Ghana has no automatic switch guarantee that moves your payments for you, so switching a business account is a manual process. You open the new account, run both accounts in parallel, redirect inflows and mandates yourself, update your details with customers and on payment links, and close the old account once a full cycle has cleared. Figures here are as of 2 February 2026.
- Automatic switch service
- None. Moving payments is a manual process you manage yourself.
- Safer approach
- Run the old and new accounts in parallel until customer, supplier, salary, and tax flows have moved.
- Tax Identification Number
- Stays the same. It is tied to the business and the individual, not the bank.
- Where to open
- An established bank such as GCB Bank, Ecobank Ghana, Fidelity Bank Ghana, or Stanbic Bank Ghana
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
How switching a business account works in Ghana
Ghana does not operate an automatic account switch guarantee that transfers your payments and mandates for you. That means switching is a manual move you plan and control. The safer approach is to open the new account at an established bank such as GCB Bank, Ecobank Ghana, Fidelity Bank Ghana, Stanbic Bank Ghana, or Absa Bank Ghana, and run it alongside your existing account for a period. You then redirect each inflow and outflow, confirm everything is arriving, and only then close the old account. As of 2 February 2026, confirm the current process with each provider.
Move your inflows and mandates
List every recurring item on the old account. That usually includes customer payments and collections, supplier transfers, salary payments, loan or financing repayments, standing orders, mobile money settlements, and any recurring card or subscription charges. Update the account details with each customer and supplier, change the receiving account on your invoices and on any payment links or collection tools, and recreate standing orders on the new account. Keep the old account funded until you have confirmed a full cycle of payments has cleared on the new one. As of 2 February 2026.
Documents and identity
Opening the new account follows the normal Ghana process. You generally need the Office of the Registrar of Companies registration documents, a Tax Identification Number, identification and address details for the directors and signatories such as a Ghana Card or passport, a board resolution naming the signatories, and proof of business address. The business Tax Identification Number, and the Ghana Card Personal Identification Number used as the Tax Identification Number for individuals, do not change when you move banks. If you hold foreign currency, check whether the new provider offers a foreign currency account before you switch. As of 2 February 2026, verify the list with the provider.
Questions about switching a business account in Ghana
Is there a current account switch service in Ghana?
How do I switch a business account in Ghana without missing payments?
What do I need to open the new business account in Ghana?
Will my Tax Identification Number change when I switch banks in Ghana?
Fees, features, and eligibility change and vary by region. This page was last reviewed on 2 February 2026. Confirm current terms with the provider before applying.