Banking Sector assets hit GHc465.4bn as industry regains strength – BoG Report

By Prince Antwi April 29, 2026

Ghana’s banking sector is showing renewed strength, with total industry assets rising to GH¢465.4 billion as of February 2026, according to the Bank of Ghana’s March Monetary Policy Report.

The latest figures signal a sector on a firmer footing, underpinned by stronger balance sheets and improved positioning within the domestic economy.

Total assets expanded by 21 per cent year-on-year. Although this marks a moderation from the previous year’s growth rate, it reflects a transition toward more stable and sustainable expansion, driven largely by domestic asset growth and improving funding conditions.

A key highlight of the report is the increasing dominance of domestic assets, which now make up 93.8 per cent of total industry assets, up from 88 per cent a year earlier. This shift underscores a stronger local orientation by banks and reduced vulnerability to external risks.

Investment activity played a significant role in the sector’s performance. Total investments rose sharply by 57.5 per cent to GH¢192.8 billion, supported mainly by a surge in short-term instruments, which grew by 130.1 per cent. This trend reflects improved money market yields and more active liquidity management by banks.

Deposits remain the primary source of funding for the industry, increasing by 18 per cent to GH¢338.5 billion. The growth was largely driven by domestic inflows, indicating a steady return of public confidence in the banking system.

The sector’s capital base also strengthened considerably during the period. Shareholders’ funds rose by 44.1 per cent to GH¢60.6 billion, supported by robust profitability and ongoing recapitalisation efforts.

However, credit growth slowed over the review period. Analysts attribute this to a more cautious lending approach, as banks prioritise asset quality and risk management in a gradually stabilising economic environment.

Overall, the data point to a banking sector that is not only expanding but doing so on stronger and more resilient fundamentals, positioning it to better support Ghana’s broader economic recovery.