Ghana’s financial sector plays a vital role in supporting economic development, offering individuals and businesses access to savings, loans, investment services, and innovative digital solutions. As the industry continues to evolve in 2025, a diverse range of financial institutions, ranging from well-established traditional banks to dynamic microfinance and savings and loans companies, are leading the charge in financial inclusion and service delivery.
While these institutions have demonstrated resilience and excellence, it is important for consumers to exercise caution when choosing a financial service provider. The collapse of several licensed companies in recent years highlights the need for thorough background checks and attention to regulatory status before engaging any financial institution. This guide provides not only a ranking of the top-performing finance companies in Ghana but also a reference list of collapsed firms to help you make well-informed decisions.
In ranking Ghana’s top finance companies, we considered current financial performance (profits, asset growth), customer satisfaction, regulatory compliance, and innovation, as well as each institution’s track record. Customer-focused innovations (digital banking, new products) and strong regulatory standing were valued, though every institution operates in a challenging macroeconomic environment. (Banks and S&Ls here have weathered high inflation, a domestic debt exchange program and regulatory reforms.)
Investors and customers should remain cautious: even top banks have had to contend with Ghana’s “challenging financial environment” and past banking-sector turbulence. Below is our list of the top 10 finance companies in Ghana for 2025, followed by profiles of each.
Top 10 Finance Companies in Ghana:
- GCB Bank Ltd (Ghana Commercial Bank)
- Access Bank (Ghana) Plc
- Zenith Bank (Ghana) Ltd
- Fidelity Bank Ltd
- Ecobank Ghana Plc
- Stanbic Bank Ghana Ltd
- Absa Bank Ghana Ltd (formerly Barclays Ghana)
- Agricultural Development Bank (ADB) Ltd
- Consolidated Bank Ghana Ltd (CBG)
- ASA Savings & Loans Ltd
1. GCB Bank Ltd
Ghana Commercial Bank (GCB) is Ghana’s oldest and largest bank by assets. Established in 1953 (originally as Barclays Bank of Ghana), it became majority-owned by the Ghanaian government. Its headquarters is at Ghana Commercial Bank House, Cedi House, Liberia Road, Accra.
GCB has a dominant retail network (over 150 branches nationwide) and serves governments, corporates and individuals. It also acquired the assets of distressed banks UT Bank and Capital Bank in 2017, further boosting its scale. GCB’s size and diversified business make it a pillar of the sector; it enjoys strong depositor confidence and broad reach. In 2025, the bank continues to build on its recovery from the banking crisis, with steady asset growth and a solid capital base. Its rank reflects both its historical legacy and current stability as Ghana’s biggest banking franchise.
It is ranked as the best financial institution in Ghana because it is the largest Ghanaian-owned bank by market share, with a strong balance sheet and an extensive branch network. It has navigated past sector challenges and remains core to Ghana’s banking system.
Contact: Tel: +233 (0)302 672852, +233 (0)302 672853; Email: customerservice@gcb.com.gh; Website: www.gcbbank.com.gh.
2. Access Bank (Ghana) Plc
Access Bank Ghana, a subsidiary of Nigeria’s Access Bank, is one of the country’s fastest-growing banks. It traces its Ghanaian roots to CalBank (founded in 1990), which Access Bank acquired and rebranded in 2021. Its headquarters is at Starlets’ 91 Road (Opp. Accra Sports Stadium), Osu, Accra.
In recent years, Access Bank Ghana has posted strong profits – for example, its net profit jumped by 47.1% in Q3 2023 – and it won Global Finance’s “Best Bank in Ghana 2024” award. The bank is noted for innovative digital services (mobile and online banking) and customer-centric products. Its management emphasises SME and women’s banking (e.g. partnerships with Mastercard and MTN) and has high loan-to-deposit ratios to spur lending. In 2025, Access Bank Ghana is prominent for robust earnings and an expanding footprint.
It is ranked as the second-best financial institution in Ghana because of its award-winning performance, with strong profit growth and digital innovation. Access Bank Ghana has shown resilience in tough economic conditions and is highly rated for customer service and product breadth.
Contact: Tel: +233 (0)302 661769; Email: info@ghana.accessbankplc.com; Website: www.ghana.accessbankplc.com.
3. Zenith Bank (Ghana) Ltd
Zenith Bank Ghana is the local unit of Nigeria’s Zenith Bank Group. It began operations in 2004 and has rapidly expanded. Its headquarters is at Zenith Heights, No. 37 Independence Avenue, P.M.B. CT 393, Accra.
In 2023, Zenith Bank posted a turnaround from prior losses: total assets rose by 44% to GH¢13.86 billion, and profit before tax was GH¢1.02 billion (versus a loss the year before). This strong result was driven by surging customer deposits and lending.
