Access Bank Ghana Plc Explained

Access Bank Ghana Plc
Type:Public
Traded As:GA

ACCESS

Location City:Osu, Accra
Location Country:Ghana
Key People:Ama Bawuah
(Chairperson

}

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.[1]

Location

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

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).[2] The stock of the company is listed on the  Ghana Stock Exchange, where it trades under the symbol: ACCESS.[3]

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.[4] [5] 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).[6]

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.[7]

Access Bank Ghana Plc Stock Ownership! Rank !! Name of Owner !! Percentage Ownership
1
2 Other Investors via Ghana Stock Exchange
Total

History

Access Bank Ghana became operational in 2009, with base capital of GH¢80 million.[8] 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.[7]

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.[9] In November 2023, the title sponsorship was extended for three more seasons in a USD270,000 per season deal.[10]

See also

External links

5.5525°N -0.19°W

Notes and References

  1. Web site: Registered Banks In Ghana . 2 September 2020 . . 2 September 2020 . Bank of Ghana . Accra.
  2. Web site: Access Bank Ghana posts impressive growth in income, assets . Zawya.com . Chima Nwokoji . 24 June 2024 . 25 June 2024. Dubai, United Arab Emirates . Zawya Quoting Nigerian Tribune.
  3. Web site: Profile of Access Bank Ghana Plc . 26 April 2020 . . 2 September 2020 . Reuters.
  4. Web site: Nigeria's biggest lender enters EA market to grow African footprint . . 3 November 2019 . James Anyanzwa . 2 September 2020 . Nairobi.
  5. Web site: 3 June 2020 . Access Bank Becomes Major Shareholder In Its Rwanda Subsidiary . Ventures Africa . 2 September 2020 . Faith Ikade . Lagos.
  6. Web site: . Access Bank: Delivering Shareholders' Value . 13 May 2020 . Goddy Egene . 2 September 2020 . Lagos.
  7. Web site: Nigeria's Access Bank eschews M&A in Ghana growth strategy . . 31 October 2017 . Chijioke Ohuocha . 2 September 2020.
  8. Web site: 2009 . Access Bank to begin operations in Ghana . . Ghana News Agency . 2 September 2020 . Accra.
  9. Web site: 2022-09-14 . Access Bank named Division One League sponsor in $250k deal . BusinessGhana.
  10. Web site: 2023-12-17 . GFA and Access Bank extend sponsorship for three more seasons . 2023-12-18 . Ghana FA . en.