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Top 5 Banks in Ghana with good reputation to save your money with

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Top 5 Banks in Ghana with good reputation to save your money with

Top 5 Banks in Ghana with good reputation to save your money with

Top 5 Banks in Ghana with good reputation: The trust most Ghanaians have in the operations of the commercial banks has not been that stable ever since the introduction of the Financial Sector Reform (FSR) policy in 2017.

The banking sector clean-up exercise which formed part of the FSR revealed the insolvency and the disastrous indebtedness of most of the locally owned commercial banks largely due to poor corporate governance.

The central bank in the process established a new bank called Consolidated Bank Ghana (CBG) to merge all the insolvent banks into one in order to safeguard depositors’ funds.

Local banks such as Unibank, Capital Bank, Beige Bank, UT Bank, and the rest were all part of the merging. Although depositors’ savings were kept intact, there was serious panic among bank customers in the country.

We’ve taken the trouble to run quick checks on top 5 commercial banks that we can comfortably say it’s safe to save with them.

GCB Bank

GCB Bank Limited which used to be called Ghana Commercial Bank is the largest commercial bank in Ghana in terms of total operating assets and the share of the account deposits.

The bank has been operating as a universal banking institution in Ghana since the year 1953 with a nationwide workforce of over 2000 with over 150 branches and 11 agencies throughout the country. It is also worthy to note that GCB Bank took over the operations of UT Bank and Capital Bank when these two banks were declared insolvent in 2017. This added more assets to GCB bank’s existing assets.

The Bank had been wholly government-owned until 1996 when under the economic recovery programme part of the government ownership was divested.

Currently, the government of Ghana owns 21.36% share while institutional and individual holdings add up to 78.64%. In 2020, the bank’s total assets and total liabilities were reported as GHC14.9 billion, and GHC13 billion respectively.

Ecobank Ghana

Ecobank which is also called Ecobank Transnational Inc is a leading independent regional banking group. Ecobank has been operating in 36 countries within the African continent since 1985 with over 20,000 employees. The bank is made up of a pool of African investors with its headquarters based in Lome, Togo.

Ecobank’s operations in Ghana started in the year 1990 and currently, its workforce in the country stands above 1,600. Ecobank acquired The Trus Bank Limited (TTB) in December 2011, and this gave rise to the total assets of the bank. Currently, the bank has 67 branches nationwide.

In 2019, the bank reported total assets of GHC13.229 billion and shareholders’ equity of GHC1.784 billion with profit before tax of GHC642.496 million and profit after tax of GHC444.946 million for its operations in Ghana.

Standard Chartered Bank

Standard Chartered plc is a British multinational banking and financial services company headquartered in London, England.

It operates a network of more than 1,200 branches and outlets across more than 70 countries and employs around 87,000 people. The bank was founded in the year 1969 in London.

The bank started its operations in Ghana in the year 1896 as Bank of British West Africa and served as the Central Bank of the Gold Coast in the pre-independence era until 1953 which makes it one of the oldest companies in Ghana. Currently, the bank operates a total of 27 branches in the country. The 2019 financial position of the bank’s operation in Ghana reported total assets of GHC7.62 billion, total liabilities of GHC6.45 billion, and a total shareholders fund of 1.17 billion (all in approximations).

Stanbic Bank

Stanbic Bank Ghana is a subsidiary of the larger Standard  Bank Group which operates in 20 countries in Africa and in 12 other countries across the globe.

Stanbic Bank Ghana started its operation in Ghana in the year 2009. In their 2019 annual report, it was reported that the bank’s total asset stood at GHC9.3 billion and a total equity of GHC1.3 billion

Zenith Bank

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.

The annual report of the bank for the 2019 year ended reported a total assets of GHC 6.691 billion, a total liabilities of GHC 5.572 billion with total equity of GHC 1.118 billion.

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List of Real Estate Houses With Their Prices And Locations in Ghana

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List of Real Estate Houses With Their Prices Regimanuel Grey Estate

List of Real Estate Houses With Their Prices And Locations in Ghana

List of Real Estate Houses With Their Prices: Real estate in Ghana is booming and there are many options to choose from if you are a foreigner or a local. Ghana has some of the best real estate developers who build quality and sustainable properties for use. Every one of us needs our own accommodation or shelter at a point in our lives so it makes perfect sense to invest in real estate in Ghana. The Ghana real estate market in 2019 was exceptional.

The coming year looks even more promising. To help in your search for that perfect estate house, we have created a list of estate houses with their prices and locations within Ghana so you can easily make a choice and contact them for a physical viewing and a great deal.

Real Estate Houses for Sale in Ghana

Here is a comprehensive list of estate houses in Ghana with their prices and locations as well as their developers. Buying an estate house is a good investment as it comes with the land and a good neighborhood. You can also decide to build your own house if you prefer that.

