Ecobank EDC: Interest rate, how to join, and more

Ecobank EDC is an innovative financing solution from Ecobank, a pan-African banking leader. It offers customers the ability to investment opportunities at competitive rates. Ecobank EDC is tailored to fit the needs of both businesses and individuals looking for financing.

This is a great way to get high returns on your money, but there are a few important details you should be aware of before making a decision. This article will talk about the interest rate, how to apply for an Ecobank EDC account, and other important information about this type of investment.

It offers competitive interest rates that are designed to meet customer needs. Customers also benefit from quick turnaround times and flexible options that allow them to make convenient income


By investing your money, you are getting your money to generate more money by earning interest on what you put away or by buying and selling assets that increase in value.

Investing your money can allow you to grow it. Most investment vehicles, such as stocks, certificates of deposit, or bonds, offer returns on your money over the long term. This return allows your money to build, creating wealth over time.

What is the EDC Ghana Fixed Income Fund?

The Ecobank Development Corporation (EDC) Ghana Fixed Income Fund is a unit trust that pulls money from unit holders and invests in fixed-income securities like Treasury Bills and Bonds, Corporate Bonds, and Fixed Deposits, among others on behalf of the unit holders.

How does the fund structure work?

The fund invests in fixed-income securities such as corporate bonds, fixed deposits, and Government debt instruments among others.

Who manages the EDC funds?

EDC Investment Limited manages the EDC Fixed Income assets. EDC Investment Limited is a subsidiary of Ecobank Capital.

How much can I invest?

You can invest with a minimum initial amount of GHS 50 and a top-up investment amount of GHS 20.

How do I pay?

  1. Cash and cheque payments at EDC or any Ecobank branch across the country.
  2. Standing order from investor’s bank account to EDC Ghana Fixed Income Fund.
  3. Funds Transfer.
  4. Post-dated cheques for periodic payments.

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How do I join the EDC Ghana Fixed Income Fund?

  1. Pick and complete an application form from EDC or any Ecobank branch.
  2. Add one passport picture and a photocopy of any valid national ID.
  3. You will have to make a minimum startup deposit of GHS 50 and a minimum top-up of GHS 20.
  4. Submit the document to the officer in charge.
  5. Wait for confirmation.

How long do I have to be in the fund?

An individual can invest in the fund for as long as he/she wishes. Withdrawals can be made in part or full with no penalty. However, there is a front load charge of 0.5% on all deposits.

What can I invest in?

  1. Home Purchase / Mortgage / Vehicle acquisition.
  2. Financing of children’s education.
  3. Retirement plan.
  4. Starting a business, etc.

What is the interest rate?

The EDC Ghana Fixed Income Fund does not have a fixed interest rate because the funds are invested in various fixed-income securities.

Who is qualified to invest in EDC Ghana Fixed Income Fund?

  1. Any individual adult
  2. Any institution
  3. Any organization
  4. Anyone who wants to take advantage of the good investment opportunity offered by the EDC Ghana Fixed Income fund.
  5. An adult can also invest on behalf of a child.

Will I be able to withdraw money from my investment earns?

Yes. On the way, if you want to make a withdrawal, you are eligible to do so. Money can be withdrawn by making an application to the fund manager either directly or through any Ecobank branch. The withdrawal request is processed and approved within 5 business days.


Long-term investment is great and worth it. If you have the capacity of investing in the long run, then trying Ecobank EDC will worth it.

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