In 1957, when Ghana attained independence, Bank of Ghana was established as the Central Bank while the Bank of the Gold Coast was renamed Ghana Commercial Bank to focus solely on commercial banking services. … From the one branch of the 1950s, GCB now has over 150 branches and 11 agencies throughout the country.
What is the new name for Ghana Commercial Bank?
GCB Bank Limited formally known as Ghana Commercial Bank is the largest bank in Ghana in terms of total operating assets and share of industry deposits, with 14.2% of total industry deposits.
|Key people||Mr. Jude Arthur Chairman Mr. Kofi Adomakoh Managing Director|
Who owns Ghana Commercial Bank?
Initially, the Bank was wholly owned by the Government of Ghana. However, in 1996, the ownership in the Bank was restructured to reflect private sector participation. Today, government shareholding stands at 51.17% with the Bank listed on the Ghana Stock Exchange.
What is the meaning of GCB in Ghana?
Shareholders at the 19th Annual General Meeting of the Ghana Commercial Bank Limited (GCB) endorsed a proposal by the Board of Directors of the Bank for a change of the Bank’s corporate name.
What is the best bank in Ghana?
Best banks in Ghana
- Access Bank (Ghana) Access Bank Ghana belongs to the more extensive Access Bank Group based in Lagos, Nigeria. …
- ADB (Agricultural Development Bank) …
- CAL Bank. …
- Ecobank Ghana. …
- Fidelity Bank. …
- GCB (Ghana Commercial Bank) …
- FAB (First Atlantic Bank) …
- Universal Merchant Bank.
What is the biggest bank in Ghana?
ECOBANK: Ecobank is now the biggest bank in Ghana in terms of operating assets following its merger with The Trust Bank in 2012. Its total assets stood at GHS3.
How much is a share in Ghana Commercial Bank?
The current share price of GCB Bank Limited (GCB) is GHS 5.20. The GCB stock closed its last trading day (Wednesday, May 19, 2021) at 5.20 GHS per share on the Ghana Stock Exchange, recording a 2.36% gain over its previous closing price of 5.08 GHS.
Is Ghana Commercial Bank state owned?
Today government ownership stands at 21.36% while institutional and individual holdings add up to 78.64%. From the one branch of the 1950s, GCB now has over 150 branches and 11 agencies throughout the country.
What is the interest rate on Treasury bills in Ghana?
|Money Market Rate||Mar 2021||13.58|
|Treasury Bills (over 31 days)||Mar 2021||12.61|
|Lending Rate||May 2017||22.5|
|Average Long-term Government Bond||Mar 2016||24.75|
Is Commercial Bank A private bank?
Private Banks are owned by private individuals and entities whereas commercial banks are the entities that include both private and public banks.
What is full form of GCB?
|GCB||German Convention Bureau Governmental||Rate it:|
|GCB||Get Current Block Miscellaneous » Unclassified||Rate it:|
|GCB||Global Change Biology Academic & Science » Biology||Rate it:|
|GCB||Global Consumer Bank Business » Banking||Rate it:|
|GCB||Global Consumer Banking Business » Banking||Rate it:|
What does GCB mean?
|GCB||Guyana Cricket Board|
|GCB||Gas Circuit Breaker|
|GCB||Greatest Conceivable Being|
|GCB||Generator Circuit Breaker|
How many banks do we have in Ghana?
Ghana’s banking and finance industry consists of 28 private banks. The Bank of Ghana serves as the country’s central monetary authority. There are 23 commercial banks in Ghana, 4 Banks with representative offices only, and 1 other banks in Ghana as at March 2020.
What is the safest bank in Ghana?
Global Finance has named GCB Bank Limited as the Safest Bank in Ghana. Of the 33 banks in Ghana only GCB is mentioned in the release which also identified safest commercial and emerging markets among others.
Who is the richest person in Ghana?
1. Charles Ampofo – $1.46 billion. Charles Ampofo is the richest man in Ghana, with a net worth of $1.46 billion.
Which bank in Ghana has the lowest interest rate?
GCB Base Rate Is The Lowest – GCB Bank Limited.