The Greens Estate

The Greens Estate

The Greens Estate is a new and luxurious estate located in community 25, Tema. You will find a modern, pleasant and satisfying home that has eco-friendly features as well as a wonderful community. You can take a 360-degree tour of the estate houses even before you arrange a physical viewing.

Prices and Location

Units Location Price (GHS)
The Neem Tema Community 25
456,867
The Oak Tema Community 25
581,962
The Pine Tema Community 25
413,356
The Oak Plus Tema Community 25
679,862

 

The Sohenko Courts

The Sohenko Courts

This estate is composed of many townhomes. Which form the Sohenko Estates. You can contact them to request a viewing of these magnificent estates.

Prices and Location

Unit Location Price ($)
5 Bedroom Mansion North Legon
210,000
4 Bedroom Townhouse North Legon
175,000
4 Bedroom House North Legon
190,000
3 bedroom Semi-detached Adenta
145,000
3 bedroom TownHouse North Legon
160,000
2 Bedroom TownHouse North Legon
95,000
2 Bedroom TownHouse North Legon
120,000

Paradise Estates

Paradise Estates

The Paradise Estates is a plush estate located within the East Legon Hills. This estate in Ghana has been well planned out to serve its residents on an aesthetic and practical basis. You will enjoy coming home to this serene estate from Paradise Estates in East Legon. There are many houses for sale in Ghana at East Legon but Paradise estate is one of the best you can get.

Prices and Location

Unit Location Price (GHS)
3 Bedroom Luxury Home East Legon Hills
951,807
4 Bedroom Luxury Home East Legon Hills
1,574,561

 

23 Odum Estates

23 Odum Estates

If you are ever in Accra and want to stay in a luxurious and well-built estate, then the 23 Odum would be a great option. 23 Odum has all the facilities to make your stay a very comfortable one. They have the following facilities at your disposal:

– 24hr Backup Power

– Excellent Roads

– 24hr Security

– Swimming Pool

– Kids Play Area

– Integrated Solar Power (optional)

– Fibre Broadband Connectivity

– Electric charging Station (optional).

Prices and Location

Units Location Price ($)
4 Bedroom Townhouse Dzorwulu
385,000

Adom City Estate

List of Real Estate Houses With Their Prices Adom City Estate

The Adom City Estates can be found in the Eastern region at the border with the Greater Accra region. This real estate company has a number of estates around Ghana which they have developed and some of which are still under construction, like the Adom City Estate Community 25 project in Tema. Tema has witnessed many changes over the past few years and one of the major ones is the real estate sector.

Adom City Estates has 3 estates: the Adom Hills, Adom Court, and the Community 25 project. They have proven to be one of the best real estate companies in Ghana and have won multiple awards. This is mainly because of the affordability of their estates. Affordability in real estate in Ghana is still very relative but Adom real estate is doing a great job in the middle and lower class category.

Prices and Location

Units Location Price (GHS)
2 Bedroom Tema 200,000
2 Bedroom Kasoa 170,000
3 Bedroom Tema 270,000
3 Bedroom Kasoa 230,000
4 Bedroom Tema 400,000
4 Bedroom Kasoa 350,000

The Adom Courts at Kuntunse, Adom Hills at Apra, and the last in Tema, Community 25 are some of the best estates in Accra. If you are interested in living on the periphery of the city then these estates would be ideal for you. Adom Estates have very competitive prices for 3 bedroom houses and more in Ghana.

Lakeside Estate

List of Real Estate Houses With Their Prices Lakeside Estate

The Lakeside Estate is a very beautiful and well-organized estate in Ghana. You can find the Lakeside Estate at Ashale-Botwe in Accra. This estate is ideal for families as it has all the necessary amenities like a park for recreation, a hospital, and more. There is currently Lakeside Estate property for sale at good prices so make sure to check the table below to know the current prices. There are a few lakeside estate houses for rent which you might want to take advantage of as well.

Many people search for Lakeside Estates land for sale because Lakeside is one of the best Estates in Accra. You can get a 2 bedroom house at Lakeside  Estate at a very affordable price. Lakeside Estate townhomes and Lakeside estate apartments are a real asset to have.

