All 23 banks now fully capitalised – BoG Governor

Dr Johnson Asiama, Governor of the Bank of Ghana, has announced that all 23 banks operating within the country have now reached full capitalization. This development signifies the further fortification of the banking sector, highlighting its growing robustness and resilience. Speaking at the 2026 CEOs Connect event organized by the Canada-Ghana Chamber of Commerce, Asiama deemed the enhancement in the sector's asset quality as a significant contributor to the strengthened bank balance sheets.

"In the banking sector, we are witnessing robustness and resilience, as all 23 banks are now fully capitalized," Asiama stated. "The improvement in capital and liquidity positions also underscores the soundness of the banking sector."

Asiama emphasized that this progress is a part of Ghana's broader effort to restore macroeconomic stability over the past two years. He further urged the banks to deepen their involvement in Ghana's capital market to improve access to long-term financing. By doing so, Asiama suggests, the banks could contribute to a more dynamic financial system.

"As the stability achieved must now be translated into increased productive investment, stronger private sector growth, higher exports, and quality employment," Asiama stressed. "Moreover, I encourage more diversification of financing sources, including long-term debt and equity, trade finance, syndicated lending, private equity, leasing, export finance, development finance, and green and sustainability-linked financing."