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 latest report by the Bank of Ghana, the growth reflects improved balance sheet resilience and stronger confidence in the financial system.
The sector recorded a 21 percent year-on-year increase in total assets. Although this marks a slower pace compared to the previous year, it points to a more stable and sustainable growth trend. This expansion is largely driven by strong domestic asset growth and better funding conditions.
Domestic assets now dominate the sector, accounting for 93.8 percent of total industry assets, up from 88 percent a year earlier. This shift highlights a stronger local focus by banks and reduced exposure to external market risks.
Investment activity played a key role in the sector’s performance. Total investments surged by 57.5 percent to GH¢192.8 billion. Much of this growth came from short-term instruments, which recorded a sharp increase of 130.1 percent. This reflects improved yields in the money market and more active liquidity management by banks.
On the funding side, deposits remain the backbone of the banking sector. Deposits grew by 18 percent to GH¢338.5 billion, largely driven by domestic inflows. This trend suggests growing public confidence in the banking system.
The sector’s capital position also improved significantly. Shareholders’ funds rose by 44.1 percent to GH¢60.6 billion, supported by strong profitability and ongoing recapitalisation efforts.
Credit growth slowed during the period, but analysts view this as a cautious and necessary adjustment. Banks are focusing more on managing risks and maintaining asset quality as the economic environment stabilises.
Overall, the data points to a banking sector that is expanding on stronger foundations. With improved capital, rising deposits, and steady asset growth, the sector is better positioned to support Ghana’s economic recovery.
