution is one of the most well-known banks in Ghana, and they provide their clients with a complete selection of services that includes mobile banking and internet banking solutions that are available in real time.
National Investment Bank
The respected National Investment Bank (NIB), which is an institution owned by the state of Ghana, takes great pride in providing the country of Ghana with a full variety of commercial and development banking services.
The provision of financial assistance to the nation’s manufacturing, services, building and construction, and agricultural processing industries is made possible by the bank, which plays an essential part in this process.
The government of Ghana established the National Development Bank in 1963 with the intention of fostering and accelerating the rapid industrialization of the country’s economy.
This was the genesis of the National Investment Bank, which was established in the same year. The acclaimed financial institution currently oversees a combined total of 49 branches and three agencies located around the country. Its prestigious headquarters can be found in the bustling metropolis of Accra.
The National Investment Bank, one of the best banks in Ghana for the wealthy, is a state-owned commercial bank in Ghana. It is most generally known to by its acronym.
It was formed in 1963 by the Government of Ghana with the goal of encouraging national development, and it has been in operation ever since.
The Bank of Ghana, which acts in the capacity of the country’s national banking regulator, is the institution that has issued a license to a number of commercial banks, including NIB.
NIB, a well regarded supplier of financial services in Ghana, sensibly focuses its emphasis on the prosperous agro-processing, building and construction, manufacturing, and service sectors of the Ghanaian economy.
Total Assets
According to the financial report for the year 2015, the value of the bank’s assets was around 2.65 billion Ghana cedis. The bank also had revenue of 348.83 million Ghana cedis and a net income of 120.11 million Ghana cedis.
Universal Merchant Bank
Since its founding in 1972, Universal Merchant Bank Ghana Ltd. has steadily maintained its position as one of the most successful and well-known merchant banks in the country of Ghana.
After being awarded its universal banking license in the year 2005, the financial institution started offering an extensive variety of goods and services that were specially designed to cater to the requirements and preferences of respected retail customers.
These products and services were created precisely to meet the requirements and preferences of retail clients.
The bank’s operations are carried out via its Private, Business, Corporate, and Internet Banking divisions. These divisions comprise specialist domains such as Treasury, Trade, and Credit.
The respected Universal Merchant Bank Ltd, which was formerly known as Merchant Bank Ghana, is very delighted to manage a network of 22 branches throughout the magnificent country of Ghana.
Accra, the capital city of Ghana and the nation’s economic and cultural center, is home to their acclaimed corporate headquarters.
On the momentous day of March 15, 1972, your respected institution, Universal Merchant Bank, proudly began operations and graciously extended its services to the valued Ghanaian people as a merchant bank.
In 2005, the financial institution was able to secure a Universal Banking License without any problems.
Total Assets
At the end of the year 2010, Universal Merchant Bank declared with great pride that its total assets had a value of roughly 806 million Ghana cedis.
CAL Bank
It was in the year 1990 that Calbank first opened its doors, and now it is recognized as a leading retail bank within the financial services industry.
It is considered a trailblazer in Ghana, especially in terms of the ground-breaking approach it takes to banking, by both highly regarded financial specialists and the general people.
This financial institution puts a significant amount of importance on meeting the banking needs of renowned firms, people with considerable wealth, non-governmental institutions, valued clients, and small to medium-sized businesses (SME).
The respected headquarters of CalBank, together with its main branch, are both conveniently located at the famous location of 23 Independence Avenue, which is snuggled inside the busy central business area of Accra.
CalBank, one of the best banks in Ghana for the wealthy, is a well-respected commercial bank in the Republic of Ghana, and it is permitted and regulated to do business in this capacity by the acclaimed regulating agency known as the Bank of Ghana. CalBank is a prominent financial institution in the country.
Total Assets
The entire assets of the bank as of the end of the year 2020 equal to US$1.370 billion, which is equivalent to GHS:7,924,586,000.
In addition, the stock held by the company’s shareholders is now valued at 195 million dollars United States dollars, which is equivalent to 1.132 billion Ghana cedis.
First Atlantic Bank
The respected First Atlantic Bank, one of the best banks in Ghana for the wealthy, was established in the year 1994, and its headquarters can be found at the prominent location of 1 Seventh Avenue, Ridge West, in the lively city of Accra, which acts as the capital of the nation of Ghana and is also the major urban center in the country.
In 1996, the company started doing business as a merchant bank; nevertheless, it did not get worldwide recognition until 2011, when it was presented with an award by the respected Bank of Ghana.
As of the month of May in the year 2019, this institution proudly operated a total of 41 linked branches, 65 automated teller machines, and 260 point-of-sale devices, all of which were positioned strategically throughout each and every area of the magnificent country of Ghana.
Total Assets
The above-stated firm has assets with a value of GHS:2.42 billion as of the 30th of September 2019, which is roughly comparable to $420 million. In addition to this, the company’s shareholders’ equity was valued at GHS:518.4 million, which is equivalent to around $90 million.
Prudential Bank Limited
The respected Prudential Bank, one of the best banks in Ghana for the wealthy, is a well-known and well-established medium-sized private commercial bank that can be found in the dynamic country of Ghana.
Its illustrious corporate headquarters may be located at the illustrious location of 8 John Hammond Street, Ring Road Central, Kanda, Accra.
The institution is in possession of a legitimate license that was granted by the venerable Bank of Ghana, which is the central bank for the country of Ghana.
The bank was formally formed in the year 1993, and on the honored day of 15th August 1996, it began operations. The bank was happy to build its first branch in the bustling metropolis of Accra.
Total Assets
The entire assets of the bank were valued at GHS 676.61 million as of the 31st of December, 2012, while the equity that was held by the shareholders was valued at GHS 85.1 million.
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