Ghana’s banking sector assets rise 20.47% to GH¢500.2bn – BoG Governor
Total assets of Ghana’s banking sector increased by 20.47 per cent to GH¢500.20 billion at the end of August 2026.
Ghana's banking sector assets surged by 20.47 percent to GH¢500.20 billion by the end of August 2026, according to Dr Johnson Pandit Asiama, Governor of the Bank of Ghana (BoG). This growth marked a significant increase from GH¢415.20 billion recorded at the end of 2025, attributed to bolstering macroeconomic conditions and the central bank's regulatory and supervisory reforms.
Speaking at the 43rd Annual General Meeting of the Ghana Association of Banks in Accra, Dr Asiama highlighted a 0.82 percentage point improvement in the sector's Capital Adequacy Ratio, rising from 18.28 percent in August 2025 to 19.10 percent in 2026. This exceeded the regulatory minimum of 13 percent. Additionally, the Non-Performing Loans (NPL) ratio dropped from 20.77 percent in August 2025 to 15.66 percent in 2026, demonstrating enhanced asset quality.
All 23 banks operating in Ghana had met regulatory capital requirements following extensive capital restoration efforts post the Domestic Debt Exchange Programme (DDEP) crisis. Notably, 13 banks had initially fallen short of capital requirements in their 2022 audited financial statements but were brought back into compliance through collaborative efforts involving banks, shareholders, investors, the Government, and the BoG.
However, Dr Asiama cautioned that capital restoration alone was not enough to ensure long-term stability. He urged banks to strengthen their business models, risk management, and resilience against future economic shocks. The Bank conducted a comprehensive thematic review of business models in 2025, identifying vulnerabilities that were discussed with respective institutions.
Ongoing engagements with bank boards and senior management, coupled with a planned second round of Business Model Analysis in 2027, aim to ensure sustainable business practices and effective risk management. Dr Asiama also emphasized the need for banks to reduce their NPL ratios to the prudential limit of 10 percent by the end of 2026.
The central bank remains committed to strengthening regulatory and supervisory frameworks to capitalize on the banking sector's gains and foster sustainable operations supporting productive economic activity.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
