The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Awards for Excellence 2006: Best Bank in Ghana: Barclays Bank

Botswana I Ethopia I The Gambia I Ghana I Kenya I Malawi I Mauritius I Namibia I Nigeria I Senegal I South Africa I Swaziland I Tanzania I Togo I Uganda I Zambia I Zimbabwe

Ghana has roughly twice the per capita output of the poorer countries in West Africa and enjoyed a 4.3% growth in GDP in 2005. But much of that growth was driven by the boom in gold prices and the agricultural economy remains weak. The country is heavily dependent on international financial and technical assistance.

Barclays Bank is rapidly catching up with the largest bank in the country, Ghana Commercial Bank, in terms of scale – its assets grew 9.4% in 2005 and profits grew 11.2%. But what marks Barclays Bank out is the degree to which it outclasses Ghana Commercial Bank and other rivals in its product offerings, with 90% of its retail base having ATM cards. The bank is generally regarded as the most technologically advanced in the country and has close relationships with leading corporates. It is also the market leader in custody for Ghana, with about two-thirds of the market. Having operated in a fairly narrow range of markets until recently, Barclays Bank is now making the most of its universal bank licence and can be expected to increase its corporate finance activity in the coming years.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree