Ghana Commercial Bank Services

Ghana Commercial Bank

GCB Bank Ltd. started in 1953 as the Bank of the Gold Coast to provide banking services to the emerging nation for socio-economic development.

Ghana Commercial Bank

The Bank was to provide special attention to Ghanaian traders, business people and farmers who could not elicit support from the expatriate banks.

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.

Since then GCB branches have been opened across the length and breadth of the nation tapping the potential of the 10 regions that make Ghana.

The Bank had been wholly government owned until 1996 when under the economic recovery programme part of the government ownership was divested. Today government ownership stands at 21.36% while institutional and individual holdings add up to 78.64%.

From the one branch of the 1950s, GCB now has over 150 branches and 11 agencies throughout the country.

GCB abounds in high quality human resource, which stands at 2,101 as at the end of 2009. This is remarkable when one considers that the Bank started with a staff of 27. Currently there are professionals of various disciplines who work in tandem to achieve the objectives of the Bank.

Ghana Commercial Bank History

The growth of the Bank has been synonymous with its customer base. During the first five years of the Bank’s operations, our customers were mainly small Ghanaian traders (now termed SMEs) and other nationals who were expected to maintain credit balance accounts because the Bank was then not adequately capitalized. From the small trader as customer, GCB now has a customer profile that ranges from salaried workers through small and medium scale entrepreneurs to large trading concerns, quasi-governmental institutions and corporate customers.

GCB provides a wide range of products and services for the benefit. of its customers. From the traditional products of the Current/Savings Accounts, GCB now offers specialized products and services including Link2Home for Ghanaians resident abroad, doorstep cash collection, loans and overdrafts. There are also investment products like treasury bills as well as fixed and call deposits. These are cut to suit the individual needs of customers.

In addition, GCB has taken advantage of an enhanced information technology system, to introduce Internet Banking (Commernet Plus), Royal Banking, Smart Pay (Fee Payments), Kudi Nkosuo, GCB Inland Express Money Transfer, International Money Remittance Payments, GCB Kidistar Account and MasterCard.

All these have been done to increase profits and enhance shareholder value.

Today we can boast of being the widest networked Bank in Ghana.

What is the new name for Ghana Commercial Bank?

GCB Bank Ltd

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 GCB 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.
From the one branch of the 1950s, GCB now has over 150 branches and 11 agencies throughout the country.

How can I check my GCB account balance online?

You can access your account on your computer by logging into GCB Internet Banking. To sign up, download a form or ask at any branch. You just need your ATM card number and PIN (Personal Identification Number).

How do I register my GCB mobile app

Just dial/call *422# (all networks) using the phone number you registered for the sms banking to set up and enjoy the new and improved GCB mobile banking service. You don’t even need to remember your old password. Once you are set up for the GCB Mobile Banking Service the sms banking will be automatically disabled.

Who owns the Bank of Ghana?

This article may be in need of reorganization to comply with Wikipedia’s layout guidelines.

HeadquartersAccra, Greater Accra, Ghana
Established1957
Ownership100% state ownership
GovernorDr. Ernest Kwamina Yedu Addison
Central bank ofGhana

How much is a share in Ghana Commercial Bank?

The current share price of GCB Bank Limited (GCB) is GHS 5.08. The GCB stock closed its last trading day (Tuesday, May 18, 2021) at 5.08 GHS per share on the Ghana Stock Exchange.

What is the highest denomination of Ghana cedis?

The new cedi was gradually phased out in 2007 in favor of the “Ghana cedi” at an exchange rate of 1:10,000. By removing four digits, the Ghana cedi became the highest-denominated currency unit issued in Africa.

How can I open a bank account in Ghana?

Requirements for Opening a Personal Bank Account in Ghana

  1. A valid form of identification such as a passport.
  2. Proof of residence.
  3. Tax Identification Number.
  4. Passport Pictures.
  5. Work and residence permit.
  6. A letter of introduction from your banking institution in your home country.

Which bank in Ghana is good for investment?

Standard Chartered Bank GhanaStandard Chartered Bank Ghana stands out as a great bank with the best investment account providing clients with attractive interest rates. However, other investment banks in Ghana like Ecobank, Access Bank, Fidelity Bank and others give an excellent investment platform and provide beneficial investment accounts.

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