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Full List of Banks In Ghana | Top 10 Banks in Ghana

Full List Top 10 Banks In Ghana

Full List Top 10 Banks In Ghana 2021| The Bank of Ghana (abbreviated as BoG) is the central bank of Ghana. It is located in Accra and was formed in 1957. The bank is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion.

Full List of Top 10 Banks In Ghana

There are over 28 commercial banks in Ghana currently operating as of October 2020. Today, we bring to you the full list of the best 10 banks in Ghana. Check out the full list of these banks below. The top 10 banks in Ghana are:

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1. GCB Bank Limited

Headquartered in Accra, GCB Bank Limited adopted its current name in 2013, after being formerly known as Ghana Commercial Bank. In 1953, the bank was founded as the Bank of the Gold Coast to serve local traders, businessmen, and farmers. It currently offers a wide range of financial products and services to its customers, which include individuals, small- and medium-sized enterprises, parastatal companies, and large corporations.

As of 2016, the bank employed 1,532 individuals and managed 150 branches and 11 agencies across the country.

Revenue: GHS 1.06 billion (2016)

Net income: GHS 299 million (2016)

Total assets: GHS 6.05 billion (2016)

2. Ecobank Ghana (EBG)

Ecobank Bank is a member of the Ecobank Group, which operates in 36 countries in Africa. EBG was the first of the banks in Ghana to receive a universal bank license from the country’s central bank. It started its operations in 1990 after Ecobank Transnational wholly acquired The Trust Bank.

The bank provides payment and transfers, cards and loans, bancassurance, e-products, microfinance, investment products, and Hajj financial services. It operated 77 branches and employed 1,611 staff as of 2016.

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3. Zenith Bank of Ghana

Zenith Bank Ghana is a subsidiary of Zenith Bank Plc, a Nigeria-based multinational financial services provider. The bank started its universal banking operation in 2005, offering top-of-the-line banking services to individuals and corporations across the country.

Headquartered in Accra, Zenith oversees 34 business locations (branches and agencies), as well as a number of POS terminals and ATMs. It is also one of the banks in Ghana providing mobile banking and real-time internet banking services.

Revenue: GHS 425.24 million (2017)

Net income: GHS 172.55 million (2017)

Total assets: GHS 4.67 billion (2017)

4. Absa Bank Ghana Limited (formerly Barclays Bank of Ghana)

Established in 1917, Barclays Bank Ghana is a subsidiary of South Africa-based Barclays Africa Group Ltd. The bank offers personal banking products and services to individual customers in Ghana. It also provides corporate, treasury, and retail products and services to businesses and corporate clients.

The financial services group manages a network of more than 70 service outlets across the country, consisting of 56 branches, two Premier suites, nine Prestige Centers, three agencies, as well as 165 ATMs.

Revenue: GHS 887.3 million (2017)

Net income: GHS 386.17 million (2017)

Total assets: GHS 5.95 billion (2017)

ALSO READ: List of YCEO 50 Young CEOs in Ghana 2020.

5. Agricultural Development Bank (ADB)

An Act of Parliament created the Agricultural Development Bank (ADB) in 1965 to serve the banking needs of Ghana’s agricultural sector. In 1970, the bank renamed itself from Agricultural Credit and Co-operative Bank after it received full commercial banking powers.

Based in Accra, the government-owned development and commercial bank oversee a network of 64 service outlets located across the country, consisting of 50 branches, ten agency offices, and four Farm Loan Offices. It employs 1,197 staff.

Revenue: GHS 278.46 million (2016)

Net income (loss): (GHS 70 million) (2016)

Total assets: GHS 3.04 billion (2016)

6. uniBank Ghana

Incorporated in 1997, uniBank Ghana received its banking license in 2001 and started offering financial services primarily to individual customers and small- and medium-sized enterprises. In 2009, the privately-held bank expanded into mobile and Internet banking.

In March 2018, the Bank of Ghana took over uniBank and named KPMG as administrators for the bank for six months, following the financial institution’s repeated failures to meet liquidity and reserve requirements.

As of 2017, the bank managed a network of 55 branches in nine out of the country’s ten regions.

