Bank Lending Rate in Ghana decreased to 34.50 percent in May from 35.50 percent in April of 2018. The bank has also granted a two … Emmanuel Odartey Lamptey has been appointed as the new Deputy Managing Director (DMD) – Operations of GCB Bank by the board. At its 18–20 November meeting, the Monetary Policy Committee of the Bank of Ghana opted to leave the policy rate unchanged at 14.50%, marking the fourth consecutive hold. Ghana - Interest Rate Central Bank decides fourth consecutive hold in November. A Savings Account can be opened by any individual, entrepreneur, society, club, trader, business or corporation. It has over 260 branches in the country. Reports indicated that GN Bank offers a 19.5 percent interest rate on deposits. Interest rates and annual percentage yields may change according to bank discretion. According to the managing GCB to maintain lending rates - Citi 97.3 FM - Relevant Radio. GCB Bank has reduced interest rates on personal loans from 26 per cent to 24 per cent per annum with immediate effect. Build your balance with a rewarding and easy to access GCB Savings Account. Occupying the 16th position is Fidelity Bank and Royal Bank with an interest at 9.6 percent. The bank has also granted a two … What Is the Interest Rate of GCB? The measures form part of extensive efforts by the bank to lessen the impacts of the new […] The bank has also granted a two-month moratorium on both the principal and interest repayment on personal loans. The Liberty House branch of GCB Bank has resumed full-scale banking business operations since Thursday, December 10. In consideration of the Bank agreeing to grant me a Personal Loan, I hereby authgorise you to pay my net monthly salary while in the service of your establishment in to Account Number ..... with GCB Bank … ADB 2 Year Fixed Deposit. GN Bank; GN Bank is an indigenous private bank in Ghana. GCB Bank came in at the 14th position with its interest rate at 10.0 percent. Commercial Bank, the only Sri Lankan Bank among the top 1000 Banks worldwide is known as the benchmark private sector bank in Sri Lanka. 0 ** Disclaimer: This is not a solicitation to buy securities in Ghana, but a calculation of potentential gains at selected rates of return. Your APR and rate may be different than shown above. All rates and annual percentage yields (APY) are accurate as of January 4, 2020. Agent Services 02 Serve more than just regular customers. Interest compounded quarterly and credited quarterly. We have detected that you are using an outdated browser. According to Mr Dornoo, there will be no need to increase the bank’s base rate. GCB Bank has reduced interest rates on personal loans from 26 per cent to 24 per cent per annum with immediate effect. If you want to save for yourself or your family’s future, open a GCB Savings Account. GCB Bank has reduced interest rates on personal loans from 26 per cent to 24 per cent per annum with immediate effect. What's in it for You 24/7 banking service via our various e-channels Please note that these rates are subject to change at any time after your account is opened. With a base rate of 22.75% down from 26.0% GCB is strengthening its market leadership in the country banking industry where some banks have their base rates as high as 27% and 29%. If you need to place a deposit for a short period of time at a higher interest rate, Call Deposits are the best option for you. The measures form part of extensive efforts by the bank to lessen the impact of the new coronavirus (COVID-19) pandemic on its 0 182 Day Bill. While Access Bank occupies the 15th position with their interest rate at 9.8 percent. Zenith Bank of Ghana offers an interest rate of 12.0 per cent on the fixed deposit. GCB boasts of having the largest network as compared to all the banks in Ghana due to its wide range of branches and ATMs. CORPORATE PROFILE GCB Bank Ltd. started in 1953 as the Bank of the Gold Coast to provide banking services to the emerging nation for socio-economic development. It was incorporated in May 2007 with a mandate to implement and manage interoperable payment system infrastructures for banks and non bank financial institutions in Ghana. The interest rate of the bank stands at 30.50%; The Ghana Commercial Bank – this is the largest of the indigenous banks in Ghana. 0 3 Years. GCB Bank has reduced interest rates on personal loans from 26 per cent to 24 per cent per annum with immediate effect. 3 The applicable Retail Monthly Effective Interest Rate is 2.00% based on a Php 20,000 availment, on the assumption that the Cardholder pays the Minimum Amount Due one (1) day after the Statement Date. Premium Interest Checking Rates; Checking Plan Annual Percentage Yield* Interest Rate Minimum to Open Daily Balance; Premium Interest Checking: 0.01%: 0.01%: $50: less than $2,500: Premium Interest Checking: 0.02%: 0.02%: $50: $2,500 or more The RBA has cut the official interest on Tuesday from 0.25% to 0.1%, as widely expected. The interest rate indicated is for a deposit balance above 500,000.00 to 999,999.99 for this 2 year/24month term. GCB Limited has hinted to Citi Business News that it will not increase its lending rates. Access Bank; Access Bank Ghana Limited is a commercial bank licensed by the Ghanaian Central Bank; the Bank … The management of GCB bank has revealed that, in spite of the 100 basis points increase in the policy rate of the Central Bank, GCB will not increase its lending rates. Personal Money Market. The bank has also granted a two-month moratorium on both the principal and interest repayment on personal loans. 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