Consolidated Bank Ghana

What Consolidated Bank Ghana does

Consolidated Bank Ghana Limited (CBG) is an Indigenous Ghanaian Universal Bank licensed by the Bank of Ghana under the Specialized Deposit-Taking Institutions Act, 2016 (Act 930), which commenced operations on August 1, 2018. Headquartered in Accra, the bank operates 110-114 branches across all 13 regions of Ghana and serves four primary segments — Personal Banking, Business Banking (SME), Corporate Banking, and Institutional Banking — with secondary focus on Priority, Diaspora, Women's (BLOOM), and Green Business customer cohorts. Revenue is generated principally through interest income on loans and credit facilities, transaction and trade finance fees, and bancassurance commissions distributed via a SanlamAllianz partnership.

Name

Consolidated Bank Ghana

Legal name

Consolidated Bank Ghana Ltd.

Website

https://cbg.com.gh

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Consolidated Bank Ghana Limited is a Ghanaian universal bank operating 110-114 branches across 13 regions, serving retail, SME, corporate, and institutional customers through digital, branch, and agency banking channels.

Ownership category

akta.pro rank

Product category

Universal Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021), State Commercial Banks (6022), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Account & Balance Services (Operating accounts, statements, eBAM) (FSABAIAD), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

Keywords

• Universal banking services
• Corporate banking solutions
• Trade finance services
• Agency banking network
• Consumer lending products

Headquarters

HQ city

Accra

HQ country

Ghana

HQ region

Africa

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income: Primary revenue from interest charged on loans and credit facilities including personal loans, business loans, corporate financing, overdrafts, and trade finance. Interest rates vary by product tier and customer segment.
2. Transaction Fees: Fees from digital banking transactions, wire transfers, ATM withdrawals, account maintenance, and trade finance services.
3. Insurance Commission: Bancassurance revenue through partnership with SanlamAllianz for travel, motor, and home insurance products distributed through bank channels.
4. Corporate Solutions Fees: Revenue from cash management solutions including CBG Collect, Remote Cheque Clearing, BulkPay, and trade finance services for corporate customers.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels5 records

Core offering

Consolidated Bank Ghana (CBG) operates as a universal bank licensed by the Bank of Ghana, offering deposit accounts, consumer and commercial loans, trade finance, cash management, agency banking, and insurance products to personal, business, corporate, and diaspora customers. Services are delivered through a 110-114 branch network across 13 regions of Ghana supplemented by digital channels including mobile app, internet banking, USSD (*924#), and a third-party agent banking network.

Product overview

Consolidated Bank Ghana (CBG) operates as a unified universal banking platform offering a comprehensive portfolio of digital and traditional financial services across multiple channels. The core banking infrastructure consists of digital channels including the CBG Mobile App, Internet Banking (retail and corporate), USSD Banking (*924#), and Digital Account Opening platforms. CBG's payment ecosystem integrates with PAPSS for cross-border payments, Mastercard/VISA for card transactions, mobile money networks (MTN, Telecel, GhanaPay), and the proprietary Gh-link network. The bank provides specialized banking services including Sika Agent agency banking, CBG Collect for corporate collections, BulkPay for bulk disbursements, and comprehensive Trade Finance solutions. Lending products span personal loans (PERSA Payday/Term Loans, Personal Overdraft), business loans (SME Smart/Advanced Loans, Vehicle Asset Finance), corporate financing (Term Loans, Overdrafts, Invoice Discounting), and insurance (Home, Motor, Travel). Wealth management includes Fixed Deposits and Treasury Bills. CBG also serves the diaspora market with dedicated banking solutions and targets women entrepreneurs through its BLOOM initiative and green businesses through its Green Business unit.

Differentiator

Problem solved

Functional benefit

Brands

• Sika Agent: Agency banking service that allows customers to make deposits, withdrawals, interbank transfers, bill payments, and open accounts through approved agents within their communities.
• B.L.O.O.M
• Priority Banking
• Diaspora Banking