Revenue: GHS 392.93 million (2016)

Net income: GHS 41.98 million (2016)

Total assets: GHS 5.74 billion (2016)

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Société Générale Ghana (SG), formerly known as Société Générale – Social Security Bank (SG-SSB), started operating as one of the banks in Ghana in 1977. Incorporated in 1975 under the name of Security Guarantee Trust Limited, the bank currently operates as a subsidiary of the Société Générale banking conglomerate.

In 2004, the bank renamed itself as SG-SSB, following Société Générale’s acquisition of a 51% controlling stake in the financial services provider. In 2013, the company adopted its current name after gaining its shareholders’ approval.

Headquartered in Accra, it oversees 42 branches across the country.

Revenue: GHS 348.25 million (2016)

Net income: GHS 63.9 million (2016)

Total assets: GHS 2.45 billion (2016)

8. Fidelity Bank of Ghana

Fidelity Bank of Ghana, formerly known as Fidelity Discount House, received its commercial banking license in 2006. The bank offers personal, commercial, and wholesale banking products and services. As the fastest growing of indigenous banks in Ghana, it also serves the country’s unbanked and underbanked population through its Financial Inclusion Directorate unit.

Based in Accra, the bank operates a network of more than 80 branches and 112 ATMs throughout Ghana.

Revenue: GHS 522.97 million (2017)

Net income: GHS 90.43 million (2017)

Total assets: GHS 5.38 billion (2017)

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9. National Investment Bank

State-owned National Investment Bank (NIB) currently operates as a universal bank in Ghana with a focus on development/commercial banking services. The bank also serves as a major lender to the country’s agro-processing, building and construction, manufacturing, and service sectors.

In 1963, the Ghanaian government established the NIB as a national development bank to promote and boost rapid industrialization in the local economy. Based in Accra, the bank currently manages 49 branches and three agencies across the country.

Revenue: GHS 348.83 million (2015)

Net income: GHS 120.11 million (2015)

Total assets: GHS 2.65 billion (2015)

10. Universal Merchant Bank Ghana Ltd (UMB)

In 1972, Universal Merchant Bank Ghana Ltd began operating as one of the leading merchant banks in Ghana. In 2005, the bank received its universal banking license and started offering retail banking products and services. It operates through its Personal, Private, Business, Corporate, and Internet Banking segments, with Treasury, Trade, and Credit departments.

The bank currently manages 31 branches, one UMB PPP Incubator Center, and two UMB Centers for Businesses.

Revenue: GHS 287.31 million (2017)

Net income: GHS 47.64 million (2017)

Total assets: GHS 2.99 billion (2017)

For the full list of All Banks in Ghana, check out this article we wrote earlier. You will get to know all the 28+ banks in Ghana.

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Did we miss any banks in our list of Top 10 Banks in Ghana? We would like to know what you think about the article above. Share your thoughts and comments below!

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Source: 247Hitz.Com Curated from CoperateFinanceInstitute.Com

How to Buy Treasury Bills With MTN MoMo in Ghana

How to Buy Treasury Bills With MTN Mobile Money in Ghana

How to Buy Treasury Bills With MTN MoMo in Ghana | MTN Ghana has made it so easy for anyone using their electronic mobile money service to be able to purchase treasury bills with ease.

Today, representing your Moses, I am going to guide you on How to Buy Treasury Bills With MTN MoMo in Ghana.

Before I go ahead to teach you the steps/guidelines to buy treasury bills with MoMo, let’s look at “What is Treasury Bill?”

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What is Treasury Bill?

Ghana Treasury securities are government debt instruments issued by the Government of Ghana, regulated by the central bank, Bank of Ghana Treasury department to finance government spending as an alternative to taxation. Treasury securities are often referred to simply as Treasury Bill.

The Bank of Ghana is the institution in charge of implementing monetary policy decisions, managing the country’s foreign exchange reserves, and managing the government’s domestic debt.

How to Buy Treasury Bills With MTN MoMo in Ghana

First of all, there are many ways to buy Treasury Bills in Ghana but one of the most convenient ways buying it with MTN Mobile Money (MTN MoMo). With this guide, I will give you a step by step instructions on how to purchase your Treasury. You will need an MTN Mobile Money account to do this.

