Bank of Ghana releases list of expensive banks to run current account with

The pan African bank charges its customers 10 cedis to run their current accounts.
That figure is the highest starting figure in the banking industry.
Societe General and Stanbic bank follow and take the second spot.
Their customers are made to pay, in the case of Societe General 7 cedis per month as current account service charge.While Stanbic bank’s customers are charged at least 7 and at most 35 cedis in order to have their current account in operation.

The next spot, the number three spot, is occupied by three banks.

They are Prudential bank, indigenous bank Fidelity bank and First Bank of Nigeria (FBN)

Prudential bank charges at least 5 cedis and at most 100 Ghana cedis for a current account service charge while Fidelity bank charges between 5 and 40 Ghana cedis.

First Bank of Nigeria also charges 5 cedis.

At the fourth spot is Sahel Sahara bank which charges as low as 2 Ghana cedis to run a current account.

Despite being the lowest charge among its competitors mentioned so far this figure is not the best.

Because the rest of the banks according to figures from the Bank of Ghana do not charge you at all for current account services on individual accounts.

They are Barclays bank, Stanchart bank, United Bank of Africa (UBA), Zenith bank, GT bank, Bank of Baroda, Access bank, Bank of Africa (BOA), Energy bank, GCB, Agricultural Development Bank (ADB), National Investment Bank (NIB), Universal Merchant Bank (UMB), Cal bank, First Atlantic Bank, UT Bank, HFC Bank, Royal Bank and First Capital bank.

By: Vivian Kai Mensah