What is the mission and vision statement of Ghana Commercial Bank?

Mission: Our mission is to provide friendly, helpful and accessible banking services, combined with expert financial solutions that help people and businesses realise their goals.

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 new name for Ghana Commercial Bank?

In 2013, the bank renamed itself GCB Bank Ltd, with a new brand identity which was launched at the end of 2014. Today, GCB Bank Ltd serves the banking needs of large corporations, parastatal companies, small and medium enterprises as well as individuals.

Is Ghana Commercial Bank the same as Bank of Ghana?

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.

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What is the biggest Bank in Ghana?

As of June 2020, Ghana Commercial Bank (GCB) had 185 branches across Ghana, leading in the count among financial institutions the country. This was followed by Consolidated Bank Ghana Limited and Agricultural Development Bank (ADB) Limited with 106 and 83 branches, respectively.

What is commercial bank function?

Answer: The primary functions of a commercial bank are accepting deposits and also lending funds. Deposits are savings, current, or time deposits. Also, a commercial bank lends funds to its customers in the form of loans and advances, cash credit, overdraft and discounting of bills, etc.

What is meant by commercial bank?

The term commercial bank refers to a financial institution that accepts deposits, offers checking account services, makes various loans, and offers basic financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses.

Where is the headquarters of Ghana Commercial Bank?

There are 23 commercial banks in Ghana, 4 Banks with representative offices only, and 1 other banks in Ghana as at March 2020.

Who is the head of commercial bank?

Sivakrishnarajah Renganathan, Chief Executive Officer and Managing Director, Commercial Bank of Ceylon PLC.

What is the vision of Bank of Ghana?

To promote growth and stability of the economies we operate in. We seek to attain high standards of customer service, accountability, efficiency, respect and confidentiality.

What is the mission and vision of Fidelity Bank?

Fidelity Bank is here for one reason: to help families, individuals, and businesses in our communities get where they want to be. We do this by delivering clarity and confidence, with our unique LifeDesign approach to banking, to those we serve.

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What is the interest rate of Ghana Commercial Bank?

GCB is currently the bank with the lowest base rate in the country. With a base rate of 22.75% down from 26.0% GCB is strengthening its market leadership in the country’s banking industry where some banks have their base rates as high as 27% and 29%.

Who owns Ecobank?

Ecobank

Type Public Company GSE: ETI NSE: ETIT BRVM: ETI
Key people Emmanuel Ikazoboh chairman Ade Ayeyemi group chief executive officer
Products show List
Revenue US$ 2.11 billion (2015) US$ 2.28 billion (2014)
Net income US$ 107 million (2015) US$ 395 million (2014)

What is the best bank to save in Ghana?

Top Banks in Ghana

  • The Top Banks in Ghana are:
  • GCB Bank Limited. …
  • Ecobank Ghana (EBG) …
  • Zenith Bank of Ghana. …
  • Absa Bank Ghana Limited. …
  • Agricultural Development Bank. …
  • Société Générale Ghana Ltd. …
  • Fidelity Bank of Ghana.

Which bank is the oldest in Ghana?

Standard Chartered Bank Ghana Limited is the oldest commercial bank in Ghana and has been listed on the Ghana Stock Exchange since 1991. It began its operations in 1896 as the Bank of British West Africa and served as the Central Bank of the Gold Coast in the pre-independence era until 1953.