Access Bank Ghana Plc

Last updated

Access Bank Ghana Plc
Type Public
GA: ACCESS
Industry Financial services
Founded2009;14 years ago (2009)
Headquarters
Osu, Accra
,
Ghana
Key people
Frank W. Beecham
Chairman
Olumide Olatunji
Managing Director and CEO [1]
Pearl Nkrumah
Executive Director [2]
Products Loans, Transaction accounts, Savings, Investments, Debit cards,
RevenueIncrease2.svg:Pretax: GHS:878.1 million (US$129.8 million) (2020) [3]
Total assets GHS:5.824 billion (US$861 million) (2020)
Parent Access Bank Group
Website 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. [4]

Contents

Location

The headquarters and main branch of the bank are located at Starlets 91 Road, Accra, Ghana. [1] [4] The geographical coordinates of the banks headquarters are:05°33'09.0"N, 0°11'24.0"W (Latitude:5.552500; Longitude:-0.190000). [5]  

Overview

The bank offers universal banking services to institutional, corporate, commercial, and retail customers, across Ghana. As of December 2020, Access Bank Ghana had total assets of GHS:5.824 billion (US$861 million), with shareholders' equity of GHS:1.052 billion (US$155.5 million). [3] The stock of the company is listed on the  Ghana Stock Exchange, where it trades under the symbol: ACCESS. [6]

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. [7] [8] 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). [9]

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. [10]

Access Bank Ghana Plc Stock Ownership
RankName of OwnerPercentage Ownership
1 Access Bank Group
91.0
2Other Investors via Ghana Stock Exchange
9.0
Total
100.00

History

Access Bank Ghana became operational in 2009, with base capital of GHS:80 million. [11] 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. [10]

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. [12] In November 2023, the title sponsorship was extended for three more seasons in a USD270,000 per season deal. [13]

See also

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References

  1. 1 2 Ghana Stock Exchange (2 September 2020). "Listed Companies: Access Bank Ghana". Accra: Ghana Stock Exchange . Retrieved 2 September 2020.
  2. ↑ Access Bank Ghana (February 2022). "Access Bank Ghana Plc: Board And Management Team: Pearl Nkrumah". Access Bank Ghana Plc. Accra, Ghana. Retrieved 27 February 2022.
  3. 1 2 Access Bank Ghana (31 March 2021). "Financial Statements and Annual Report for the Year Ended 31 December 2020" (PDF). Access Bank Ghana Plc. Accra, Ghana. Retrieved 27 February 2022.
  4. 1 2 Bank of Ghana (2 September 2020). "Registered Banks In Ghana". Accra: Bank of Ghana . Retrieved 2 September 2020.
  5. ↑ Google (2 September 2020). "Location of the headquarters of Access Bank Ghana" (Map). Google Maps . Google. Retrieved 2 September 2020.
  6. ↑ "Profile of Access Bank Ghana Plc". Reuters. Reuters.com. 26 April 2020. Retrieved 2 September 2020.
  7. ↑ James Anyanzwa (3 November 2019). "Nigeria's biggest lender enters EA market to grow African footprint". The EastAfrican . Nairobi. Retrieved 2 September 2020.
  8. ↑ Faith Ikade (3 June 2020). "Access Bank Becomes Major Shareholder In Its Rwanda Subsidiary". Lagos: Ventures Africa. Retrieved 2 September 2020.
  9. ↑ Goddy Egene (13 May 2020). "Access Bank: Delivering Shareholders' Value". This Day Live . Lagos. Retrieved 2 September 2020.
  10. 1 2 Chijioke Ohuocha (31 October 2017). "Nigeria's Access Bank eschews M&A in Ghana growth strategy". Reuters.com . Retrieved 2 September 2020.
  11. ↑ Ghana News Agency (2009). "Access Bank to begin operations in Ghana". Accra: Gipcghana.com Quoting Ghana News Agency . Retrieved 2 September 2020.
  12. ↑ "Access Bank named Division One League sponsor in $250k deal". BusinessGhana. 14 September 2022.
  13. ↑ "GFA and Access Bank extend sponsorship for three more seasons". Ghana FA. 17 December 2023. Retrieved 18 December 2023.

05°33′09″N00°11′24″W / 5.55250°N 0.19000°W / 5.55250; -0.19000

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