Most people have been on this stretch before, including me. I used to wonder what is the meaning of GCB. Well, in this guide, I will answer your question about what does GCB means.
Without any joke, it will be surprising and hilarious to find out that Ghanaians do not know what GCB stands for when you hit the street with that question.
By the end of this guide, you will be able to embrace what GCB means.
Table of Contents
What Does GCB Mean
GCB is an abbreviated form for Ghana Commercial Bank. So next time when you hear GCB, don’t think you are lost. It is Ghana Commercial Bank.
Is Ghana Commercial Bank An International Bank
Ghana Commercial Bank is the only home-based company in Ghana to ranked any of the top 250 companies on the continent of Africa.
Ghana Commercial Bank is recognized as an international bank within the circle global financial institution alongside several other banks in Ghana.
This international recognition means the Ghana Commercial Bank has met the global standard for operations.
Is GCB The Same As Bank Of Ghana
No, Ghana Commercial Bank is not the same as the Bank of Ghana.
The Ghana Commercial Bank, as the name implies, is a commercial bank. This means it carries out all operations a bank offers for its customers, from giving loans to savings and others.
The Bank of Ghana is the central bank of Ghana. It regulates and supervises all the operations of other banks in Ghana, including Ghana Commercial Bank.
What Is The New Name Of Ghana Commercial Bank
Ghana Commercial Bank started in the year 1953 as Bank of Gold Coast.
After independence, its name was changed from Bank of Gold Coast to Ghana Commercial Bank. It has seen another change of name from Ghana Commercial Bank to Ghana Commercial Bank Limited (GCB Limited).
This change of name has not changed the operations they execute. They execute the same functions as before and even with improved strategies to run and sustain the bank.
Who Owns Ghana Commercial Bank(GCB)
Since its establishment, the Ghana Commercial Bank was entirely under the jurisdiction of the state.
Because of the economic recovery program, which commenced in 1966, the ownership right was split among the state, individuals, and organizations.
As of now, the majority of the ownership right of the Ghana Commercial Bank is with individuals and organizations. They have an ownership right of about 77%.