READ MORE: Full List of MTN Ghana Short Codes 2020.

To buy Treasury bills with your MTN MoMo account, here is what you need to do:

To Apply For Treasury Bill

  1. Dial *170# on your mobile device
  2. Enter 5 to select the “Financial Services” option
  3. Enter 4 to select the “Pension and Investments” option
  4. Enter 2 Buy Treasury Bills
  5. Select 2 to Apply
  6. Choose Tenure
  7. Enter Amount
  8. Select or Approve Next of KIN
  9. Select 1 to proceed with payment
  10. Enter MoMo PIN
  11. You will receive a notification for a successful transaction.

MTN Mobile Money is safe, fast and secure in terms of buying your treasury bills. It doesn’t take more than 15 minutes to complete the above process. This means that this method of buying treasury bills in Ghana will save you time and money.

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We are always looking forward to reading your comments. Let us know what you think about How to Buy Treasury Bills With MTN MoMo in Ghana. Leave your opinions in the comments section below.

Do you love this article? Subscribe to our newsletters and notifications to receive the latest music video and news updates on your device as soon as we publish them. Share this article with your friends, families, and loved ones to help it reach others on the various social media platforms. Source: 247Hitz.Com

How to win a Smartphone From MTN Ghana

How to Win A Smartphone From MTN Ghana

How to Win A Smartphone From MTN Ghana | MTN Ghana is one of the biggest telecommunication networks that serve the country with a variety of services ranging from voice to data connectivity. From time to time they introduce certain offers and promotions for their customers/subscribes to win some freebies. This year is not an exception, it’s another #SZN of freebie.

Today I am going to show you how to get to easily win a smartphone from MTN Ghana. MTN has introduced a new promo to which every Pay As You Go (PAYG) subscriber is eligible to participate. They call it the MTN Raisi Wo Level Promo. According to MTN Ghana, the MTN Raisi wo Level Promo is a usage driven points-based promotion designed to offer feature phone users an opportunity to upgrade to smartphones to enjoy total telecom experience.

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How The MTN Raisi Wo Level Promo Works

The promo will be driven mainly by usage, and by extension points gained on all usage from Data, SMS, Voice, MoMo, and VAS activities. This means that the more you make calls, browse the internet, send text messages, send and receive money using your PAYG number, the more you stand the chance of winning a brand new smartphone; the Ipro Amber 5S Smartphone.

To win this promotion, below are some points to keep in mind.

  • All eligible PAYG customers will be given unique points thresholds to meet and exceed.
  • Winner selection will be based on the percentage margin at which customers exceed their points thresholds.
  •  The top 5,000 customers who exceed their thresholds in each month will be given Ipro Amber 5S smartphone each
  •  The next 1,666 customers who exceed their thresholds in each month will receive a brand new KAIOS phone each.

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TERMS AND CONDITIONS of The MTN Raisi Wo Level Promo

  1. The promo targets all MTN PAYG customers, but winner selection,
    rankings and prizes will be available to only those who opt-in by dialling *120*1#.
  2. The minimum spends to accrue promo point is one pesewa and above.
  3. Non-voice SIM users such as MIFI, Modem, Router, etc are excluded in the promo.
  4. MTN SIMs connected to FTTH, APNs, Vehicle tracking, FBB & TurboNet are excluded from the promo.
  5. All eligible MTN customers will accrue points based on spend and usage. Thus, customers will be rewarded with 1 point for every pesewa spent on voice calls and SMS. By this, customers will earn 100 promo points for every Ghc1.00 spent on voice and SMS.
  6. To incentivize customers to use more data, a pesewa spends on data will accrue 3 points. Thus, whereas GHC1.00 spent on voice will earn 100 promo points, GHC1.00 spent on data will earn 300 promo points.
  7. To stimulate Mobile Money transactions during the promo period, customers will earn (2) two points for every pesewa paid in the form of fees or charges on all MoMo transactions.
  8. To drive the digital usage among customers, the promo will award 4 points to every pesewa spent on data (usage or bundling) on my MTN APP.
  9. Monthly prize rewards will be based on the percentage margin at which participants exceed their target points ranked from the highest percentage margin to the lowest.
  10. Usage on bundles does not accrue points. This is because payment is made at the subscription stage and not the usage stage.
  11. Usage of bonus credits do not accrue points
  12. Customers who purchase M2U and Gift bundle data receive 3 points per every pesewa paid.
  13. Recipients of Me2U and Gift bundle data purchases do not earn any points.
  14. SMS packs and IDD packs purchased under 138, 170 will attract one (1) point per pesewa and allocated promo point upfront upon purchase. Package usage will not attract an additional promo point.

