Access Bank Ghana Plc, formerly Access Bank Ghana Limited, is a full-service commercial bank in Ghana, licensed by the Bank of Ghana, the central bank and national banking regulator. Access Bank Ghana is a subsidiary and component of the Access Bank Group, a financial services conglomerate with headquarters in Nigeria and subsidiaries in the Democratic Republic of the Congo, Gambia, Ghana, Kenya, Nigeria, Rwanda, Sierra Leone, Zambia, and the United Kingdom.
The group also maintains representative offices in China, India, United Arab Emirates, and Lebanon. As of 31 March 2020, Access Bank Group was a large pan-African financial services organization with assets in excess of ₦7.28 trillion (US$18.82 billion). The headquarters and main branch of the bank are located at Starlets 91 Road, Accra, Ghana.
The geographical coordinates of the bank’s headquarters are: 05°33’09.0″N, 0°11’24.0″W (Latitude: 5.552500; Longitude:-0.190000). Access Bank Ghana became operational in 2009, with a base capital of GHS:80 million. In March 2017, Access Bank Group completed an initial public offering (IPO) for its Ghana subsidiary, raising $6 million by selling a 6 percent stake
The shares of stock of Access Bank Ghana are listed on the Ghana Stock Exchange where they trade under the symbol: ACCESS. The table below illustrates the shareholding in the company, as of 31 October 2017
Principles of banking
The central practice of banking consists of borrowing and lending. As in other businesses, operations must be based on capital, but banks employ comparatively little of their own capital in relation to the total volume of their transactions. Instead, banks use the funds obtained through deposits and, as a precaution, maintain capital and reserve accounts to protect against losses on their loans and investments and to provide for unanticipated cash withdrawals.
Genuine banks are distinguished from other kinds of financial intermediaries by the readily transferable or “spendable” nature of at least some of their liabilities (also known as IOUs), which allows those liabilities to serve as means of exchange—that is, as money.
Access Bank Customer Care Number In Ghana
If you need general information about Access Bank or would like to arrange an interview, please contact our press office. +233 302 742699, Toll Free: 0800 00 4400
Email us on: [email protected]
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