By | January 18, 2023
How To Open Ecobank Bank Account In Ghana

About Ecobank Bank In Ghana

Ecobank Ghana PLC (Ecobank) was incorporated on January 9, 1989, as a private limited liability company under the Companies Code to engage in the business of banking. Ecobank was initially licensed, to operate as a merchant bank, by the Bank of Ghana on November 10, 1989, and commenced business on February 19, 1990.

In Ghana, Ecobank has grown consistently over the years to become one of the well-recognized corporate brands in the banking industry. Ecobank acquired a universal banking license in 2003 and was listed on the Ghana Stock Exchange (GSE) in July 2006.

The Bank has embarked on a strategic shift from a predominantly Wholesale Bank to a Universal Bank with 67 branches, numerous point-of-sale terminals, many merchant QR codes in shops, with over 242 ATMs well sited across the country.

The bank posted sterling financial performance at the close of 2021, with total asset size of GHS17.93 billion, shareholders’ funds of GHS2.68 billion, profit before tax of GHS893.73million and profit after tax of GHS581.90 million. This resulted in a return on average equity (ROAE) of 23% and return on average assets (ROAA) of 3.4%.

Types Of Ecobank Account In Ghana

Current Account

  • Classic current account
  • Advantage Current Account
  • Premier Current Account
  • Youth Current Account
  • Diaspora Current

Savings Account

  • Ecobank saving account
  • Student Saving account
  • Advantage Saving Account
  • Premier Saving Account
  • Classic Savings Account

Requirements To Open ECOBANK Account In Ghana

Account opening form duly filled

2 passport-sized pictures, (name & signature on reverse)

A valid national ID  (Ghana Card)& Tin certificate

Residence permit & non-citizen card (where applicable)

Employer introductory letter (where applicable)

Utility bill (not older than six months)

Mandatory initial deposit (Any amount ranging from GHC 20 and above)

Charges Involved In Opening ECOBANK Account In Ghana

At ECOBANK, the bank does not charge her client for opening of bank accounts with them. But after processing of the opening of the bank account is completed, the customer is expected to deposit a minimum balance in the account he/she created. This minimum amount ranges from GHC 20 to GHC 200 depending on the account.

How To Open A Bank Account With ECOBANK In Ghana

Walk into any branch of ECOBANK with document listed above like utility bills, passport photo Ghana Card Id and talk to the customer service that you want to open an account. The customer service personnel will then refer you to the designated bank official to help you open an account of your choice.

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