As part of these reforms, each bank branch has been given a unique 6-digit sort code, which identifies the Bank, location and branch number (and assigned to one of eleven clearinghouses operated by the Bank of Ghana).
Sorting code and BIC allocation
Members have ranges of sorting codes that they can allocate to bank offices. This standard was revised in 2003 and again in 2007 when it was split into two parts. A sort code is the name given by both the British and Irish banking industry to the bank codes which are used to route money transfers between banks within their respective countries via their respective clearance organizations. Before IBAN, users, especially individuals and small businesses (SMEs), used to be confused by the differing national standards for bank account identification such as bank, branch, routing codes and account number.