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.

Read the whole Gallup report here! And/or read more Ghana related Gallup news!