List of Banks in Ghana and their Current Interest Rates
Here is the list of banks operating in Ghana and their interest rates in 2021. According to the bank of Ghana average lending rates of universal banks published in July 2021, the lending rates of twenty-three (23) banks were published.
This article will throw light on the percentage rates of each of the banks. Let’s first take a look at the banks that were mentioned in the 2021 bank of Ghana lending rate list.
How Many Commercial Banks do we have in Ghana?
According to the Bank of Ghana, there are twenty-three (28) known commercial banks in Ghana and twenty-three private banks operating in Ghana. The list of commercial banks are as follows;
List of Commercial Banks in Ghana
- Absa Bank Ghana Limited
- Access Bank limited
- Agricultural Development Bank Limited
- Bank of Africa Ghana
- CalBank PLC
- Consolidate Bank Ghana
- Ecobank Ghana Limited
- FBNBank Ghana Limited
- Fidelity bank Ghana Limited
- First Atlantic Bank Limited
- First National Bank Limited
- Ghana Commercial Bank Limited
- Guaranty Trust Bank
- Natinal Investment Bank Limited
- omniBSIC Bank Ghana Limited
- Prudential Bank Limited
- Republic Bank Ghana (PLC)
- Société General Ghana PLC
- Stanbic Bank Ghana Limited
- Standard Charted Bank Ghana Limited
- Universal merchant Bank
- United Bank of Africa
- Zenith Bank Ghana Limited
The table below shows the list of banks in Ghana and their interest rates
List of Banks and their current Interest Rates in Ghana 2021
|S/N||NAME OF BANK||LENDING RATES(%)|
|1||Absa Bank Ghana Limited||23.59|
|2||Access Bank limited||17.77|
|3||Agricultural Development Bank Limited||24.89|
|4||Bank of Africa Ghana Limited||17.19|
|6||Consolidated Bank Ghana||21.62|
|7||Ecobank Ghana Limited||18.41|
|8||FBNBank Ghana Limited||22.25|
|9||Fidelity Bank Ghana Limited||20.64|
|10||First Atlantic Bank||21.35|
|11||First National Bank Ghana Limited||20.55|
|12||GCB Bank Limited||22.80|
|13||Guaranty Trust Bank Ghana Limited||16.97|
|14||National Investment Bank Limited||21.77|
|15||OmniBSIC Bank Ghan Limited||17.95|
|16||Prudential Bank Limited||21.93|
|17||Republic Bank Ghana PLC||21.04|
|18||Societe General Ghana PLC||23.61|
|19||Stanbic Bank Ghana Limited||20.86|
|20||Standard Charted Bank Ghana Limited||20.82|
|21||United Bank for Africa Ghana Limited||19. 05|
|22||Universal Merchant Bank Limited||19. 05|
|23||Zenith Bank Ghana Limited||19.45|
Which bank in Ghana has the lowest interest rate in 2021 /2022?
With reference to the table above endorsed by the bank of Ghana, CalBank PLC has the lowest interest rate. It has an interest rate of 15.97% followed by Guarantee Trust bank Ghana Limited with a lending rate of 16.97%. There are other banks like Bank of Africa Ghana with 17.19% and Access Bank coming in with 17.77%.
Which banks Have the Highest interest rates in Ghana?
The highest interest rate is 24.89 percent, according to the Bank of Ghana’s average lending rates report for 2021. This is the rate of the Agricultural Development Bank (ADB). Absa Bank Ghana Limited and Société General both have 23.59 percent and 23.61 percent of the market share, respectively.
Which bank is best for savings in Ghana?
Zenith Bank Ghana Limited is one of the best banks for savings in Ghana. The Ghana Commercial bank is having a lot to offer its customers when it comes to savings. Data Bank is not left out when it comes to savings. They have flexible packages in terms of savings.