Access Bank Ghana Plc

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.[2]

Access Bank Ghana Plc
TypePublic
GA: ACCESS
IndustryFinancial services
Founded2009 (2009)
Headquarters
Osu, Accra
,
Ghana
Key people
Frank W. Beecham
Chairman
Olumide Olatunji
Managing Director and CEO[1]
ProductsLoans, Transaction accounts, Savings, Investments, Debit cards,
ParentAccess Bank Group
WebsiteHomepage

Location

The headquarters and main branch of the bank are located at Starlets 91 Road, Accra, Ghana.[1][2] The geographical coordinates of the banks headquarters are:05°33'09.0"N, 0°11'24.0"W (Latitude:5.552500; Longitude:-0.190000).[3]  

Overview

The bank offers universal banking services to institutional, corporate, commercial, and retail customers, across Ghana. As of October 2017, Access Bank Ghana had total assets of US$699 million.[4]

The stock of the company is listed on the  Ghana Stock Exchange, where it trades under the symbol: ACCESS.[5]

Access Bank Group

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.[6][7]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).[8]

Ownership

The shares of stock of Access Bank Ghana are listed of 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.[4]

Access Bank Ghana Plc Stock Ownership
RankName of OwnerPercentage Ownership
1Access Bank Group
91.0
2Other Investors via Ghana Stock Exchange
9.0
Total
100.00

History

Access Bank Ghana became operational in 2009, with base capital of GHS:80 million.[9] 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.[4]

See also

References
  1. Ghana Stock Exchange (2 September 2020). "Listed Companies: Access Bank Ghana". Accra: Ghana Stock Exchange. Retrieved 2 September 2020.
  2. Bank of Ghana (2 September 2020). "Reistered Banks In Ghana". Accra: Bank of Ghana. Retrieved 2 September 2020.
  3. Google (2 September 2020). "Location of the headquarters of Access Bank Ghana" (Map). Google Maps. Google. Retrieved 2 September 2020.
  4. Chijioke Ohuocha (31 October 2017). "Nigeria's Access Bank eschews M&A in Ghana growth strategy". Reuters.com. Retrieved 2 September 2020.
  5. Reuters (26 April 2020). "Profile of Access Bank Ghana Plc". Reuters.com. Retrieved 2 September 2020.
  6. James Anyanzwa (3 November 2019). "Nigeria's biggest lender enters EA market to grow African footprint". The EastAfrican. Nairobi. Retrieved 2 September 2020.
  7. Faith Ikade (3 June 2020). "Access Bank Becomes Major Shareholder In Its Rwanda Subsidiary". Lagos: Ventures Africa. Retrieved 2 September 2020.
  8. Goddy Egene (13 May 2020). "Access Bank: Delivering Shareholders' Value". This Day Live. Lagos. Retrieved 2 September 2020.
  9. Ghana News Agency (2009). "Access Bank to begin operations in Ghana". Accra: Gipcghana.com Quoting Ghana News Agency. Retrieved 2 September 2020.

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