Total assets US$276 million (2015) Type of business Private | Website Homepage Founded 1997 | |
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Industry Financial servicesproducts = Loans, cheques, savings, investments, debit cards Key people Kobby Andahmanaging directorRonald MarambiiDeputy managing director Revenue Aftertax:US$7.2 million (GHS:13.5 million (2011) | ||
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.
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Overview
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). 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.
History
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)
Ownership
The stock of Bank of Africa (Ghana) is owned by the following coorporate entities and individuals.
Branch network
in 2015, the bank had 23 branches at the following locations:
- Farrar Avenue Branch – C131/3 Farrar Avenue, Adabraka, Accra
- Amakom Business Office – 323 24 February Road, Amakom, Kumasi
- Adum Business Office – 10 Mission Road, Adum, Kumasi
- Maamobi Business Office – Hertz House, Nima Highway, Accra
- New Town Business Office – B Plaza, Hill Street at New Town-Pigfarm Road, New Town
- Accra Central Business Office – Ollivant Arcade, Accra Central
- Ridge Business Office – C875 A/3 Kanda Highway Extension, Ridge, Accra
- Michel Camp Road Business Office – Aseidua Plaza, Tulaku, Tema
- Spintex Business Office – Batsona-Spintex Road, Tema
- Tamale Business Office – 8 Daboya Street, Old Market, Tamale
- Osu Business Office – Cantonments Road, Cantonments, Osu
- Takoradi Business Office – 10 Market Circle, Takoradi
- Kwashieman Business Office – 248 Motorway Extension, Kwashieman, Accra
- East Legon Business Office – 38B Lagos Avenue, East Legon, Accra
- Dansoman Business Office – 300 Dansoman Estates, Dansoman, Accra
- Madina Business Office – Hollywood Road at Madina Zongo, Madina
- Abossey Okai Business Office – Mortuary Road, Abossey Okai, Accra
- Tema Business Office – Tema Town Centre, Tema
- Sokoban Agency – Office Space# 1, Sokoban Wood Village, Kumasi