Access Bank Ghana Plc
{{short description|Ghanaian commercial bank}}
{{Use Ghanaian English|date=June 2024}}
{{Use dmy dates|date=June 2024}}
{{Infobox company
| name = Access Bank Ghana Plc
| logo =
| type = Public
| traded_as = GA: ACCESS
| foundation = {{start date and years ago|2009}}
| location_country = Ghana
| key_people = Ama Bawuah
(chairperson}
Olumide Olatunji
(managing director and CEO){{cite web| work=Leadership | url=https://allafrica.com/stories/202406240340.html |date=23 June 2024 |title=Ghana: Access Bank Ghana Records Total Assets of Ghs12.30 Billion |author=Olushola Bello |access-date=25 June 2023 | location=Abuja, Nigeria |format=via AllAfrica.com}}
Pearl Nkrumah
(executive director){{cite web|url=https://www.ghana.accessbankplc.com/pages/About-Us/Board-and-Management-Team/Pearl-Nkrumah.aspx |title=Access Bank Ghana Plc: Board And Management Team: Pearl Nkrumah |date=February 2022 | work=Access Bank Ghana Plc |author=Access Bank Ghana |
access-date=27 February 2022 |location=Accra, Ghana}}
| num_employees =
| assets = GHS: 12.30 billion (US$812 million) (2023)
| revenue = {{Profit}} Pretax: GHS: 1.613 billion (US$106.5 million) (2023)
| industry = Financial services
| products = Loans, transaction accounts, savings, investments, debit cards
| parent = Access Bank Group
| homepage = [https://www.ghana.accessbankplc.com/ Homepage]
}}
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.{{cite web| url=https://www.bog.gov.gh/supervision-regulation/registered-institutions/banks/ |title=Registered Banks In Ghana |date=2 September 2020 |publisher=Bank of Ghana |access-date=2 September 2020 |author=Bank of Ghana |location=Accra}}
Location
The headquarters and main branch of the bank are located at Starlets 91 Road, Accra, Ghana. The geographical coordinates of the banks headquarters are:05°33'09.0"N, 0°11'24.0"W (Latitude:5.552500; Longitude:-0.190000).{{google maps| url=https://www.google.com/maps/place/5%C2%B033'09.0%22N+0%C2%B011'24.0%22W/@5.5525,-0.19,195m/data=!3m2!1e3!4b1!4m5!3m4!1s0x0:0x0!8m2!3d5.5525!4d-0.19 |title=Location of the headquarters of Access Bank Ghana |access-date=2 September 2020}}
Overview
The bank offers universal banking services to institutional, corporate, commercial, and retail customers, across Ghana. As of December 2023, Access Bank Ghana had total assets of GHS:12.3 billion (US$812 million), with shareholders' equity of GHS:1.613 billion (US$106.5 million).{{cite web| url=https://www.zawya.com/en/world/africa/access-bank-ghana-posts-impressive-growth-in-income-assets-rz6eo9xm |title=Access Bank Ghana posts impressive growth in income, assets |work=Zawya.com |
author=Chima Nwokoji |date=24 June 2024 |access-date=25 June 2024
|location=Dubai, United Arab Emirates |format=Zawya Quoting Nigerian Tribune}} The stock of the company is listed on the Ghana Stock Exchange, where it trades under the symbol: ACCESS.{{cite web|title=Profile of Access Bank Ghana Plc | url=https://www.reuters.com/companies/ACCESS.GH |date=26 April 2020 |publisher=Reuters.com |access-date=2 September 2020 | work=Reuters}}
- Note: US$1.00 = GHS15.15 on 25 June 2023 at: https://www.oanda.com/currency-converter/en/?
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.{{cite web|
url=https://www.theeastafrican.co.ke/tea/business/nigeria-s-biggest-lender-enters-ea-market-to-grow-african-footprint-1430408 |title=Nigeria's biggest lender enters EA market to grow African footprint |newspaper=The EastAfrican |date=3 November 2019 | author=James Anyanzwa |access-date=2 September 2020 | place=Nairobi}}{{cite web|date=3 June 2020 | url=http://venturesafrica.com/blog/2020/06/03/access-bank-becomes-major-shareholder-in-its-rwanda-subsidiary/ |title=Access Bank Becomes Major Shareholder In Its Rwanda Subsidiary |
publisher=Ventures Africa |access-date=2 September 2020 | author=Faith Ikade |place=Lagos}} 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).{{cite web|newspaper=This Day Live |title=Access Bank: Delivering Shareholders' Value | url=https://www.thisdaylive.com/index.php/2020/05/13/access-bank-delivering-shareholders-value/ | date=13 May 2020 |author=Goddy Egene |access-date=2 September 2020 |location=Lagos}}
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.{{cite web| url=https://www.reuters.com/article/nigeria-access-bank/nigerias-access-bank-eschews-ma-in-ghana-growth-strategy-idUSL8N1N667N | title=Nigeria's Access Bank eschews M&A in Ghana growth strategy |publisher=Reuters.com |date=31 October 2017 |author=Chijioke Ohuocha |access-date=2 September 2020}}
| class="wikitable sortable" style="margin: 0.5em auto"
|+ Access Bank Ghana Plc stock ownership ! Rank !! Name of owner !! Percentage ownership | ||
| 1 | Access Bank Group | {{center|91.0}} |
| 2 | Other investors via Ghana Stock Exchange | {{center|9.0}} |
| Total | {{center|100.00}} |
History
Access Bank Ghana became operational in 2009, with base capital of GH¢80 million.{{cite web|date=2009 | url=http://www.gipcghana.com/press-and-media/158-access-bank-to-begin-operations-in-ghana.html |title=Access Bank to begin operations in Ghana |publisher=Gipcghana.com Quoting Ghana News Agency |author=Ghana News Agency |access-date=2 September 2020 | location=Accra}} 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.
In September 2022, Access Bank Ghana became the title sponsor of the Ghana Division One League (renaming the league as the Access Bank Division One League) as well as the official banking partner of the Ghana Football Association in a USD250,000 one-year deal.{{Cite web |date=2022-09-14 |title=Access Bank named Division One League sponsor in $250k deal |url=https://www.businessghana.com/site/news/sports/270563/Access-Bank-named-Division-One-League-sponsor-in-250k-deal |access-date= |website=BusinessGhana}} In November 2023, the title sponsorship was extended for three more seasons in a USD270,000 per season deal.{{Cite web |last= |first= |date=2023-12-17 |title=GFA and Access Bank extend sponsorship for three more seasons |url=https://www.ghanafa.org/gfa-and-access-bank-extend-sponsorship-for-3-more-seasons |access-date=2023-12-18 |website=Ghana FA |language=en}}
See also
{{Portal|Banks}}
References
{{reflist}}
External links
- [https://www.ghana.accessbankplc.com/ Official website]
{{Authority control}}
{{Economy of Ghana}}
{{coord|05|33|09|N|00|11|24|W|display=title}}
Category:Companies based in Accra
Category:Banks established in 2009
Category:Ghanaian companies established in 2009