Ghana’s financial sector assets rise to GHc647.25 billion amid stronger stability measures
Ghana’s financial sector recorded significant growth in 2025, with total assets increasing by 23.3 per cent to GH¢647.25 billion as the Bank of Ghana (BoG) intensified oversight measures to address emerging risks and strengthen stability within the sector.
The asset growth, which represents approximately 45.1 per cent of Ghana’s Gross Domestic Product (GDP), was driven by improving macroeconomic conditions, strong capital buffers, and increased holdings of government securities by banks.
Speaking at the maiden launch of the Financial Stability Council’s (FSC) annual Financial Stability Review, the Second Deputy Governor of the Bank of Ghana, Mrs Matilda Asante Asiedu, said the sector’s strong performance in 2025 had helped restore confidence after years of economic and financial stress.
The review, launched under the theme “From Stress to Stability, Staying on Course,” highlighted Ghana’s transition towards integrated supervision as regulators position themselves to address emerging risks while sustaining growth in the post-debt restructuring era.
According to the report, profitability and solvency levels improved across the four main financial sectors — banking, insurance, securities, and pensions — strengthening the resilience of the country’s financial system.
Mrs Asante Asiedu stated that the sector had successfully moved “from stress to stability” after enduring macroeconomic shocks and debt restructuring challenges in recent years.
“The theme reflects how the financial sector has navigated through the twin stresses of macroeconomic shocks and debt restructuring risks over the past few years to the current state of stability that we enjoy,” she said.
She explained that financial institutions had reassessed their business models to adapt to changing economic conditions and avoid disruptions to the stability that is gradually taking root within the sector.
Mrs Asante Asiedu also outlined several initiatives introduced by the Financial Stability Council to deepen the sector and enhance stability. These include the implementation of a framework for conglomerate supervision aimed at strengthening oversight of financial groups operating across multiple sectors.
Another major development, she noted, was the creation of a risk matrix to monitor activities within the virtual asset services space following the passage of the Virtual Asset Services Providers Act, 2025 (Act 154).
According to her, the new regulatory framework is intended to minimise regulatory arbitrage by enabling joint risk assessments across banking, insurance, and capital market operations within financial groups.
“We will continue to collaborate under the auspices of the FSC to deepen policy coordination, sustain the development of the financial services sector, and preserve the country’s financial stability,” she said.
Dr John Kwame Dadzie of the FSC Secretariat described the 2025 Financial Stability Review as a collaborative effort involving extensive engagement among member institutions across the financial sector.
He explained that the initial chapters of the report were prepared by representatives from member institutions before undergoing reviews by the FSC Secretariat and an inter-agency committee, with final refinements undertaken by council members to ensure consistency and data reliability.
Dr Dadzie added that the coordinated review process was crucial to maintaining the credibility of the report and commended the drafting teams, technical committees, and communications department for their contributions to the publication.
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