In Ghana’s Securities Industry Act, 2016 (Act 929), a custodian is used to refer person to whom the assets of the private fund are entrusted for safekeeping. According to investopedia, a custodian bank is a financial institution that holds customers’ securities for safekeeping to prevent them from being stolen or lost.
What Services Do Custodians Offer?
Most custodians offer related services such as;
- Account administration
- Transaction settlements
- Collection of dividends and interest payments
- Tax support
- Foreign exchange management.
They may also have the right to assert possession of the assets if required, often in conjunction with a power of attorney. This allows the custodian to perform actions in the client’s name, such as making payments or altering investments.
Full List of Custodian Banks in Ghana – 2021
Except for Ghana’s top banks also serve as custodian banks. The following is a comprehensive list of all licensed custodian banks in Ghana by the Bank of Ghana, their contact phone numbers, and office location addresses.
|Access Bank (Ghana) Limited||Starlets ’91 Road, Opp. Accra Sports Stadium||030 707 9280|
|Agricultural Development Bank Limited||Accra Financial Centre, 3rd Ambassadorial Development Area||0302 770403, 781762, 779473, 768590|
|CAL Bank Limited||23 Independence Avenue, Ridge||0302 680063 / 0302 680064 0|
|Consolidated Bank Ghana||South Liberation Link, Manet Tower 3, Airport||0302216000 / 0800110055|
|Ecobank Ghana Limited||19th Seventh Avenue, Ridge West||030 221 3999|
|Fidelity Bank Limited||Ridge Towers, Ridge||1-800-998-9608|
|First Atlantic Bank Ltd||Atlantic Place # 1 Seventh Avenue, Ridge-West||0302 680825 0302 680826|
|First National Bank Ghana Limited|
6th Floor Accra Financial Centre, Corner of Liberia Road and Independence Avenue
|050 163 2441|
|GCB Bank Limited||Thorpe Link, Accra||020 242 2422|
|Guaranty Trust Bank Ghana Limited||25A Ambassadorial Enclave, Ridge||030 261 1560|
|National Investment Bank Limited||37 Kwame Nkrumah Avenue||030 266 1703|
|Prudential Bank Limited||8 John Harmond Street, Ring Road Central, Accra||030 278 1201|
|Republic Bank (Ghana)||# 48B, Sixth Avenue, North Ridge. Accra||233 (0)302 664372|
|Soceite Generale Ghana Limited||2nd Crescent, Royal Castle Road, Ring Road Central, Kokomlemle||(0)302-214 314|
|Stanbic Bank Ghana Limited||Valco Trust House, Castle Road Cantonments||030 2815 7890|
|Standard Chartered Bank Ghana Ltd.||High Street|
|Universal Merchant Bank Ghana Limited||Merban House, 44 Kwame Nkrumah Avenue||0302 220 952 / 0302 226 112|
|Zenith Bank (Ghana) Limited||Premier Towers, Liberia Road||(+233) 302 429700 / (+233) 302 611500|