List Of Defunct Banks In Ghana

The five collapsed banks included Unibank Ghana Ltd, The Royal Bank LTD, Beige Bank LTD, Sovereign Bank LTD, and Construction Bank LTD The same reason for insolvency was cited as a cause of the collapse of the various banks.

How many banks were closed in Ghana?

seven bank ghana has over the past one year been embroiled in a banking crisis with the closure of seven banks, the assumption of two by GCB Bank Ltd, and the consolidation of the others into a new one writes *Etornam Nyalatorgbi. Ghana is licking the wounds from its worst banking crisis ever.

Which Bank is best 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.

Why did banks fail in Ghana?

Poor corporate governance has been cited as one of the major causes of the collapse of the seven banks by BoG, and other financial analysts.

The general non-adherence to policies of corporate governance has greatly contributed to the collapse of these banks.

Which bank is best for savings in Ghana?

Our Favorite Account Overall: ABSA’s Savings Account.

Best for the Highest Interest Rate: OmniBank’s Savings Account.

Best Savings Accounts for Foreign Currencies: SC’s Saving Account.

An Overall Good Account: Zenith Bank’s Savings Account.