Swift Code is a standard format of Bank Identifier Codes (BIC) and it is unique identification code for a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also use the codes for exchanging other messages between them.
The Swift code consists of 8 or 11 characters. When 8-digits code is given, it refers to the primary office.
Currently, there are over 40,000 “live” Swift codes. The “live” codes are for the partners who are actively connected to the Swift network. On top of that, there are more than 50,000 additional codes, which are used for manual transactions. These additional codes are for the passive participants.
The registrations of Swift Codes are handled by Society for Worldwide Interbank Financial Telecommunication (SWIFT) and their headquarters is located in La Hulpe, Belgium. SWIFT is the registered trademark of S.W.I.F.T.
SWIFT invites FinTech companies from around the world to develop new overlay services that leverage its SWIFT global payments innovation (gpi) platform. They will provide funding of up to 200,000 EUR for the two winning FinTech finalists of an Industry Challenge.
The FinTech winners will work with banks on collaborative innovation concepts that solve additional industry challenges in cross-border payments on top of SWIFT gpi.
Swift Code or BIC code are part of ISO 9362 standards. It is a standard format of Business Identifier Codes (“BIC”). BIC sometimes also refers to “Bank Identifier Code”.
Swift Code or BIC Code is a unique code to identify not only financial institutions but non-financial institutions also. These codes are mostly used when transferring money between banks, especially for international wire transfers or telegraphic transfer (“TT”). The codes are also used in exchanging messages between banks.
For individual users, SWIFT Code normally used to transmit money across the international border.
Below are the SWIFT codes for all banks in Ghana. These SWIFT codes are only the active participants who are connected to SWIFT network.
|#||Banks in Ghana||City||Swift Code / BIC|
|3||ARB APEX BANK||ACCRA||AREXGHAC|
|4||BANK OF AFRICA||ACCRA||AMMAGHAC|
|5||BANK OF BARODA||ACCRA||BARBGHAC|
|14||FIRST ATLANTIC BANK||ACCRA||FAMCGHAC|
|15||FIRST NATIONAL BANK||ACCRA||FIRNGHAC|
|18||GUARANTY TRUST BANK||ACCRA||GTBIGHAC|
|26||THE ROYAL BANK||ACCRA||TRBGGHAC|
|28||UNITED BANK FOR AFRICA||ACCRA||STBGGHAC|
|32||BANK OF GHANA||ACCRA||BAGHGHAC|