According to the central bank governor, Dr. Ernest Addison, Ghana now has 23 banks, down from 32, after the recapitalization drive.

Nine banks have either collapsed or had their licenses revoked since 2017.

Status of Banks

16 banks have recapitalized.

  • Zenith Bank
  • Ecobank,
  • GCB Bank
  • Stanbic Bank
  • Standard Chartered Bank
  • Barclays Bank
  • Access Bank
  • Consolidated Bank
  • Republic Bank
  • Fidelity Bank
  • UBA
  • Societe Generale
  • GT Bank
  • FBN Bank
  • Cal Bank and
  • Bank of Africa.

Banks that have merged

  • First Atlantic Merchant Bank Limited/Energy Commercial Bank
  • OmniBank Ghana Limited/Bank Sahel Sahara Ghana
  • First National Bank/GHL Bank Limited

Banks to be supported by Government.

  • ADB
  • NIB
  • OmniBank/BSIC
  • Universal Merchant Bank, and
  • Prudential Bank

Voluntary liquidation

Bank of Baroda (customers absorbed seamlessly by Stanbic Bank Ghana Limited)