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Best Investment Banks In Ghana 2018 Top 10

Top 10 Best Investment Banks In Ghana 2018

The Ghanaian Capital market has been growing rapidly in recent years coupled with the upsurge of its money market it seems the country’s economy is in the best shape ever. This is a good development and as more and more people invest in it we hope that it becomes the best capital as well as the best money market in Africa { Best Investment Banks In Ghana 2018 }.

One of the major setbacks of investments in the Ghanaian Capital as well as the money market is the lack of concrete information about the market and its mechanics. In this article, we have made every effort to provide you with a detailed list of the top 10 best investment banks in Ghana 2018. But before we move forward to that it would be very important that one aspect of investment be made clear; the capital market and the money market.

Best Investment Banks In Ghana

Best Investment Banks In Ghana

  • The Capital Market

The capital market involves the trading of long-term instruments of (with an original maturity greater than one year) issued by the government and corporations. It is the market where funds are transferred from those who have it (savers) to those who need it (users).

  • Money Market

The money market is a market for the buying and selling of debt instruments maturing in one year or less. The money market is designed for short-term loans which span within or less than one year. The Money market enables persons with a temporary surplus of funds to meet the needs of borrowers with temporary funds shortages. Through the money market, corporations and governments are able to finance their working capital needs.

Most people perceive this market as less rewarding since it is a low-risk market. However, in a developing country like the Gold Coast, where Treasury bill rates are slightly above 20% and other low-risk rate securities are becoming good investments, what else can you think about than to venture. There are different money market instruments that investors can invest in. These includes:

  • Treasury Bills

Treasury bills are short-term securities (IOU) issued by governments to meet it’s funding requirements. They are auctioned by the Bank of Ghana on behalf of the government. They are issued in 3 months, 6months and 12 months maturities at the end of which they are redeemed at face value. For example, if you buy TB of C100,000 at 10% from the government, his account will be debited with c90,000. At the end of maturity, his account will be credited again with the full C100,000.

  • Certificate Of Deposit

The certificate of deposit is large-denomination negotiable time deposit sold to investors by banks. Interest is paid to holders of CD and the principals are repaid at face value on maturity. Those are the main instruments of the money market that you can easily invest in.

Top 10 Best Investment Banks In Ghana 2018

  • #1. Sovereign Bank

The Sovereign Bank was incorporated on 9th October 2015 in Accra- Ghana, Sovereign Bank Limited was granted a Universal Banking license by the Bank of Ghana under the new Banking Act 2004 (Act 673) on 21st January 2016. Since its founding, the bank’s main focus has been the pursuit of excellence for its customers.

Reports indicated that Sovereign Bank offers a 19.5 percent interest rate on deposits. This rate is way higher than the industry average of 11.9 percent as at the end of January 2017 making the Sovereign Bank the best investment bank in Ghana.

  • #2. Capital Bank

The capital bank was formerly a privately owned indigenous bank in Ghana licensed by the Bank Of Ghana. However, On August 14th, 2017, the bank of Ghana announced it had revoked its license. The bank was taken over subsequently by GCB Bank.

Reports indicated that Capital Bank offers a 19.5 percent interest rate on deposits.

  • #3. Stanbic Bank

The name Stanbic bank was adopted by the early owners of the standard bank investment corporation as a name of trade in 1992. This is to avoid confusion as the bank acquired the African operations of ANZ Grindlays Bank and there was already a standard Chartered bank already in operation there. Ever since, Stanbic Bank has continued to expand with branches in major African countries like Nigeria, Ghana, Kenya etc.

Reports indicated that Stanbic Bank offers a 19.5 percent interest rate on deposits.

  • #4. Omni Bank

Formerly a loan company was known as the union loan and savings it became a commercial bank in 2015 after meeting the c120 million requirements by the Ghanaian government.

Reports indicated that OmniBank offers a 19.5 percent interest rate on deposits.

  • #5. Unibank

Started operations in 1997, the UniBank Ghana is a private commercial bank that has been growing rapidly. It has assets of around GHS 1.3 billion. The bank’s shareholders’ equity is approximately GHS 151 million.

Reports indicated that UniBank offers a 19.5 percent interest rate on deposits.

  • #6. First National Bank

First National Bank Ghana offers a wide variety of products and services to the public market under the leadership of a competent management team.

Reports indicated that First National Bank offers a 19.5 percent interest rate on deposits.

  • #7. GN Bank

GN Bank is an indigenous private bank in Ghana. It has over 260 branches in the country.

Reports indicated that GN Bank offers a 19.5 percent interest rate on deposits.

  • #8. Access Bank

Access Bank Ghana Limited is a commercial bank licensed by the Ghanaian Central Bank; the Bank Of Ghana.

Reports indicated that Access Bank offers a 19.5 percent interest rate on deposits.

  • #9. UBA Ghana

UBA Ghana Limited was originally incorporated and registered as Standard Trust Bank Ghana Limited at the Registrar General’s Department.

In December 2004, the Ghanaian Central Bank issued the then Standard Trust Bank Ghana Limited with a license to operate as a universal bank. UBA is the first licensed universal bank in Ghana.

Reports indicated that United Bank Of Africa offers a 19.5 percent interest rate on deposits.

  • #10. Fidelity Bank

Fidelity Bank Ghana is the 22nd of the 27 commercial bank licensed by the Ghanaian Central Bank. The headquarter of Fidelity Bank is in Accra, at Ridge Towers. As of January 2013, the bank operates forty-three networked branches and sixty-five VISA enabled ATMs at various locations.

Reports indicate that Fidelity Bank offers a 19.5 percent interest rate on deposits. Giving it the 10th place in our list of the top 10 investment banks in Ghana.

That’s all on the Top 10 Best Investment Banks In Ghana 2018.

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Updated: February 21, 2018 — 3:43 pm

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