Ghana’s banking sector recorded strong growth in the first half of 2026, with banks expanding their assets, deposits and lending while maintaining robust capital and liquidity positions, according to the Bank of Ghana.
The Bank of Ghana said the industry’s total assets increased to GH¢502.4 billion in June 2026 from GH¢384.3 billion in the corresponding period of 2025, reflecting sustained growth in banking activities and improved economic performance.
Customer deposits also rose significantly to GH¢370.8 billion from GH¢280.1 billion over the same period, signalling increased public confidence in the banking system.
Banks further increased credit to businesses and households, with total advances rising to GH¢124.3 billion in June 2026 from GH¢89.7 billion a year earlier.
Asset quality improved during the period as the ratio of non-performing loans declined to 16.1 per cent from 23.1 percent in June 2025, indicating better loan repayment performance.
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The banking sector also remained well capitalised, with the Capital Adequacy Ratio improving to 20.4 percent in June 2026 from 19.7 percent a year earlier.
Liquidity conditions strengthened, with core liquid assets to total assets increasing to 32.6 percent from 28.9 percent, while core liquid assets to short-term liabilities rose to 39.4 percent from 35.3 percent over the review period.
The latest banking sector performance comes amid improving macroeconomic conditions, supported by stronger export earnings, higher international reserves and increased business activity, providing a favourable operating environment for financial institutions.
