| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 1997 |
| Headquarters | Accra, Ghana |
Number of locations | 23 branches |
Key people | Abderrahmane Belbachir, managing director Fatoumata Gakou, Deputy managing director[1] |
| Products | Loans, transaction accounts, savings, investments, debit cards |
| Revenue |  Aftertax:US$9,420,161.62 (GHS:111,911,520 (2023)[2] |
| Total assets |  US$ 274,053,442.42 (GHS 3,225,754,896 (2023) |
| Parent | Bank of Africa Group |
| Website | www |
Bank of Africa Ghana Limited, also referred to as BOA Ghana, is a commercial bank in Ghana. It is one of the commercial banks licensed by Bank of Ghana, the central bank of Ghana, and the national banking regulator. the bank has 33 branches in 2015.[3]
BOA Ghana is a large financial services provider in Ghana. As of December 2011[update], the total asset valuation of the bank was estimated at US$300 million (GHS:735.5 million).[4] The bank is a member of Bank of Africa Group, a multinational, Pan African bank headquartered in Bamako, Mali, with presence in fourteen African countries, including Benin, Burkina Faso, Burundi, Democratic Republic of the Congo, Djibouti, Ghana, Kenya, Ivory Coast, Madagascar, Mali, Niger, Senegal, Tanzania and Uganda. The group also maintains an office in Paris, France.[5]
History[edit]
The bank was incorporated in 1997, as Amalgamated Bank Limited. In 2006, Meeky Enterprises of Nigeria, acquired 49% shareholding in AmalBank. At that time, Meeky was also a major shareholder in Oceanic Bank, a Nigerian financial services provider which was later acquired by Ecobank Nigeria. In April 2011, majority shareholding (60%) in AmalBank was acquired by the Bank of Africa Group. AmalBank rebranded to Bank of Africa (Ghana)[6]
Ownership[edit]
The stock of Bank of Africa (Ghana) is owned by the following corporate entities and individuals.
| Bank of Africa (Ghana) Stock Ownership | |||||||||||||||
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Branch network[edit]
In 2015, the bank had 23 branches at the following locations:[7]
- Amakom Business Office – 323 24 February Road, Amakom, Kumasi
- Adum Business Office – 10 Mission Road, Adum, Kumasi
- Maamobi Business Office – Hertz House, Nima Highway, Accra
- New Town Business Office – B Plaza, Hill Street at New Town-Pigfarm Road, New Town
- Accra Central Business Office – Ollivant Arcade, Accra Central
- Business Centre Office – Ground Floor, The Octagon, Ridge, Accra
- Michel Camp Road Business Office – Aseidua Plaza, Tulaku, Tema
- Spintex Business Office – Batsona-Spintex Road, Tema
- Tamale Business Office – 8 Daboya Street, Old Market, Tamale
- Osu Business Office – Cantonments Road, Cantonments, Osu
- Takoradi Business Office – 10 Market Circle, Takoradi
- Kwashieman Business Office – 248 Motorway Extension, Kwashieman, Accra
- East Legon Business Office – 38B Lagos Avenue, East Legon, Accra
- Dansoman Business Office – 300 Dansoman Estates, Dansoman, Accra
- Madina Business Office – Hollywood Road at Madina Zongo, Madina
- Abossey Okai Business Office – Mortuary Road, Abossey Okai, Accra
- Tema Business Office – Tema Town Centre, Tema
- Sokoban Agency – Office Space# 1, Sokoban Wood Village, Kumasi
External links[edit]
See also[edit]
- Bank of Africa Group
- List of banks in Ghana
- AmalBank
- Economy of Ghana
- Bank of Africa Kenya Limited
- Bank of Africa Rwanda Limited
- Bank of Africa Tanzania Limited
- Bank of Africa Uganda Limited
References[edit]
- ^ "Key People At BOA-Ghana". Archived from the original on 25 January 2013. Retrieved 24 May 2012.
- ^ December 2011 Financial Data
- ^ List of Licensed Commercial Banks In Ghana Archived 25 September 2014 at the Wayback Machine
- ^ "Guitarra e Teclado em Ghanaian Chronicle | redação, perda de barriga, música com guitarra e teclado importados nas crônicas de Gana". ghanaian-chronicle.com (in Brazilian Portuguese). Archived from the original on 13 July 2012. Retrieved 17 August 2017.
- ^ "About Bank of Africa Group". Archived from the original on 30 January 2014. Retrieved 24 May 2012.
- ^ AmalBank Acquired By Bank of Africa Group Archived 5 April 2012 at the Wayback Machine
- ^ "Branches of Bank of Africa (Ghana)". Archived from the original on 25 January 2013. Retrieved 24 May 2012.