Quick Answer: Which bank in Ghana has the highest investment rate?

For agriculture, NIB and Republic Bank offered the highest interest rate of 34.8% and 33.5 – 34.2% respectively, while NIB, again, and CAL Bank offered the expensive loans at rates of 29.5 – 34.3% and 29%, respectively in the agriculture and manufacturing sectors.

Which bank in Ghana is best for investment?

Below are 10 of the top investment banks in Ghana at the moment:

  • Databank.
  • Republic Bank.
  • National Investment Bank.
  • EDC Ghana.
  • STANLIB Ghana Limited.
  • First National Bank.
  • Fidelity Bank.
  • Agricultural Development Bank of Ghana.

Where can I invest money to get good returns in Ghana?

Here are 5 ways to invest your money in Ghana

  • Fixed deposits. Also referred to as term deposits are quite straightforward as they employ the simple interest formula for calculating interest. …
  • Mutual Funds. …
  • Shares. …
  • Treasury Bills. …
  • Bonds.

Which bank has high investment rate?

Overall Best Fixed Deposits Rates for 2021

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Ranking Institution Effective Rate %
1 Nedbank 10.60
2 Standard Bank 10.55%
3 African Bank 10.50%
4 Capitec Bank 8.84%

What investment gives the best value in Ghana?

Whatever your choice, building or buying real estate is a safe, low-risk investment to make.

  • Hotels. Hotels are generally a solid investment option. …
  • Fast Food Franchises. Ghanaians really love their food and this is evidenced by the countless restaurants sprinkled around the country. …
  • Oil and Gas. …
  • Mining. …
  • Land Ownership.

Which bank investment is the best?

Top Investment Options in India

Investment Options Period of Investment (Minimum) Returns Offered
Public Provident Fund (PPF) 15 years 7.9 per cent
Bank Fixed Deposits 7 days Fixed Returns, different from bank to bank
Senior Citizen Savings Scheme (SCSS) 5 years 8.7 per cent
Real Estate 5 years 19-15 per cent

Which bank is good investment?

Summary of Best Banks to Buy now in India

Sr. No. Company Name BSE Scrip Code
1 HDFC Bank Ltd. 500180
2 Kotak Mahindra Bank Ltd. 500247
3 ICICI Bank Ltd. 532174
4 Axis Bank Ltd. 532215

What is the safest bank in Ghana?

Global Finance has named GCB Bank Limited as the Safest Bank in Ghana.

What business is booming in Ghana now?

20 Most Profitable Business Ideas in Ghana 2021

  • Poultry Farming.
  • Snail Farming.
  • Vegetable Farming.
  • Uber.
  • Day Care Centre/Basic School.
  • Photography Services.
  • Barbering Saloon.
  • Gym/Fitness Centre.

How much do investment bankers make in Ghana?

What is the salary trajectory of an Investment Banking Analyst? The salary trajectory of an Investment Banking Analyst ranges between locations and employers. The salary starts at GHS 58,882 per year and goes up to GHS 196,044 per year for the highest level of seniority.

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Which bank is best for fixed deposit in 2021?

Fixed Deposit Interest Rates

Bank name Tenure Interest rate (%) per annum
IDFC Bank 91 days to 180 days 6.75
Kotak Mahindra Bank 181 to 363 days 6.5
SBI 180 to 210 days 6.35
Axis Bank 6 months to 8 months 29 days 6.25

Which bank pays highest interest?

Fixed Deposit Interest Rates by Different Banks

Bank Tenure Interest Rates for General Citizens (per annum)
ICICI 7 days to 10 years 2.50% to 5.50%
Punjab National Bank 7 days to 10 years 2.90% to 5.25%
HDFC Bank 7 days to 10 years 2.50% to 5.50%
Axis Bank 7 days to 10 years 2.50% to 5.75%

Which bank gives the highest interest on fixed deposit?

Axis Bank offers the highest FD interest rate of 5.75% p.a. which is for a tenure of 5 years and above for the general public. For senior citizens, the interest rate is up to 6.50%. The second highest interest rate is 5.50% p.a. which is offered by ICICI Bank and HDFC Bank for a tenure of 5 years and above.

What business can I start with 500 cedis?

Below are some best small businesses in Ghana that any aspiring entrepreneur can start with GH₵500 or less and make substantial profit in no time.

  • Making Liquid Soap. One of most important ingredients in any kitchen is liquid soap. …
  • Second hand shoes. …
  • Freelance Writing. …
  • Office Supply. …
  • Barbering Salon.

How many investment banks are in Ghana?

National Investment Bank

Type Private company, Parastatal
Industry Financial services
Founded 1963
Headquarters Accra , Ghana
Number of locations 52 branches
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How can I grow my money in Ghana?

6 Proven Ways To Grow Your Money in Ghana

  1. Opening a Savings Account. A savings account is one of the easiest ways to grow your money in Ghana. …
  2. Buying Treasury Bills. A treasury bill is a short time investment product offered by the Bank of Ghana on behalf of the government. …
  3. Opening a Fixed Deposit Investment Account.