Prices and Location

Unit Location Price ($)
2 Bedroom Semi-Detached (Shell) Adenta Municipality 57,000
2 Bedroom Detached (Sea Shell) Adenta Municipality 99,750
3 Bedroom Detached (StarFish) Adenta Municipality 125,000
3 Bedroom With BQ (Super Starfish) Adenta Municipality 155,000
4 Bedroom Executive With An Outhouse (Dolphin) Adenta Municipality 210,000

 

Regimanuel Grey Estate

Regimanuel Grey Estate

The Regimanuel Grey Estate company has contributed greatly to real estate in Ghana. They have truly aided in the major housing deficit that Ghana is struggling with. Some of the estates that Regimanuel Grey have built include the following:

  • East Airport development includes the Regimanuel Estates Golden Gate, Silver Bells, Platinum Place and Diamond Hills.
  • Meridian Garden at Klagon
  • Eagles Palace at Sakumono
  • Katamanso is close to Ashiyie which includes the Regimanuel Adom Gate Estates.
  • Balloon Gate at Kwabenya

Regimanuel Grey Estates are well-planned communities of over 600 executive single and two-storey houses and 240 luxury apartments set in a serenely landscaped environment including a beautiful community centre, pool and tennis courts. With close to 1000 buildings, Regimanuel grey is one of the most sought after estates in Ghana.

Below are the Regimanuel Estate prices for consideration. As one of the major real estate companies in Ghana, you can be assured of quality service.

Prices and Location

Unit Location Price ($)
Detached 2 Storey  Sakumono 650,000
Semi-Detached 2 Storey Sakumono 595,000
3 Bedroom Apartments Klagon 270.000
RG-3 Katamanso 234,000
2 Bedroom Apartments Klagon 190,000
RG-7 Katamanso 150,475
2 Bedroom Apartments Kwabenya 125,000
RG-1 Katamanso 83,400

Trasacco Valley Estates

Trasacco Valley Estates

Trasacco is undoubtedly one of the best real estate companies in Ghana with a credible reputation. Many people like to take pictures at Trasacco Valley due to the exquisite finishings. Some of the Trasacco developments include the following: Trasacco Springs, Cantonments Development.

There are many Trasacco homes for sale in Ghana right now that you can view and purchase. You can get the prices of houses in Trasacco Accra, Ghana in the table below. The Trassaco Ghana house prices are estimated based on the data from the Meqasa website.

Prices and Location

Units Location Price (GHc)*
2 Bedroom Arjinganor, East Legon 250,000 – 1.6M
3 Bedroom Arjinganor, East Legon 650,000 – 3.5M
4 Bedroom Arjinganor, East Legon 1M – 7M
5 Bedroom Arjinganor, East Legon 2.7M – 13.5M

 

*These prices are approximations based on data taken from the Meqasa website.

 

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What is the full meaning of SWIFT code?

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Society for Worldwide Interbank Financial Telecommunication What is the full meaning of SWIFT code?

What is the full meaning of SWIFT code?

SWIFT Codes are handled by Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) and is the registered trademark of S.W.I.F.T. SCRL with a registered address at Avenue Adèle 1, B-1310 La Hulpe, Belgium.

SWIFT Code is a standard format of Bank Identifier Code (BIC) used to specify a particular bank or branch. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also use these codes for exchanging messages between them.

SWIFT codes comprise 8 or 11 characters. All 11 digit codes refer to specific branches, while 8 digit codes (or those ending in ‘XXX’) refer to the head or primary office. SWIFT codes are formatted as follows:

  • First 4 characters – bank code (only letters)
  • Next 2 characters – ISO 3166-1 alpha-2 country code (only letters)
  • Next 2 characters – location code, the passive participant will have “1” in the second character (letters and digits)
  • Last 3 characters – branch code, optional – ‘XXX’ for primary office (letters and digits)

Read more: Find SWIFT codes of all banks in Ghana

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Find SWIFT codes of all banks in Ghana

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Find SWIFT codes of all banks in Ghana

What is a SWIFT Code?

SWIFT Code is a standard format of Bank Identifier Code (BIC) used to specify a particular bank or branch. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also use these codes for exchanging messages between them.

SWIFT codes comprise 8 or 11 characters. All 11 digit codes refer to specific branches, while 8 digit codes (or those ending in ‘XXX’) refer to the head or primary office. SWIFT codes are formatted as follows:

  • First 4 characters – bank code (only letters)
  • Next 2 characters – ISO 3166-1 alpha-2 country code (only letters)
  • Next 2 characters – location code, passive participant will have “1” in the second character (letters and digits)
  • Last 3 characters – branch code, optional – ‘XXX’ for primary office (letters and digits)

The Central Bank of Ghana as a regulatory body for all commercial bank operations in Ghana has an assigned SWIFT code for every licensed commercial bank in the country.

