There are many commercial banks in Ghana that offer a wide range of banking services to their customers. Some of these banks are very well-known and have been in operation for many years, while others are relatively new. In this blog post, we will provide a list of commercial banks in Ghana.
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What commercial bank means?
A commercial bank is a financial institution that offers its customers services such as loans, certificates of deposit, savings bank accounts, bank overdrafts, and so on. These institutions generate revenue by making loans to individuals and earning interest on those loans.
List Of Commercial Banks In Ghana
The Bank of Ghana is Ghana’s central monetary authority. There are various types of banks in Ghana which offer different services to the Ghanaian people. The most common type of bank is the commercial bank. However, there are also savings and loan banks, investment banks, and development banks, among others.
The following is a list of some of the commercial banks in Ghana:
- Agricultural Development Bank (ADB)
- Ghana Commercial Bank (GCB)
- Stanbic Bank Ghana
- Bank of Ghana
- Barclays Bank Ghana
- Ecobank Ghana – Fidelity Bank Ghana
- First Atlantic Bank
- Zenith Bank Ghana
Each of these banks has its own unique products and services designed to cater to the needs of its individual customers.
How many commercial banks are there in Ghana?
In Ghana’s banking and financial sector, there are 28 private banks. Ghana’s central monetary authority is the Bank of Ghana. Ghana had 23 commercial banks, four banks with only representative offices, and one additional bank as of March 2020.
What is the biggest bank in Ghana?
With 14.2% of the total industry deposits. GCB Bank Limited was previously known as Ghana Commercial Bank. It is Ghana’s largest bank in terms of total operating assets and industry deposits.