Ghana banking sector growth continues to gather pace, with total industry assets reaching GH¢465.4 billion as of February 2026, according to the latest Monetary Policy Report by the Bank of Ghana.
The figures highlight a sector steadily recovering and strengthening its position within the domestic economy.
The report shows that total assets expanded by 21 percent year-on-year, indicating a shift toward more sustainable growth despite a slower pace compared to the previous year. Analysts say this reflects improved balance sheets and stronger funding conditions within the sector.
A key development is the increasing dominance of domestic assets, which now account for 93.8 percent of total industry assets, up from 88 percent a year earlier. This trend underscores a strategic pivot by banks toward local markets, reducing exposure to external economic shocks.
Investment activity played a central role in the sector’s performance. Total investments surged by 57.5 percent to GH¢192.8 billion, largely driven by short-term instruments, which recorded a sharp increase of 130.1 percent.
This growth reflects improved money market yields and more active liquidity management by financial institutions. Industry observers note that such trends are contributing to a more resilient and responsive banking system.
Deposits and Capital Strength Improve
Deposits remain the backbone of the sector’s funding base, rising by 18 percent to GH¢338.5 billion. The increase, driven largely by domestic inflows, signals growing public confidence in the banking system.
The sector’s capital position also saw significant improvement, with shareholders’ funds rising by 44.1 percent to GH¢60.6 billion. This growth has been supported by strong profitability and ongoing recapitalisation efforts across banks.
Despite the overall expansion, credit growth slowed during the period, a move analysts describe as deliberate. Banks are prioritising asset quality and strengthening risk management frameworks as the economy stabilises.
Overall, the data present a picture of a banking sector expanding on firmer and more resilient fundamentals. With improved capital buffers, rising deposits, and a stronger domestic focus, the industry is increasingly well-positioned to support Ghana’s broader economic recovery and long-term financial stability.
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