Osu RE becomes a ritzy area for
banks
Andrews Zugah, Ghanadot
Accra, June10, Ghanadot -
Osu RE, popularly referred to as Oxford Street, one of
Accra’s most important entertainment and commercial
areas is fast becoming a high
street for banks.
Barclays Bank is said to be the first bank to have located a
branch along the street sometime in the early nineties to
take advantage of the several shops and supermarkets that
were operating along the street.
There are now about eight more banks in the area, beating
the total on High Street in Accra,
traditionally known as the country’s banking hub which has
just about four.
The Oxford Street has Standard Chartered Bank, Fidelity
Bank, Amal Bank, Agriculture Development Bank, UBA bank and
Ecobank.
There is also Guaranty Trust Bank, Merchant Bank and the
National Investment Bank located around Danquah Circle with
some more banks said to be aiming to set up branches in the
near future.
There is no doubt the banks are positioning themselves to
cash in on the booming retail business in the area.
Oxford Street, or Osu RE, and its
environs are however not just about banks.
All sorts of businesses are locating in the area;
restaurants, hotels, boutiques, night clubs, supermarkets,
with the telecom companies not allowing themselves to be
left out.
Some of the businesses, such as the Papaye Fast Food
Restaurant says the presence of the banks is serving them
very well.
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