Global Access Savings and Loans Company Ltd.(Global Access), has been in operational existence for 14 years as a financial institution and has been operating for about 5 years as a Savings and Loans Company.
Established as a joint venture between Agricultural Development Bank (ADB) and PVI Group Inc., Global Access was incorporated under the laws of Ghana in 1998 and commenced business in February 2000 as a Partner Agent of ADB in the Western Union Money Transfer business. The company has since grown and added other money transfer services to its remittance product line. As a remittance service company at its inception, Global Access helped to shape the remittance service industry in Ghana for over 10years before becoming a fully-fledged deposit-taking financial institution (Savings and Loans Company) in 2010. Having played the critical pioneering role in the remittance services business and operated profitably for over 10 years, its Board and the Executive Management decided to convert the company into a savings and loans company following changing needs of the customers especially for “a one shop banking platform” that is capable of providing full suite of banking products and solutions.
After meeting the key licensing requirements, Global Access was issued with a savings and loans license in 2009 under the new Banking Act,2004 (Act 673) and started to operate as a fully-fledged savings and loans company on December 6, 2010.
Global Access is a financial inclusion-oriented financial institution with a focus on providing transparent banking services to very small, small and medium-sized enterprises in Ghana. At the same time it offers simple savings products with an emphasis on financial literacy to ordinary households. It has a proven track record in the Ghanaian market to be one of the reliable savings and loans companies for the SMEs and many ordinary households who rely on remittances from relatives abroad to meet their social and economic needs. Global Access currently has a total of 18 branches and 2 ATMs in 3 regions of Ghana. It employs approximately 300 employees. Its Head Office is located in Citizen Kofi’s Building at Osu, Accra, Ghana. In Accra, you can locate Global Access branches in Osu, WestHilsl Mall, Abeka Lapaz, Kwashieman, Akweteyman, Newtown, Accra Central, Adabraka, Spintex, Tema Community 2 and Tema East. In Kumasi, we are in Bantama, Manhyia (Opp. Manhyia Palace), Kwadaso, Suame and Old Tafo.
Global Access is specialized in providing savings, remittance services, loan products and other banking services to small and medium-sized businesses. It offers simple and straightforward banking services to ordinary people. We believe that widespread participation in the formal financial sector is important in building a stable economy and access to responsible credit helps the small businesses which drive economic growth and creat employment. An important strategic focus of Global Access is to provide support to promising sectors of the Ghanaian economy. Global Access will therefore continue to focus its attention on the provision of financial and banking solutions and support tailored to the needs of local manufacturing firms as well as on the simplification of banking procedures for account holders with low levels of financial literacy. Global Access places great emphasis on very small and small businesses engaged in local production, including manufacturing for both the local market and export as well as services, including health provision, hospitality, education and information and communication.
For Our Business Clients (SMEs).Global Access provides loans and transaction banking services. We employ a credit technology which is based on a careful but efficient analysis of the ability and willingness of a customer to service a loan, so as to avoid over-indebtedness and ensure the productive use of the loan. In addition to loans, Global Access serves its clients with other banking needs, including remittance services, deposit accounts (savings account and investment account). The range of services offered helps the SMEs customers to formalise and expand their businesses.
We aim to be the “one-shop bank” for small businesses. Our target clients are businesses which have the potential to create stable employment and benefit the most from the specialist service that Global Access can provide. Over time, we have developed solid, long-term relationships with our customers and their loyalty is a reflection of our unique understanding of their business needs.
For the Ordinary People.
Who live and work around our branches, we focus on creating a savings culture.
Global Access offers simple and attractive savings products alongside a basic
range of standard banking services, e-banking and money transfer services. This
approach serves our clients and the institution well.
As of September 2015, the institution had a total of 2,528 loan clients who have
been granted various credit facilities. The institution has an outstanding loan
portfolio of GHS 19.5 million to very small, small and medium-sized business
clients. The number of depositors and savers of Global Access was over 45,000 as
at September 2015 with a total deposit base of GHS 40 million
Thank you for doing business with us.