At a time when the financial sector is recuperating from a potential crisis, a recent report has ranked three 3 Ghanaian owned banks as most credible.

According to the latest ranking, Fidelity Bank, Ghana Commercial Bank, and GHL Bank, which all are Ghanaian owned banks all made the first twenty most credible banks in Ghana.

The ranking was done by a team of technical analysts at Konfidants, a management consulting company based in Accra, Johannesburg and Geneva and was based on an assessment of their credibility using Credmap technology- www.credmap.com.

Explaining the details of the credibility ranking, a statement announcing the launch of the report said the ranking is “A novel “credibility-rating” engine that is capable of combining crowdrating and data mining to generate “credibility scores” of individuals and institutions using pooled data about their track record, history, commentary, biography, popular sentiment and reputation. Credmap’s algorithms mash the data together to distill the complex information into compact rankings, scores and benchmarks.”

Key amongst the index used was the quality of bank boards and senior management personnel.

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Managing Partner at Konfidants, Michael Kottoh, said the assessment was done from between 2017 and early 2018, adding the figures and details of the report are current

Amongst the 20 universal commercial banks ranked in Ghana, Fidelity Bank and GCB Bank occupied the eighth and tenth positions respectively whereas GHL Bank was ranked nineteenth.

Fidelity Bank

Fidelity Bank is a commercial bank in Ghana which was issued with its Universal Banking License on June 28, 2006, making it the 22nd bank to be licensed by the Bank of Ghana. It is one of the twenty-seven licensed commercial banks in the country.

GCB Bank

Having celebrated our 60th anniversary in 2013 and having launched a new image for our Bank in 2014 to help drive us forward for the next 60 years, we can say with total conviction and confidence that we are excited about our future. We have consistently grown and demonstrated our commitment to Ghana over the last six decades and we will continue to do so in the achievements we make and in the positive diff­erence we bring to people’s lives.

GHL Bank

Ghana Home Loans was incorporated as a mortgage finance institution in 2006. We obtained our banking license in June 2017 under the name GHL Bank Ltd.

In addition to the provision of mortgage loan products and services, we offer retail and corporate banking products and services to meet the needs of Ghanaians and companies.