• We pursue a focused campaign in encouraging clients to adopt a savings culture.  This is done through the triggering of capital formation by beneficiary enterprises via commitment-based products that encourage savings or by dissuading/limiting withdrawals to help them meet their savings goals and objectives.

Account Types

SaveFlex Accounts

For business clients or microenterprises, it is important to set aside – on a regular basis – part of daily sales into this savings account.  The money accumulated can then be used to cover business expansion, emergencies or as partial collateral to secure loans that we can advance.  We offer two variants of the SaveFlex Account:

SaveFlex Expansion/Nkosuo Account

  • Operates as a Susu account
  • A minimum of GHS5 is required as daily contributions
  • Competitive interest rates applied monthly
  • Regular deposits for 2 months qualifies client for a loan of up to 150% of contributions
  • A special passbook is provided with detailed account information

SaveFlex Reserve Account

  • To meet exigencies
  • Regular deposits made into the account – at least once monthly
  • Pledge to make zero withdrawals within the first 6 months
  • Competitive interest rates applied monthly
  • Compounded amount at the end of first 6 months can partially collaterize a loan
  • A special passbook is provided with detailed account information
SaveFlex Plus Account

For self-employed individuals and employees, it is imperative to set aside enough money that covers basic living for, at least, up to three months.  This money should be kept in an easily-accessible savings account – a feature of our SaveFlex Plus Account.  Money for short-term purchases and emergencies (such as unexpected medical bills, a bereavement or job loss) can be withdrawn from this account.  Withdrawals from this account are limited to a maximum of two per month to make the achievement of the savings objective more realistic.

  • To meet short-term needs
  • Regular deposits to be made into the account – at least once monthly
  • Pledge to make no more than two withdrawals per month
  • Competitive interest rates applied monthly
  • Necessary for workers who would require personal loans
  • A special passbook is provided with detailed account information
Efie Asem Savings Account

Ghanaians permanently-resident abroad now have the savings account they have long yearned for.  Offering a combination of hassle-free benefits, the Efie Asem Account is primarily for the Ghanaian who

(i) has to meet regular Ghana Cedi expenses in Ghana;

(ii) needs to have GHS available when they visit Ghana;

(iii) wants to diversify their investment portfolios and

(iv) may need a personal loan at some point to cover expenses such as buying a property or clearing items from the port.  Features of this account include:

  • Regular deposits to be made into the account – at least once monthly
  • Very competitive interest rates offered
  • Pledge to make no more than two withdrawals monthly
  • Power of Attorney can be given to one person in Ghana to operate account
  • Standing instructions can be given to make regular payments out of the account
  • Regular deposits for at least 6 months qualify account holder for a loan
  • On-line statements will be made available to all account holders
Required Documentation

For Individuals

  • Completed application form duly signed off
  • Identification (ID) document – NHIS Card, Driving Licence, Voter ID, Passport etc
  • House address verification – utility bill, rent agreement (in lieu)
  • 2 passport pictures

For Registered Entities

  • Completed application form duly signed off
  • Identification (ID) documents of all signatories, directors and shareholders
  • House address verification of all signatories, directors and shareholders
  • 2 passport pictures of all signatories, directors and shareholders
  • Copy of business entity’s registration forms