{
  "id": 15487261,
  "title": "Banks’ profitability moderates, but record GH¢9.2bn profit in 8 months of 2026",
  "url": "https://urgent.news/2026/10/18/banks-profitability-moderates-but-record-gh-9-2bn-profit-in-8-months-15487261",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-18T20:12:13.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/banks-profitability-moderates-but-record-gh%c2%a29-2bn-profit-in-8-months-of-2026/"
  },
  "original_language": "en",
  "account": null,
  "summary": "The banking industry in Ghana experienced a moderate moderation in profitability during the first eight months of 2026, with profit-after-tax (PAT) contracting to GH¢9.2 billion from GH¢9.7 billion a year earlier, marking a 5.7% decline. This decline in PAT was reflected in both profit-before-tax (PBT) and return on equity (ROE) metrics, which fell to 22.2% from 32.2% over the same period. Despite this overall moderation, the banking sector saw an increase in fees and commissions income by 17.9% compared to the previous year, indicating a shift in income sources. However, net interest income contracted by 4.2%, largely due to the low-interest-rate environment, while the growth in other income also slowed down. The cost base moderation, with a 6.4% increase in operating expenses, also contributed to the overall decline in profitability indicators.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Joy Business",
        "title": "Banks’ profitability moderates, but record GH¢9.2bn profit in 8 months of 2026",
        "url": "https://urgent.news/2026/10/18/banks-profitability-moderates-but-record-gh-9-2bn-profit-in-8-months",
        "published": "2026-10-18T20:12:13.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}