Bank of Africa Ghana and Contact Details

Here today, we will be discussing in details about the Bank of Africa Ghana, it’s Location, Packs, Saving Account, Loans, Contact Details & Lots more…

About Bank of Africa Ghana

Bank of Africa Ghana Limited, commonly referred to as BOA Ghana, is a commercial bank in Ghana. It is one of the commercial banks licensed by Bank of Ghana, the central bank of Ghana, and the national banking regulator. The bank had 33 branches by 2015.Bank of Africa Ghana,was incorporated in 1997, as Amalgamated Bank Limited. In 2006, Meeky Enterprises of Nigeria, acquired 49% shareholding in AmalBank. At that time, Meeky was also a major shareholder in Oceanic Bank, a Nigerian financial services provider which was later acquired by Ecobank Nigeria. In April 2011, majority shareholding (60%) in AmalBank was acquired by the Bank of Africa Group. AmalBank rebranded to Bank of Africa Ghana.
BOA Ghana is one of the large financial services providers in Ghana. As of December 2011, the total asset valuation of the bank was estimated at US$300 million (GHS:735.5 million). The bank is a member of Bank of Africa Group, a multinational, Pan African bank headquartered in Bamako, Mali, with presence in fourteen African countries, including Benin, Burkina Faso, Burundi, Democratic Republic of the Congo, Djibouti, Ghana, Kenya, Ivory Coast, Madagascar, Mali, Niger, Senegal, Tanzania and Uganda. The group also maintains an office in Paris, France.

Savings Accounts

Bank of Africa Ghana offers several types of savings accounts which are friendly to all its customer here are some of the savings accounts.

Public Service Pack

The Public Service Pack is a bundled products and services offering for public and civil servants which enable them benefit from tariff advantages through a comprehensive set of products and services.

  • Current account
  • Savings account
  • Ambitious Savings Plan
  • No COT
  • Flat monthly fee
  • Free cheque books
  • Free ATM withdrawals at BANK OF AFRICA in Ghana ATMs
  • Overdraft of up to 50% of salary (if application approved)
  • One month automatic net salary loan repayable within 10 months
  • Credit life insurance
  • Means of payment insurance
  • Free SMS alerts
  • Free internet banking
  • Discount on employee loan processing and commitment fees
  • Attractive overdraft and loan interest rates


  • Competitive pricing for services and loans
  • An overdraft facility available during emergencies
  • Automatic loan (one month net salary) with easy repayment terms
  • Flat monthly fee

Operating Rules

  • 1 year contract
  • Automatically renewed every year
  • The customer may terminate the contract at one month notice before renewal date
  • Balance has to be positive on the date of termination


  • Aged minimum 18 years and maximum 59 years at the date of signature of the package
  • Salaried workers of Public Institutions
  • Net monthly salary of minimum GHS 500.00
  • Non blacklisted individuals

Documents to produce:

  • Filled Public Service Pack opening form
  • Proof of Identity (Voters’ ID, Drivers’ License, Passport etc)
  • 1 passport size picture.
  • Proof of address: utility bill, directional map, etc.

My Business Pack

My Business Pack is a bundled products & services offered to small shops & outlets operating within the informal sector. It offers tariff advantages on a range of products and services linked to a current account.

  • Current account
  • Savings account
  • Free COT
  • No monthly fee charged
  • SESAME ATM card : first issuance free, renewal free, replacement charged
  • Free ATM withdrawals at BOA Ghana’s ATMs
  • Free SMS alerts
  • Free E-Banking Services (B-Web, B-Mobile, E-statement, E-alert)
  • Easy access to banking relationship

Operating Rules:

  • Minimum initial deposit of GHS 20.00
  • One year contract automatically renewed every year
  • Customer may terminate contract at one month’s notice.


  • Individuals must be a minimum of 18 years at the time of signing on for the package
  • Individuals must be engaged in a lawful commercial activity.
  • Account can only be opened in the personal name of the individual

Documents to produce:

  • Filled My Business Pack application form
  • 1 passport size photograph
  • Proof of Identity (Voters’ ID, Drivers’ License, etc)
  • Proof of address (Utility bill, directional map, tenancy agreement, etc.)

Savings and Investments

Ambition Savings Plan

The Ambitious Savings Plan is a traditional savings account backed by a current account.It allows customers to accumulate a progressive savings depending on its financial capacity.At the end of a period of 12 months minimum and 12 regular payments via standing order, the customer can benefit from a facility to finance a project (ambition). The loan amount is up to twice the amount accumulated via standing orders.

The Ambitious Savings Plan must always be backed by a current account with a Letter of Undertaking.
Savings, which will be the loan calculation base, must be constituted by 12 standing orders from the current account.
The customer chooses the amount of his standing order according to their project and his income (GHS 25.00 minimum).
Withdrawals are not allowed at all.
Savings Plan cannot be terminated before repayment of loan.
After repayment of loan, the customer can change the amount of his Standing Order.
Exceptional deposits are allowed but will not be used as part of the calculation of the loan amount
Interests are paid monthly.

Ambition Loan

The loan amount is equivalent to twice the amount saved and with a maximum DSR of 40% (whichever is lower). Maximum loan amount is GHS 100.000.00
with a duration of 60 months .The customer can start another Ambitious Savings Plan while benefiting from the loan. Ambition Insurance will be taken to insure against disability or death.

  • Realize your ambition
  • Earn attractive interest on your deposits
  • Access a loan
  • Affordable and flexible repayment
  • Loans competitively priced

Documents to produce:

  • 1 passport size picture
  • Proof of identity (Voters’ ID, Drivers’ license, etc…)
  • Proof of address (Utility bill, tenancy agreement, directional map, etc…)
  • Letter of Undertaking and/or Scheme agreement
  • Last three pay slips and/or six months bank statements (when applying for a loan for the first time) .Copies must be supported by originals for verification.

Bank of Africa Contacts

Location:1st Floor, Block A&B,The Octagon, Independence Avenue
Postal Address: P.O Box C1541, Cantonments, Accra
Telephone: +233-302-249690
Fax: +233-302-249697


Please enter your comment!
Please enter your name here