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15. The following bundle purchases under 138, 567, 170, 141, 575, 5060 shortcodes will attract 3 promo points per pesewa and allocated points upfront upon purchase. Package usage will not attract a further promo point.
i. Internet packs ii. Super Saver/combo bundle iii. Flexi packs iv. Pulse

16. If a customer buys any bundle package under 138,170, 575 shortcodes for another customer, the buyer gets the points equivalent to promo usage points. Recipients of gift packages do not accrue points.

17. All network activities charged during roaming will accrue points.

18. Monthly rankings and final points computation will be based on actual usage records as recorded on the billing platform. This will ensure that all points generated via value-added subscriptions are added to the customer before rankings.

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19. The top 5,000 customers who exceed their thresholds in terms of percentage margin each month will be given Ipro Amber 5S smartphone each.

20. The next 1,666 customers who exceed their thresholds in each month will receive a brand new KAIOS phone each

21. Points accrued will be cleared at the end of each promo month. Participants will have to do fresh network activities to accrue points during the new month.

22. SIMs dedicated solely for commercial transactions by Mobile Money merchants are exempted from this promotion.

23. Me2U Voice Airtime transfers will not accrue points.

24. Extra time usage does not accrue points.

25. The table below captures the points allocations to the various usage categories:

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ACTIVITY                                                                    POINTS
1P on Voice                                                                1 point
1P on SMS                                                                  1 point
1P on all (MoMo)
fees/charges.                                                             2 points
1P on Data                                                                  3 points
Data purchase or usage
My MTN App attracts
4 points.
For an instant, a customer buys Ghc10
data via *138# USSD
and receives 3,000
points instantly. The same
customer buys Ghc10
data on My MTN but will
receive 4,000 points.
4 points
1p spend on any other
subscription apart from
the exempted ones
below                                                                           3 points
All 3PP charges equal
to or above 1 pesewa
should accrued points.                                             3 points

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Phone book
back-up                                                                            0
MBSC                                                                               0
number                                                                            0
CR7-7777                                                                        0
CRBT-1355                                                                      0
Spin the
Wheel-5040                                                                    0
Extra Time                                                                      0
Bonus Airtime                                                                0

SEE ALSO: How To Register And Activate Vodafone Cash.

26. In case of a tie, priority will be given to customers with a longer tenure.
27. In case there is a tie in tenure, three months ARPU prior to promo month will be used to select a winner.

28. MTN Staff and their spouses, as well as third party agents, are exempted from this promo.
29. Selected winners need to be validated internally by RA and externally by an accredited auditing firm before an invitation is sent to deserving customers.

30. Prizes will be rolled over to the next highest in the rank after exhausting all efforts to reach the winner including calling their frequently called numbers for assistance without success in 48 hours.

31. Winners duly informed of their prizes will be given a two-week notification to claim their prize or indicate interest in the prize. If the winners selected are not available to claim the prize, such prizes will be returned to the chest and added to the prizes for the next promo.

32. All points accrued will be cleared at the end of each promo month. Participants will have to do network activities to accrue fresh points for each promo month.

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33. MTN reserves the right to disqualify a winner when it is proven that the winner used any fraudulent means to participate in the promo. Such customers will be handed over to the pólice to face the law.

