Who is the owner of GCB bank?
|Rank||Name of Owner||Percentage Ownership|
|1||SOCIAL SECURITY AND NATIONAL INSURANCE TRUST||50.50|
|2||MINISTRY OF FINANCE & ECONOMIC PLANNING||21.36|
|3||SCGN/Northern Trust Global Services Limited||6.79|
Is GCB bank owned by government?
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.
Who has ownership of commercial banks?
1. Public Sector Banks: The term “public sector banks” refers to a situation where the majority equityStockholders EquityStockholders Equity (also known as Shareholders Equity) is an account on a company’s balance sheet that consists of share capital plus stake in the banks is held by the government.
Who is the CEO of Ghana Commercial Bank?
The Board of Directors of GCB Bank Limited (GCB) has appointed Mr. Anselm Ransford Adzetey Sowah, a seasoned banker and lawyer as the Managing Director of the Bank.
Is GCB the same as Ghana Commercial Bank?
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 of Ghana Commercial Bank?
GCB announces the change of their name from Ghana Commercial Bank Limited to GCB Bank Limited.
Which bank is the largest bank in Ghana?
GCB is currently Ghana’s largest Bank with over 200 networked branches, 20 Agencies and 280 ATMs.