Few people in Africa have bank accounts. In Ghana, just like the sub-Saharan African region over all, it is 19%, but it varies from 49% in South Africa and 1% in Congo/Kinshasa and Niger.
So why do not Africans go to the bank and open an account?
Gallup includes the answer to this question in their report Few in Sub-Saharan Africa Have Money in a Bank:
“Two-thirds say the lack of money is the main reason why they don’t have accounts.”
What a shocker.