Search in the table below for your bank’s SWIFT code:

Bank CityBranchSWIFT Code
ABSA BANK OF GHANA LIMITEDACCRA(ALL BRANCHES IN GHANA)BARCGHAC
ABSA BANK OF GHANA LIMITEDACCRA(OFFSHORE BANKING UNIT)BARCGHACOBU
ACCESS BANK (GHANA) PLCACCRA280100ABNGGHAC
AGRICULTURAL DEVELOPMENT BANKACCRA80100ADNTGHAC
ARB APEX BANK LIMITEDACCRA70101AREXGHAC
BANK OF AFRICA - GHANA LIMITEDACCRA210100AMMAGHAC
BANK OF GHANAACCRABAGHGHA4
BANK OF GHANAACCRABAGHGHA5
BANK OF GHANAACCRA10101BAGHGHAC
BSIC GHANA LTDACCRA270100BSAHGHAC
CAL BANK LIMITEDACCRA(CAL BANK CUSTODY SERVICES)ACCCGHACCBS
CAL BANK LIMITEDACCRA140100ACCCGHAC
CENTRAL SECURITIES DEPOSITORY (GH) LIMITEDACCRACSDRGHAC
CONSOLIDATED BANK GHANA LIMITEDACCRA340100UBGHGHAC
CONTROLLER AND ACCOUNTANT-GENERAL'S DEPARTMENTACCRACODGGHAC
ECOBANK GHANAACCRAECOCGHACCUS
ECOBANK GHANAACCRA130101ECOCGHAC
ECOBANK GHANAKUMASI(KUMASI BRANCH)ECOCGHACKSI
ECOBANK GHANATAKORADI(TAKORADI BRANCH)ECOCGHACTDI
ECOBANK GHANATEMA(TEMA BRANCH)ECOCGHACTMA
FBNBANK GHANA LIMITEDACCRA200101INCEGHAC
FIDELITY BANK GHANA LIMITEDACCRA240100FBLIGHAC
FIRST ATLANTIC BANK LIMITEDACCRAFAMCGHAC
FIRST NATIONAL BANK GHANA LIMITEDACCRA330100FIRNGHAC
GCB BANK LIMITEDACCRA40199GHCBGHAC
GCB BANK LIMITEDKUMASI40601GHCBGHACKSI
GCB BANK LIMITEDTAKORADI40401GHCBGHACTDI
GCB BANK LIMITEDTEMA40107GHCBGHACTMA
GHANA REVENUE AUTHORITYACCRAGHRAGHAC
GHL BANK LTDACCRA390100GHLLGHAC
GUARANTY TRUST BANK (GHANA) LTDACCRA230101GTBIGHAC
NATIONAL INVESTMENT BANKACCRA50131NIBGGHAC
OMNIBANK GHANA LIMITEDACCRA360101OMBLGHAC
PRUDENTIAL BANK LIMITEDACCRA180101PUBKGHAC
REPUBLIC BANK (GHANA) LTDACCRA(CUSTODY SERVICES)HFCAGHACCSD
REPUBLIC BANK (GHANA) LTDACCRA110103HFCAGHAC
SOCIAL SECURITY AND NATIONAL INSURANCE TRUSTACCRASSNTGHAC
SOCIETE GENERALE GHANA LIMITEDACCRA90115SSEBGHAC
SOCIETE GENERALE GHANA LIMITEDKUMASI90602SSEBGHACKSI
SOCIETE GENERALE GHANA LIMITEDTAMALE90801SSEBGHACTAM
STANBIC BANK GHANA LIMITEDACCRA190101SBICGHAC
STANDARD CHARTERED BANK GHANA LIMITEDACCRA(HEAD OFFICE)SCBLGHAC
STANDARD CHARTERED BANK GHANA LIMITEDACCRA(SECURITIES SERVICES UNIT)SCBLGHACSSU
STANDARD CHARTERED BANK GHANA LIMITEDKUMASISCBLGHACKSI
STANDARD CHARTERED BANK GHANA LIMITEDTAKORADISCBLGHACTDI
STANDARD CHARTERED BANK GHANA LIMITEDTEMA20106SCBLGHACTMA
TAKORADI INTERNATIONAL COMPANYTAKORADITAKOGHAC
UNITED BANK FOR AFRICA (GHANA) LTDACCRA60101STBGGHAC
UNIVERSAL MERCHANT BANK LIMITEDACCRA100101MBGHGHAC
UNIVERSAL MERCHANT BANK LIMITEDKUMASI100601MBGHGHACKSI
UNIVERSAL MERCHANT BANK LIMITEDTAKORADI100401MBGHGHACTDI
UNIVERSAL MERCHANT BANK LIMITEDTEMA100102MBGHGHACTMA
ZENITH BANK (GHANA) LIMITEDACCRA120101ZEBLGHAC
UNIVERSAL MERCHANT BANK LIMITEDTAKORADI100401MBGHGHACTDI
UNIVERSAL MERCHANT BANK LIMITEDTEMA100102MBGHGHACTMA
ZENITH BANK (GHANA) LIMITEDACCRA120101ZEBLGHAC
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