34. Promo duration can be extended whenever MTN deems it appropriate.

35. Winners will be notified only by MTN authorized personnel and via the
number 0244 300 000.

Subscribe to our notifications if you would like to receive future MTN Ghana Promotions updates. Join our notifications list to receive the latest updates as soon as we publish them. Share this article: “How to Win A Smartphone From MTN Ghana” with your friends, family, and loved ones on the various social media platforms.


TECNO Mobile Ghana 25 CAMON CEO

TECNO Mobile is Recruiting 25 CAMON CEO.

TECNO Mobile Ghana have announced on their various social media handles their new agenda for the year 2020 ahead of the launch of their new TECNO CAMON device yet to be introduced.

They call it the CAMON CEO (CEO standing for Camera Experience Officer) for which they are recruiting 25 people from Ghana to experience the all-new TECNO Camon 15 mobile phone.

According to TECNO Mobile, this is the first of it kind, they have never organized anything like this and are sure this is going to be pretty amazing for you.

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Who Is Qualified This?

Any TECNO Mobile user (T-Fans) whose phone has a camera is qualified for this.

What you need to do:

  • Participants must be a member of the TECNO Spot forum.
  • The participant is only required to tell TECNO Mobile in the TECNO Spot forum the type of phone they are currently using and
  • Upload the beautiful and memorable photo in your album then
  • Tell them the story behind that photograph

After doing the above, you are required to share the activity (you uploaded photo and story) from TECNO Spot to all the various social media. They include Facebook, Whatsapp, Twitter, Instagram just to mention but a few.

SEE ALSO: See Current Number of Confirmed Coronavirus Cases In Ghana

According to TECNO Mobile, you may get the chance of becoming their CAMON CEO, one of the 25 people to have a feel and experience of the yet to be launched CAMON 15 phone.

The recruitment period is from 16th March 2020 to 5th April 2020. All winners would be announced on 7th April 2020.

Prizes you would receive from TECNO Mobile as a winner include an Exclusive CAMON CEO Badge, One of The 25 CAMON 15 Phones that would be given out for trials and a Face-to-Face conversation with the CAMON Experts, isn’t that so cool?

READ MORE: Ofori Amponsah Predicted Dooms Day In 2020 in One of His Old Songs.

Check out the image below for more information about how to participate in the TECNO CAMON CEO and don’t forget to share with your friends and loved ones so that they can also participate.

TECNO Mobile CAMON CEO Recruitment

TECNO Mobile is Recruiting 25 CAMON CEO. See How to Apply!

We will be publishing the Tecno Camon 15 and Tecno Camon 15 Pro specifications any moment from now. Subscribe to our notifications to receive interesting daily updates and latest events like the TECNO Mobile is Recruiting 25 CAMON CEO.

Facebook Small Business Grants $300M

Facebook Announces The Small Business Grant Program As Their Support Against Coronavirus

In a social media post made on the 17th of March 2020, Facebook Business has announced a new grant program known as the Small Business Grant Program to support small business communities in these challenging times of a pandemic outbreak.

The program which is said to be launched in the next few weeks will be giving out a total grant of $100M to business who will be qualified for the grants.

Facebook for Business’ Post of The Facebook Small Business Grant Program

READ ALSO: MTN Ghana Introduces ZERO Charges On Peer-to-Peer Mobile Money Transaction Up to GH¢100.

Facebook Business has laid out an application procedure and eligibility requirement that would tell if a business is qualified for the grant.

” We’re launching a $100M grants program to help the small business community weather the challenges related to the COVID-19 outbreak. We’ll be posting more information over the next few weeks around eligibility and the full application process. Please go to for more details to come. “


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Who Is Eligible For The Small Business Grant Program?

According to Facebook, they will be offering the $100M in cash grants and ad-credits for up to 30,000 eligible small businesses in over 30 countries where the social media company operates. More details about this grant will be published in a few weeks to come.

This program will help small businesses like yours to keep their workforce going strong in these hard times. Aside from that, it will also help you cut cost on rent, connect with more and new customers whiles covering your operational cost for this period.

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Facebook have made mention that they would be accepting applications for the Small Business Grant Program in the coming weeks. You can sign up using this link to receive more information and updates about the program when it becomes available.

Share this information with family and friends who runs a Small Business. This information will be very useful to them.