Private company

GCB Bank

Bank in Ghana

GCB Bank Limited formally known as Ghana Commercial Bank is the largest bank in Ghana in terms of total operating assets and share of industry deposits, with 14.2% of total industry deposits. In August 2017, the Bank of Ghana, the nation's central bank, announced that it had approved a Purchase and Assumption transaction with GCB Bank Limited for the transfer of all deposits and selected assets of UT Bank and Capital Bank (Ghana) to GCB Bank Ltd.2 It is headquartered in Accra.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1953Founded1
  • Industryeconomics of banking, financial sector, financial services1
  • HeadquartersAccra1
  • Websitewww.gcbbank.com.gh
  • Legal formjoint-stock company1
  • LEI213800JZWXRK3OU8H2253
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressGCB HEAD OFFICE BUILDING, Accra, Ghana3
  • Registered withRegistrar General's Department, PL0002020153
GCBBANK
Photo: Satsiatorme, CC BY-SA 4.0, via Wikimedia Commons5

GCB Bank Limited formally known as Ghana Commercial Bank is the largest bank in Ghana in terms of total operating assets and share of industry deposits, with 14.2% of total industry deposits. In August 2017, the Bank of Ghana, the nation's central bank, announced that it had approved a Purchase and Assumption transaction with GCB Bank Limited for the transfer of all deposits and selected assets of UT Bank and Capital Bank (Ghana) to GCB Bank Ltd.2

The story

The bank was founded on May 20, 1953, with 27 employees, as the Bank of the Gold Coast. Initially, it focused on serving Ghanaian traders, farmers, and business people, who could not obtain financing from the expatriate banks. In 1957, when Ghana attained Independence, the bank re-branded to Ghana Commercial Bank, to concentrate on commercial banking, since Bank of Ghana had been created to function as the central bank and banking regulator.

In the beginning, the bank was wholly owned by the Government of Ghana. However, in 1996, when government shareholding stood at 51.17%, the stock of the bank was listed on the Ghana Stock Exchange. In 2013, the bank renamed itself GCB Bank Ltd, with a new brand identity which was launched at the end of 2014. Today, GCB Bank Ltd serves the banking needs of large corporations, parastatal companies, small and medium enterprises as well as individuals. As of December 2016, the bank employs 1,532 staff, in branches distributed in all 10 regions of the Republic of Ghana.

GCB Capital Limited has launched the Golden Eagle Unit Trust, a collective investment scheme designed to provide accessible investment opportunities to both individual and institutional investors in Ghana. With a minimum investment of GHS 100, the trust offers a diversified portfolio of local and international assets, including government securities, corporate bonds, equities, and real estate investment trusts (REITs). The fund will be valued daily, ensuring regular performance updates and easy entry or exit for investors. The launch aims to expand investment access and transparency for a broader range of investors.

From Wikipedia’s article on GCB Bank, shared under CC BY-SA 4.0.4

Products and brands

  • loan

Listed on Wikidata.1

Timeline

  1. 1953Founded Founded1

Sources

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