How to open a Bank account in Ghana

For individuals and corporate entities that want to open a bank account in Ghana, the good news is that there are different banks in Ghana that you can choose to open an account with today. You can open an account with any of these banks in Ghana, provided you meet their requirements.

The general requirement for opening a bank account in Ghana in terms of age is that one must be at least 18 years old before they qualify to open a bank account in Ghana. If you meet the age requirement, go to any branch of your preferred bank in Ghana and get a bank account opened for you, whether it is a savings account, fixed deposit, or any other type of bank account.

Read also: How to apply for Fido Loan in Ghana

List of Commercial Banks in Ghana

Below are some of the banks in Ghana that you can visit to open a Bank account.

1. Zenith Bank (Ghana) Limited
2. Universal Merchant Bank Limited
3. United Bank for Africa (Ghana) Limited
4. Standard Chartered Bank Ghana Plc
5. Stanbic Bank Ghana Limited
6. Societe General Ghana Plc
7. Republic Bank (Ghana) PLC
8. Prudential Bank Limited
9. OmniBSIC Bank Ghana Limited
10. National Investment Bank Limited
11. Guaranty Trust Bank (Ghana) Limited
12. GCB Bank Plc
13. First National Bank (Ghana) Limited
14. First Atlantic Bank Limited
15. Fidelity Bank Ghana Limited
16. FBNBank (Ghana) Limited
17. Ecobank Ghana Plc
18. Consolidated Bank Ghana Limited
19. CalBank PLC
20. Bank of Africa Ghana Limited
21. Agricultural Development Bank Plc
22. Access Bank (Ghana) Plc
23. Absa Bank Ghana Limited

Requirements for opening a bank account in Ghana

Individuals

1. Provide legal name & any other name used. (such as maiden name)
2. Permanent address (full address should be provided; post office box is not sufficient), and important landmarks close to your residence should act as a complement.
3. Telephone number, fax number, and e-mail address
4. Date of birth
5. Nationality
6. Occupation, public position held, and/or employer name
7. With students, an introductory letter from the student’s institution, signed by the head of the institution or his representative, and a student ID card.
8. Type of account and nature of banking relationship
9. Signature
10. Any other information the respective bank may require
11. Passport Pictures 
12. Copy of current utility bill 
13. A valid form of identification (for example, a Ghana card)
14. Initial Deposit (To activate your account, you need to make an initial deposit. Most banks request GH¢50 cedis and others GH¢20).

Corporate entities 

1. Name of institution
2. Principal place of the institution’s business operations
3. The mailing address of your institution
4. Contact telephone and fax number
5. Original or certified copy of the regulations, business registration, and commencement of business
6. Resolution of the board of directors to open an account and identification of those who have authority to operate the account.
7. Nature and purpose of business and its legitimacy.
8. Website addresses of the institution, if any
9. E-mail addresses of the (directors) signatories of the accounts
10. Any other information the respective bank may require