Overview & History

Guaranty Trust Bank (Ghana) Ltd is a subsidiary of Guaranty Trust Holding Company Plc (GTCO Group), headquartered in Nigeria. It was registered in Ghana in October 2004 and obtained its universal banking license from the Bank of Ghana in February 2006. This license allows it to provide a full range of commercial and investment banking services. The majority shareholding is held by the Nigerian parent company, with the remainder owned by local stakeholders.

Governance & Leadership

The bank operates under a Board of Directors, with a Chairman and Managing Director overseeing governance and strategy. The leadership team includes executive and non-executive directors with experience across banking, finance, and corporate governance. The company secretary supports compliance and board functions. Its head office is located on Castle Road in Ridge, Accra.

Financials & Ratings

GTBank Ghana publishes annual financial statements audited in line with regulatory requirements. It maintains correspondent banking relationships with global institutions and has a credit rating assigned by international agencies such as Fitch Ratings, reflecting its financial standing and risk profile. The bank has historically been profitable, with steady growth in assets, deposits, and loans, though subject to macroeconomic conditions in Ghana.

Products & Services
Retail Banking

Current, savings, and fixed deposit accounts

Domiciliary (foreign currency) accounts

Debit cards and student account products

Corporate & Institutional Banking

Corporate current accounts and advisory services

Treasury services, including participation in government securities

Infrastructure and project financing facilities

Remittances & International Transfers

Proprietary international money transfer service (GTMT)

Partnerships with global remittance providers such as Western Union and Ria

Digital Banking

GTWorld mobile banking app for transfers, bill payments, and account management

Internet banking platform with third-party transfer and utility payment features

USSD banking (*737#) for quick mobile transactions

Strategic Initiatives

The bank actively participates in financing infrastructure projects in Ghana, such as ports, roads, and telecommunications. It also benefits from the wider GTCO Group’s transition into a holding company structure, which enables diversification into areas beyond traditional banking, including asset management, payments, and pensions.

Strengths & Challenges

Strengths

Backing of a strong pan-African financial group

Broad range of retail, corporate, and digital services

Strong correspondent banking network

Innovation in digital banking channels

Challenges

Operating within Ghana’s competitive banking sector

Exposure to local macroeconomic risks, including currency volatility and inflation

Balancing long-term infrastructure financing with credit risk management