List of best investment banks in Ghana 2020 – 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.
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. 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 would be differentiated at the end of the top 10 lists.
Top 10 Best Investment Banks In Ghana 2020
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.
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.
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.
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.
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.
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.
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.
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.
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 the United Bank Of Africa offers a 19.5 percent interest rate on deposits.
Fidelity Bank Ghana is the 22nd of the 27 commercial banks 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.
Capital Market And Money 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).
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 that 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 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.
The certificate of deposit is a 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.
That’s all on the Top 10 Best Investment Banks In Ghana.
A general list of banks licensed by the Bank Of Ghana that you can invest with. We have collected information about more than 15 banks to help make the choice of your institution of investment easier.
List of Banks in Ghana
Access Bank Ghana is a commercial bank licensed by the central bank of Ghana( is the Bank of Ghana), to operate in the country.The bank is a subsidiary and component of the Access Bank Group, a financial services conglomerate with headquarters in Nigeria and subsidiaries in eight Sub-Saharan African
The African Investment Bank is a very popular bank in Ghana.
Agricultural Development Bank of Ghana
Agricultural Development Bank of Ghana, commonly known as Agricultural Development Bank or ADB, is a government-owned development and commercial bank in Ghana. The bank is the first development finance institution established by the Government of Ghana. It is one of the commercial banks licensed by the Bank of Ghana, the national banking regulator
Barclays Africa Group Limited is 23.4% owned by Barclays Bank PLC and is listed on the JSE Limited. The Barclays Africa Group is one of the Continent’s major financial services providers. It offers business and personal banking, credit cards, corporate and investment banking, wealth and investment management, and Bancassurance
Founded in 1990, CAL Bank is rated as “one of the most innovative banks in Ghana”.
EBG is a member of the Pan-African Ecobank chain which operates in thirty-two (32) countries. The stock of Ecobank Ghana is listed on the Ghana Stock Exchange, where its shares are traded under the symbol EGH. Ecobank is a well-branched commercial bank in Ghana with branches in almost all regions of the nation.
Energy Bank Sao Tome e Principe also referred to as Energy Bank STP, but commonly known as Energy Bank, is a commercial bank in Sao Tome. Energy bank is one of the only eight commercial banks licensed by the Central Bank of São Tomé and Príncipe, the country’s banking regulator.
Fidelity Bank Ghana Limited
Fidelity Bank is a commercial bank in Ghana which was issued with its Universal Banking License on June 28, 2006, making it the 22nd bank to be licensed by the Bank of Ghana. Fidelity Bank is one of the twenty-seven commercial banks licensed by the Bank of Ghana in the country.
Sovereign Bank Limited (SBL) is a full-service bank with a principal aim of making a difference in the banking and financial services landscape by being unique in its service delivery and product offering.
This is one of the largest indigenous commercial banks in Ghana with more than 150 branches spread across the country.
Guaranty Trust Bank Ghana Limited
Popularly know as GTBank, The Guaranty Trust Bank Plc is a Nigerian multinational financial institution. GTBank various offers packages such as Internet Banking, Retail Banking, Corporate Banking, Investment Banking and Asset Management services.
HFC is an abbreviation for Home Finance Company. The Home Finance Company Bank is a commercial bank in Ghana. It is one of the commercial banks licensed by the Bank of Ghana, the national banking regulator.
Normally abbreviated as NIB, The National Investment Bank is one of the most popular state-owned commercial banks in Ghana. It is one of the commercial banks licensed by the Bank of Ghana, the national banking regulator to operate in the country.
Formerly called The Société Générale – Social Security Bank (SG-SSB), The Societe Generale Ghana Limited (SG) is a bank that is based in Ghana, The bank is part of the Société Générale banking group. The SG bank is headquartered in Accra, Ghana. The SG bank also has stocks listed on the Ghana Stock Exchange. It is a component of the GSE All-Share Index.
Formerly called Standard Bank Group, the bank got its modern name of Stanbic Bank to avoid confusion with another company called the Standard Chartered bank in 1992
This popular Bank is a private commercial bank in Ghana. It is licensed by the Bank of Ghana, the central bank and national banking regulator.
This multinational financial institution is Africa’s best and reputed to be the most resilient banking group on the continent. The United Bank For Africa operates in more than 17 African countries. It has offices in three global financial centers: London, Paris, and New York.
Zenith Bank is a multinational financial services provider.
UniBank (Ghana) Limited, commonly known as uniBank, is an indigenous private bank in Ghana, West Africa. this Bank is among the thirty-five commercial banks licensed to operate in Ghana by The Bank Of Ghana.
Other registered investments banks in Ghana include :
- 20. Amalgamated Bank Limited
- 21. Barclays Bank
- 22. Standard Chartered Bank
- 23. The Trust Bank
- 24. Intercontinental Bank Ghana Limited
- 25. International Commercial Bank
- 26. Merchant Bank
- 27. Banque Sahélo-Saharienne pour l’Investissement et le Commerce
- 28. AmalBank
- 30. Bank of Ghana
- 31. First Atlantic Merchant Bank
- 32. UT Bank
So there you have it; a comprehensive list of the investment banks in Ghana. What do you make of our list? Let us hear your thoughts and questions through the comments section.
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