Finance
List of Commercial banks in Ghana
Ghana’s banking sector is a vital component of the country’s financial infrastructure. It has a long-standing tradition of providing essential financial services and has evolved into a dynamic ecosystem that drives economic growth, boosts financial inclusion, and fosters entrepreneurial initiatives.
Evolution and Innovation in Ghana’s Banking Sector
Ghana’s banking sector, rooted in its colonial history with the establishment of the Bank of Ghana in 1957, has evolved into a diverse ecosystem featuring commercial banks, rural and community banks, and non-bank financial institutions. This diversity promotes competition and meets the varied needs of businesses and individuals. The sector is committed to financial inclusion, using innovations like mobile and agent banking to reach underserved communities. Embracing digital advancements, Ghana’s banks are leveraging fintech and blockchain technologies to enhance accessibility, efficiency, and security. Regulated by the Bank of Ghana, the sector maintains robust governance and financial stability. Looking ahead, Ghana’s banking sector is set to play a crucial role in the nation’s economic growth by fostering innovation, deepening financial inclusion, and adhering to strong regulatory standards.
| Bank Name | Bank Sector | Headquarters | Bank Revenue(GHC) | Bank Revenue(USD) | Phone Number |
| Bank of Ghana (BoG) | Central Bank | Accra | 26.0 billion | 1.677 billion | +233 30-2666174 |
| Ghana Commercial Bank (GCB) | Public | Accra | 2.75 billion | 0.177 billion | +233 30 261 4000 |
| Standard Chartered Bank Ghana | Private (foreign) | Accra | 663.07m | 42.77million | +233 30 266 4000 |
| Ecobank Ghana | Private (regional) | Accra | 683.890 million | 108.71 million | +233 30 221 3999 |
| Barclays Bank Ghana (now Absa Ghana) | Private (foreign) | Accra | 21 billion | 1.355billion | +233 30 276 0000 |
| Cal Bank | Private | Accra | 105.7billion | 6.824billion | +233 233 212 6000 |
| Fidelity Bank Ghana | Private | Accra | 1.38 billion | 0.089billion | +233 027 760 0200 |
| Bank of Baroda Ghana | Private (foreign) | Accra | 7,358.18.million | 474.93million | +233 30 277 3200 |
| Societe Generale Ghana | Private (foreign) | Accra | 802 million | 51.753million | +233 30 278 1000 |
| Stanbic Bank Ghana | Private (foreign) | Accra | 735,534million | 47,464.60million | +233 277 500 800 |
Ghana’s banking sector stands as a beacon of stability, innovation, and inclusivity within the region’s financial landscape. With a rich history, diverse ecosystem, and unwavering commitment to progress, it serves as a catalyst for economic growth and prosperity, driving Ghana forward into a future of limitless possibilities