Zenith also invested heavily in digital banking: it launched a new Zxplore mobile app and fully digitised account opening, reaching underserved areas. The bank’s low non-performing loan ratio (1%) and growing capital reflect sound risk management. Rank-wise, Zenith owes its high place to this stellar recent performance and innovation in services (e.g. an SME debit card and QuickBooks integration).
It is ranked among the best financial institutions in Ghana because of its landmark profitability and asset growth in 2023–24, following investment in digital platforms and SME services. Its turnaround and strong balance sheet underpin its high ranking.
Contact: Tel: +233 (0)302 611500, +233 (0)302 429700; Email: info@zenithbank.com.gh; Website: www.zenithbank.com.gh.
4. Fidelity Bank Ltd
Fidelity Bank Ghana is one of the largest privately owned commercial banks in Ghana (founded in 1998 as HFC Bank, renamed in 2013). Its headquarters is at Ridge Tower, 10 Ambassadorial Enclave, West Ridge, Accra.
It serves retail, corporate and institutional clients. In 2023, Fidelity reported a record recovery: assets hit GH¢17.22 billion (up 25%), and it swung from a GH¢518 million loss in 2022 to a profit of GH¢1.17 billion. This sharp turnaround was broad-based across retail and corporate lending.
The bank also achieved notable gains in capital (CAR improved) and extended financing to agribusiness (a key initiative noted in its AGM). Fidelity’s customer-focused image is boosted by programs for agriculture and Small/Micro Enterprises. Its strong rebound in earnings and growing loan book earn it a top-10 ranking, demonstrating resilience and solid management in the past year.
It is one of the best financial companies in Ghana for its excellent financial turnaround in 2023 (profit of GH¢1.17bn) and 25% asset growth. Fidelity is known for customer-led initiatives (including agribusiness loans) and robust deposit growth, reflecting recovery and market confidence.
Contact: Tel: +233 (0)272 463111, +233 (0)272 463222; Email: wecare@myfidelitybank.net; Website: www.fidelitybank.com.gh.
5. Ecobank Ghana Plc
Ecobank Ghana is the local subsidiary of Ecobank Transnational (a Pan-African bank headquartered in Togo). Founded in 2007, it is part of a network spanning dozens of African countries. Its headquarters is at 2 Morocco Road, Ministerial Area, Accra.
Ecobank Ghana serves retail, corporate and trade-finance clients. In 2024, the bank achieved very strong results: pre-tax profit soared 139% to GH¢2.4 billion, and total assets reached GH¢46.0 billion (up 37%). Deposits also jumped to GH¢32.5 billion, signalling enhanced customer trust.
Ecobank Ghana is noted for innovative digital channels and trade finance services; in fact, it won multiple Global Finance awards (including Best SME Bank). Its capital ratios are strong (CET1 at 15.4%). Ecobank’s high rank stems from these stellar recent results and its leading role in trade finance and mobile banking in Ghana.
It is ranked among the best for its outstanding 2024 performance (profit and assets up ~140% and 37%). As a pan-African bank, Ecobank Ghana offers extensive corporate and trade services and has won international awards (e.g. Best Treasury Bank). Its broad reach and strong balance sheet support this placement.
Contact: Tel: +233 (0)302 610400; Email: ecobankenquiries@ecobank.com; Website: www.ecobank.com/ghana.
6. Stanbic Bank Ghana Ltd
Stanbic Bank Ghana is the Ghanaian subsidiary of South Africa’s Standard Bank Group. It began in 1999 and provides retail, corporate, and investment banking. Its headquarters is at Stanbic Heights, 215 North Liberation Link, Airport City, Accra.
In 2023, Stanbic delivered record-breaking results despite economic headwinds: profit after tax was GH¢1.3 billion and total income GH¢3.3 billion (both highs in its history). Total assets grew from GH¢18.6b to GH¢24.7b, and client deposits rose significantly.
Stanbic’s growth reflects a focus on fee-based services and cost control; it did not need a capital injection after the debt exchange crisis. The bank is known for digital innovations (mobile banking) and support for private-sector growth. Its high return on equity (58%) and strategic stability earn it a top-10 place.
Additionally, it is among the best financial companies in Ghana for its record 2023 financials – profit of GH¢1.3bn, assets GH¢24.7bn – showing robust growth across business lines. Stanbic is praised for consistent service, strong capital base, and innovative products (e.g. digital SME platforms).
Contact: Tel: +233 (0)302 815 789; Email: enquiries@stanbicbank.com.gh; Website: www.stanbicbank.com.gh.
7. Absa Bank Ghana Ltd
Absa Bank Ghana (formerly Barclays Bank Ghana) is one of the oldest banks in Ghana (founded in 1917). It rebranded to Absa in 2020 after Barclays Africa changed its name. It has its headquarters at Absa House, J.E. Atta-Mills High Street, Accra.
