Ghana’s banking sector assets up 20.47% at the end of August 2026 – BoG

Ghana's banking sector witnessed a remarkable 20.47% surge in assets, reaching an impressive GH¢500.20 billion by August 2026, according to the Bank of Ghana (BoG). This substantial growth, highlighted by Governor Dr. Johnson Pandit Asiama during the 43rd Annual General Meeting of the Ghana Association of Banks, signifies a robust recovery from the economic challenges faced earlier this year.

All 23 operating banks in the country have successfully met the BoG's regulatory capital requirement, ensuring a more secure financial landscape.

Comparing the figures from August 2025 to August 2026, total banking assets grew from GH¢415.20 billion to GH¢500.20 billion, reflecting significant expansion. The Capital Adequacy Ratio (CAR) improved from 18.28% to 19.10%, demonstrating a stronger foundation for the sector. Additionally, the Non-Performing Loans (NPL) ratio decreased dramatically, falling from 20.77% to 15.66%, indicating a reduction in toxic debt.

Dr. Asiama credited this financial sector's forward momentum to improving macroeconomic conditions and stringent central bank supervision. The sector's stability is supported by a rising Capital Adequacy Ratio, which is now safely above the regulatory baseline threshold of 13%. Efforts to tackle bad loans are paying off, with the NPL ratio significantly reduced from 20.77% to 15.66%.

The banking sector is on track to achieve the goal of keeping NPL ratios below 10% by December 2026, a target enforced by the BoG to maintain financial health.

While the current achievements are commendable, the BoG warns that risk configurations are becoming increasingly complex. As the year progresses, banks are urged to focus on building active protective buffers rather than merely meeting baseline requirements, ensuring long-term resilience in the financial sector.