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Bank of Africa Ghana Limited

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Bank of Africa Ghana Limited
Company typePrivate
IndustryFinancial services
Founded1997 (1997)
HeadquartersAccra, Ghana
Number of locations
23 branches
Key people
Abderrahmane Belbachir, managing director
Fatoumata Gakou, Deputy managing director[1]
ProductsLoans, transaction accounts, savings, investments, debit cards
RevenueDecreaseAftertax:US$9,420,161.62 (GHS:111,911,520 (2023)[2]
Total assetsIncrease US$ 274,053,442.42 (GHS 3,225,754,896 (2023)
ParentBank of Africa Group
Websitewww.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, 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

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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

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

Bank of Africa (Ghana) Stock Ownership
Rank Name of Owner Percentage Ownership
1 Bank of Africa Group 60.00
2 Meeky Enterprises of Nigeria
3 Others
Total 100.00

Branch network

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In 2024, the bank had 25 branches at the following locations:[7]

  1. Amakom Business Office – 323 24 February Road, Amakom, Kumasi
  2. Adum Business Office – 10 Mission Road, Adum, Kumasi
  3. Maamobi Business Office – 165 Nima Highway, Accra
  4. New Town Business Office – B Plaza, Hill Street at New Town-Pigfarm Road, New Town
  5. Accra Central Business Office – Ollivant Arcade, Former UTC Building Accra Central
  6. Business Centre Office – Ground Floor, The Octagon, Ridge, Accra
  7. Michel Camp Road Business Office – Aseidua Plaza, Tulaku, Tema
  8. Spintex Business Office – Adjacent Glory Oil Filling station, Batsona-Spintex Road, Tema
  9. Tamale Business Office – 8 Daboya Street, Old Market, Tamale
  10. Osu Business Office – No. F88/1, Cantonments Road(Oxford Street), Osu
  11. Takoradi Business Office – 10 Market Circle, Takoradi
  12. Kwashieman Business Office – No. 248, Motorway Ext., Kwashieman(Hong Kong), Accra
  13. East Legon Business Office – 38B Lagos Avenue, East Legon, Accra
  14. Dansoman Business Office – No.C300 Dansoman Estates, Sahara Dansoman, Accra
  15. Madina Business Office – H/N B90, Near Hollywood-Madina Zongo Junction,Madina
  16. Abossey Okai Business Office – Mortuary Road, Abossey Okai, Accra
  17. Tema Business Office – Ground Floor, Heights of Greener pastures Plaza,Comm 1 Tema, Tema
  18. Kejetia Business Office– Former S.A.T Building Kumasi, Kumasi
  19. Wa Business Office- Block “B” Dobile Residential Area, IEPER Street Wa
  20. Bolgatanga Business Office- Plot No. 394, Central Residential Area
  21. Suame Business Office- Plot No. 2 Block T, S.K. Bonsu Storey Building, Tarkwa-Maakro Kumasi
  22. Teshie Nungua Business Office- Parcel No 129, Block 6, Section 73, Nungua, Adjacent Kpeshie Divisional Police
  23. Opera Square Business Office- No. D1, Opera Cinema Building Pagan Rd, Accra
  24. Octagon Business Office- Ground Floor, The Octagon, Independence Avenue Accra
  25. Airport Business Office- Plot No. 19, Holiday Inn Hotel Airport City, Accra
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See also

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References

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  1. ^ "Key People At BOA-Ghana". Archived from the original on 25 January 2013. Retrieved 24 May 2012.
  2. ^ December 2011 Financial Data
  3. ^ List of Licensed Commercial Banks In Ghana Archived 25 September 2014 at the Wayback Machine
  4. ^ "Guitarra e Teclado em Ghanaian Chronicle | redação, perda de barriga, música com guitarra e teclado importados nas crônicas de Gana". ghanaian-chronicle.com (in Brazilian Portuguese). Archived from the original on 13 July 2012. Retrieved 17 August 2017.
  5. ^ "About Bank of Africa Group". Archived from the original on 30 January 2014. Retrieved 24 May 2012.
  6. ^ AmalBank Acquired By Bank of Africa Group Archived 5 April 2012 at the Wayback Machine
  7. ^ "Branches of Bank of Africa (Ghana)". Archived from the original on 25 January 2013. Retrieved 24 May 2012.
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