Products and services

• CBG Mobile App Mobile banking application for Android and iOS that enables account management, card services, transfers, bill payments, mobile money transactions, and GhQR scanning for individual and business customers.
• CBG Internet Banking Web-based banking platform providing retail and corporate customers with real-time transfers, bulk payments, cheque book requests, and account management.
• USSD Banking (*924#) USSD-based mobile banking service allowing account transfers, airtime purchase, bill payments, balance checks, and mobile money transactions without internet or smartphone access.
• CBG Sika Agent Agency banking service enabling customers to make cash deposits, withdrawals, interbank transfers, bill payments, and open accounts through approved third-party agents in underserved communities.
• CBG Collect Secured web-based application with API integration that enables corporate and institutional customers to process verified revenue collections across CBG branches in cash, corporate cheques, or mobile money.
• CBG BulkPay Bulk payment service embedded in internet banking that supports real-time disbursements to multiple mobile money and bank account beneficiaries with automatic validation and reconciliation.
• CBG POS Point-of-Sale payment terminal that accepts Mastercard, Visa cards, and mobile money transactions for merchant in-store purchases.
• Mastercard Classic Card Debit card for everyday use providing global access to funds for purchases and cash withdrawals wherever Mastercard is accepted.
• Mastercard Gold Card Premium debit card with higher transaction limits and enhanced flexibility, designed for clients who travel frequently and require premium banking services.
• CBG Proprietary Card (Gh-link) Local transaction card for ATM withdrawals, point-of-sale payments, and services across Gh-link enabled platforms.
• E-Zwich Card Card providing enhanced security for retail and online purchases across the E-Zwich biometric payment network.
• Trade Finance Services Suite of trade finance solutions covering letters of credit, documentary collections, import/export financing, shipping guarantees, duty financing, advance payment, open account supplier credit, and trade loans for importers and exporters.
• Bank Guarantees and Standby Letters of Credit Bank guarantee and Standby Letter of Credit services covering advance payment guarantees, performance guarantees, and bid/tender securities for corporate customers and contractors.
• Escrow Account Management Escrow services that allow local businesses to trade with offshore partners by holding and disbursing funds through CBG as an independent third party under the Forex Exchange Act.
• Remote Cheque Clearing (RCC) Remote cheque deposit solution that enables customers to process cheques from their office via scanner and secure VPN connectivity, supporting both in-house and third-party cheques.
• Cash-In-Transit (CIT) Service Cash collection service that deploys bullion vans to mobilize deposits from customer business locations.
• Personal and SME Loans Lending portfolio for individuals, solopreneurs, SMEs, and salaried workers covering payday loans, salary-backed term loans, personal overdrafts, consumer asset finance, unsecured SME loans, and corporate employee group loans.
• Corporate Financing Facilities Corporate financing suite providing revolving overdrafts, express temporary overdrafts, business term loans, vehicle asset finance, invoice discounting, certificate discounting, and cash-backed facilities for business, corporate, and institutional banking customers.
• CBG Travel Insurance Travel insurance policy underwritten by SanlamAllianz that covers emergency medical expenses, trip cancellation/interruption, baggage loss/delay, and personal accident during travels.
• CBG Motor Insurance Vehicle insurance offering Third-Party Liability and Comprehensive Motor Insurance coverage against bodily injury, property damage, and theft.
• CBG Home Insurance Policy Comprehensive home insurance covering theft, fire, wind damage, flood, and allied perils with optional coverage for alternative accommodation (up to 12 months), public liability, personal accident, and home contents.
• Business Deposit Accounts Business deposit accounts including current accounts, hybrid interest-bearing Fuse accounts, foreign currency accounts (FCA), and foreign exchange accounts (FEA) for SMEs and businesses managing daily transactions and international funds.
• Corporate Deposit Accounts Corporate and institutional deposit accounts including Corporate Current Account with bundled services and dedicated relationship management, plus non-interest-bearing Institutional Current Account for public sector and non-profit organizations.
• Diaspora Banking Banking services for Ghanaians abroad and the African diaspora covering foreign currency accounts, custodial services, money transfers, international card services, fixed deposits, and cash-backed loans.
• Priority Plus Account Premium banking account for high-value customers with minimum opening balance of GHS 1,000, offering expedited branch services, priority lounges, exclusive benefits, free cheque book, international payment card, dedicated relationship manager, and access to credit facilities.
• B.L.O.O.M Women's Banking Women's banking initiative providing tailored financial solutions, financial literacy, and entrepreneurship support for women entrepreneurs and business owners.
• Green Business Financing Green finance unit providing financing for renewable energy projects, climate-smart agriculture, water management, waste-to-energy initiatives, and environmentally responsible SMEs under Ghana's green finance framework.
• PAPSS Cross-Border Payments Pan-African Payment and Settlement System integration enabling instant cross-border payments in local currencies across 15 participating African countries for retail and corporate customers.
• Capital Markets and Syndication Services Capital markets and syndication services including joint-lead arranging and escrow agency for equity listings on the Ghana Stock Exchange, demonstrated by CBG's role in the Kasapreko PLC IPO.

