Having read so much about finances in Ghana, one can say spending and saving do not go hand in hand If a person is not prudent enough, I will be shielding more light on various banks in Ghana and their interest rate. A wise man once said the safer your money, the healthier you are likely to be.
Below is the list of banks which is available and recognized under banking and finance registration in Ghana.
Access Bank Ghana Limited
ADB Bank Limited
Bank of Africa Ghana Limited
Bank of Baroda Ghana Limited
BSIC Ghana Limited
Barclays Bank of Ghana Limited
CAL Bank Limited
Ecobank Ghana Limited
Energy Bank Ghana Limited
FBNBank Ghana Limited 
Fidelity Bank Ghana Limited
First Atlantic Bank Limited
First National Bank Ghana Limited
GCB Bank Limited
GN Bank Limited
Guaranty Trust Bank (Ghana) Limited
HFC Bank Ghana Limited
National Investment Bank Limited
Prudential Bank Limited
Société Générale Ghana Limited
Stanbic Bank Ghana Limited
Standard Chartered Bank Ghana Limited
The Royal Bank Limited
UniBank Ghana Limited
United Bank for Africa Ghana Limited
Universal Merchant Bank Ghana Limited
Zenith Bank Ghana
Premium Bank Limited
OmniBank Ghana Limited
Heritage Bank Limited
The Construction Bank Ghana Limited
The Beige Bank Limited
GHL Bank Limite
ARB Apex Bank Limited
Information which is provided here is according to the Annual Percentage Rates (APR) and Average Interest (AI) released by the Bank of Ghana.
The report indicated that Sovereign Bank offers a 19.5 percent interest rate on deposits. This is higher than the industry average of 11.9 percent as at the end of January 2017.
After Sovereign bank, then we have GCB ( formerly referred to as Capital bank) as the second best with the best rate at 18.7 percent.
Stanbic Bank, OmniBank, Unibank, First National Bank followed as third, fourth and fifth with 16.8, 15.8 and 14.1 percent respectively.
GN Bank occupied the sixth position with 14.0 percent; followed by First Atlantic Bank with 13.7 percent.
The eighth, ninth and tenth positions were occupied by Access Bank, UT Bank and Fidelity bank with 13.6, 13.3 and 13 percent respectively.
UBA, Bank of Baroda and Barclays Bank placed 11th, 12th and 13th with interest rates of 12.9, 12.7 and 12.4 percent respectively.
Meanwhile, at the 14th, 15th, 16th and 17th positions are the Royal Bank, NIB, Bank of Africa, Zenith Bank, Sahel-Sahara and Prudential Bank Limited with 12.3, 12,11.9 and 10.8 percent in that order.
From the bottom, Standard Chartered Bank has the lowest interest on customer deposits. The Bank gives 4.3 percent interest rate on deposits.
Energy Bank precedes them with a 5.7 percent rate, ADB and GT Bank placed 29th and 28th with 6.7 and 7.3 percent respectively.
Other banks offering lower than the industry average include; Societe General, HFC, FBN Bank and GCB Bank with 10.6, 10.2, 10 and 9.6 percent respectively.
The remaining are UMB and Ecobank with 9.5 and 8.4 percent.
Most of the banks whose rates is not specified is likely to be lower than 4.3 interest rate or they are likely to be a bit higher than this rate given.
The financial sector on January 22nd 2017 made it clear on how it would be preferred if bank would make transactions with customers at rate at 20 percent to customers.
Most of the banks whose interest rate is far below 11 : 12 percent of interest rate might be considered as not considering their customers view when it comes to profiting from their businesses .
Researched by : Temi Badmus.