Bank of Africa Ghana Limited

Bank of Africa Ghana Limited

Type	Private
Industry	Financial services
Founded	1997 (1997)
Headquarters	Accra, Ghana
Number of locations	23 branches
Key people	Kobby Andah, managing director Ronald Marambii, Deputy managing director[1]
Products	Loans, transaction accounts, savings, investments, debit cards
Revenue	Aftertax:US$7.2 million (GHS:13.5 million (2011)[2]
Total assets	US$276 million (2015)
Parent	Bank of Africa Group
Website	www.boaghana.com

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

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

The stock of Bank of Africa (Ghana) is owned by the following corporate entities and individuals.

Branch network

In 2015, the bank had 23 branches at the following locations:^[7]

1. Farrar Avenue Branch – C131/3 Farrar Avenue, Adabraka, Accra
2. Amakom Business Office – 323 24 February Road, Amakom, Kumasi
3. Adum Business Office – 10 Mission Road, Adum, Kumasi
4. Maamobi Business Office – Hertz House, Nima Highway, Accra
5. New Town Business Office – B Plaza, Hill Street at New Town-Pigfarm Road, New Town
6. Accra Central Business Office – Ollivant Arcade, Accra Central
7. Ridge Business Office – C875 A/3 Kanda Highway Extension, Ridge, Accra
8. Michel Camp Road Business Office – Aseidua Plaza, Tulaku, Tema
9. Spintex Business Office – Batsona-Spintex Road, Tema
10. Tamale Business Office – 8 Daboya Street, Old Market, Tamale
11. Osu Business Office – Cantonments Road, Cantonments, Osu
12. Takoradi Business Office – 10 Market Circle, Takoradi
13. Kwashieman Business Office – 248 Motorway Extension, Kwashieman, Accra
14. East Legon Business Office – 38B Lagos Avenue, East Legon, Accra
15. Dansoman Business Office – 300 Dansoman Estates, Dansoman, Accra
16. Madina Business Office – Hollywood Road at Madina Zongo, Madina
17. Abossey Okai Business Office – Mortuary Road, Abossey Okai, Accra
18. Tema Business Office – Tema Town Centre, Tema
19. Sokoban Agency – Office Space# 1, Sokoban Wood Village, Kumasi

External links

• Bank of Africa Ghana Limited Homepage
• Bank of Africa Group Acquires 60% Ownership In AmalBank

See also

• 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

This page was last edited on 29 May 2023, at 15:02