Absa offers a full range of services and is strong in retail and corporate segments. In Q1 2025, the bank posted outstanding results, with profit-before-tax of GH¢686 million, outperforming peers.
Absa has one of the highest loan-to-deposit ratios among Tier-1 banks, reflecting aggressive SME and household lending. It has also led to digital innovation: the “Ahomka” mobile loan initiative (with MTN) has disbursed over GH¢7 billion in microloans to boost financial inclusion. Absa’s commitment to SMEs (e.g. Mastercard partnership reaching 7,000 SMEs) and strong quarterly growth secures its rank.
It is ranked among the best for its leading start to 2025 (PBT GH¢686m) and proactive SME strategy. Absa is noted for customer-focused lending (highest loans/deposits ratio) and innovative digital lending programs. Its long history and solid franchise underpin its position.
Contact: Tel: +233 (0)302 664903; Email: CustomerExperience.GH@absa.africa; Website: www.absa.com.gh.
8. Agricultural Development Bank (ADB) Ltd
Agricultural Development Bank, established in 1965, is a government-owned bank dedicated to financing the agricultural sector. Its headquarters is at 37 Independence Avenue (Financial High Street), Accra.
ADB provides commercial banking alongside specialised farm and agro-business loans. Its headquarters are on Independence Avenue in Accra. In recent years, ADB has been recapitalised and has grown its balance sheet. (It remains among the largest listed Ghanaian banks.)
The bank’s rural focus and development mandate distinguish it. For 2025, ADB maintains strong regulatory compliance and support from stakeholders. It ranks among the top finance institutions for its niche mission impact, stable presence, and growing business.
It is ranked among the best because it is a key development bank with a nationwide branch network. Its growth in loans to agriculture and compliance (major state-owned entity) contributes to stability. It may trail larger commercial banks in profit, but its enduring role in Ghana’s economy and improving performance earn it a top-10 spot.
Contact: Tel: +233 (0)302 312414; Email: customercare@agricbank.com; Website: www.agricbank.com.
9. Consolidated Bank Ghana Ltd (CBG)
Consolidated Bank Ghana was created in 2018 by merging five insolvent indigenous banks (Unibank, Royal, Beige, Sovereign, Construction) to protect depositors. It is now 100% government-owned, with over 100 branches (from the merged banks). Its headquarters is at PMB Cantonments 363, Cantonments, Accra.
CBG operates as a fully licensed commercial bank, focusing on cleaning up legacy issues and building trust. In 2024–25, it has been recapitalised and is gradually expanding its lending. While not yet as profitable as established banks, CBG’s government backing and growing deposits give it strength.
It ranks in the top 10 due to its vital role (safeguarding stability) and improving performance under new management. Formed to rescue failed banks, CBG now provides a stable government-backed option. Its deposit base and recapitalisation support growth. Though still consolidating its operations, its significance in the sector (ensuring no loss to depositors) merits a top-10 place.
Contact: Tel: +233 (0)302 216000; Email: talktous@cbg.com.gh; Website: www.cbg.com.gh.
10. ASA Savings & Loans Ltd
ASA S&L is one of Ghana’s leading microfinance/S&L companies. It is a subsidiary of ASA International (a global microfinance group) and was incorporated in 2009. Its headquarters is at No. 612 South Odorkor, Busia Junction (Odorkor–Mallam Rd), Accra.
ASA Ghana focuses on small businesses and rural communities, particularly empowering women entrepreneurs. It has won top awards (e.g. GHAMFIN’s “Best Microfinance Methodology and Highest Rural Outreach” in 2023), reflecting high customer satisfaction in low-income segments. The company is also noted as a model taxpayer, underlining regulatory compliance. Though smaller than the banks above, ASA’s innovation in social finance and excellent client outreach give it prominence.
It is ranked among the best financial companies in Ghana due to its top performance as a microfinance institution, recognised for compliance and innovation. ASA’s awards (2013 and 2022) in tax compliance and rural outreach demonstrate excellence. Its strong community presence and innovative micro-loan programs (e.g. digital credit solutions for SMEs) justify its inclusion.
Contact: Tel: +233 (0)302 328405; Email: info@asasavingsandloans.com; Website: www.asa-international.com (Ghana).
Collapsed Financial Institutions in Ghana:
The following banks and finance firms were shut down or merged due to insolvency or regulatory breaches (mostly 2017–2019):
- Unibank Ghana Ltd.
- The Royal Bank Ltd.
- Beige Bank Ltd.
- Sovereign Bank Ltd.
- Construction Bank Ltd. (merged into Consolidated Bank)
- UT Bank Ltd.
- Capital Bank Ltd. (both taken over by GCB in 2017)
- Premium Bank Ltd. (collapsed in Jan 2019)
- FBN Bank Ghana Ltd. (license revoked 20in 17)
These cases underscore the importance of prudent governance and risk management in the sector.