Quantifiable outcome

• Kasapreko IPO recorded oversubscription of GHS 1.73 billion demonstrating investor confidence and CBG's capital markets capability
• +3 more outcomes

Named customers3 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature6 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• University of Ghana Innovation and Entrepreneurship CentreminorStrategic or Co-development Partner · 2 June 2026CBG Youth Banking and Sustainable Financing teams participated in Africa Climate Collaborative initiative, connecting climate-focused startups with investors and partners during 'Deal Source Day'. Partnership in partnership with Mastercard Foundation.
• Young African Women's Congress (YAWC)coreStrategic or Co-development Partner · 26 May 2026CBG signed MoU with YAWC for roll-out of Young African Women Entrepreneurs Fellowship Program. The partnership supports aspiring female entrepreneurs in Ghana with training, resources, and mentorship to bridge gender gaps in business. Managing Director Dr. Naomi Wolali Kwetey reaffirmed CBG's commitment to championing inclusion and creating opportunities for Ghanaian women.
• SanlamAllianzcoreChannel Partner/ Reseller/ DistributorSanlamAllianz underwrites CBG's travel insurance products distributed through bank channels. Insurance covers emergency medical expenses, trip cancellation, baggage loss/delay, and personal accident.
• PAPSS (Pan African Payment and Settlement Systems)coreTechnology or IntegrationPAPSS is a centralized payment and settlement infrastructure for intra-African trade enabling instant cross-border payments in local currencies. CBG is live on PAPSS enabling cross-border transfers across 15 participating African countries including Ghana, Nigeria, Sierra Leone, Liberia, Gambia, Guinea, Djibouti, Zimbabwe, Kenya, Zambia, Rwanda, Malawi, Morocco, Algeria, and Tunisia.
• MTN GhanacoreTechnology or IntegrationMTN Mobile Money integration through CBG's MoMo binding portal enabling seamless linkage between MTN MoMo accounts and CBG bank accounts for quick transfers.
• Telecel GhanacoreTechnology or IntegrationTelecel Cash integration through CBG's Telecel Cash linkage portal enabling account binding for fund transfers between Telecel and CBG accounts.
• GhanaPaycoreTechnology or IntegrationGhanaPay digital wallet integration allowing non-CBG customers to create wallets and CBG customers to link existing wallets to their accounts for seamless transactions.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• GCB Bank PLC: Ghana's largest state-owned universal bank with the deepest branch network and historical dominance in government salary accounts. Direct competitor across personal, business, and corporate banking, and the benchmark incumbent CBG must displace for nationwide share.
• Ecobank Ghana PLC: Subsidiary of the pan-African Ecobank Group, one of Ghana's top 3 universal banks. Competes head-to-head with CBG across corporate, SME, and retail segments and offers stronger cross-border capabilities — directly comparable given CBG's PAPSS-driven diaspora and trade finance ambitions.
• Standard Chartered Bank Ghana PLC: Foreign-owned universal bank in Ghana specializing in corporate, transaction banking, and priority retail. Direct competitor for CBG's corporate banking, trade finance, and high-net-worth segments with deeper international network and FX capabilities.
• Absa Bank Ghana PLC: Universal bank offering personal, business, and corporate banking with strong digital and card franchises. Comparable to CBG in target segments and product breadth, with greater brand recognition and digital maturity.
• Stanbic Bank Ghana: Subsidiary of Standard Bank Group, providing universal banking with strong corporate, investment banking, and transactional banking capabilities. Direct competitor for CBG's corporate cash management, trade finance, and treasury services.
• Agricultural Development Bank of Ghana: State-owned Ghanaian bank with similar mixed retail and development-finance mandate. Comparable in scale, government backing, and focus on SME/agricultural lending, providing a directly overlapping target customer base.
• Zenith Bank Ghana PLC: Subsidiary of Nigeria's Zenith Bank Group offering universal banking services in Ghana. Direct competitor across corporate and retail segments with strong technology infrastructure and remittance corridors.
• Guaranty Trust Bank (Ghana) Limited: Ghanaian subsidiary of Nigeria's GTBank with strong retail, SME, and digital banking capabilities. Comparable to CBG in customer segments and digital-first ambition, often cited as a technology leader in the Ghanaian market.
• United Bank for Africa (Ghana) Limited: Pan-African bank with Ghanaian operations, providing personal, commercial, and corporate banking plus intra-African transfers. Comparable to CBG on cross-border ambition and universal bank product breadth, with the added advantage of larger group infrastructure.

Broad incumbents

• Republic Bank (Ghana) PLC: Caribbean-headquartered Republic Bank Group's Ghana subsidiary (formerly HFC Bank), offering universal banking with mortgage focus. Comparable universal bank operating in the same regulatory regime, providing a relevant benchmark for valuation and segment performance.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/CBGBankLtd
• Facebookfacebook.com/CBGBankLtd
• LinkedInlinkedin.com/company/cbgbank
• Instagraminstagram.com/CBGBankLtd

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Consolidated Bank Ghana