Ghana’s banking sector remains strong and well-capitalised, with a capital adequacy ratio (CAR) of 18.28% as of August, almost double the 10% minimum requirement set by the Bank of Ghana.
This firm buffer underscores the sector’s ability to absorb potential shocks and continue supporting credit growth and innovation without threatening financial stability.
The Governor of the Bank of Ghana, Dr. Johnson Asiama, said the performance reflected discipline and strong collaboration between banks and regulators after years of reforms and economic turbulence.
“That resilience was not accidental,” he noted. “It reflects discipline, sacrifice, and partnership, the collective effort of banks, regulators, and industry leaders working toward a single goal: restoring confidence.”
He explained that the capital adequacy ratio, which measures a bank’s strength and ability to absorb losses, has remained comfortably high. Non-performing loans, the loans customers struggle to repay, eased to 20.77%, while return on equity rose to 32.21%, compared with 31.36% in 2024.
Deposits also grew by more than 17% year-on-year, supported by stronger business activity and rising consumer confidence.
Inflation fell sharply to 9.4% in September, the lowest in four years, from 23.8% in December 2024. The cedi, Ghana’s local currency, appreciated by about 37% year-to-date, while gross reserves reached $10.7 billion, enough to cover more than four and a half months of imports as of August.
The Bank of Ghana has encouraged lenders to channel part of their renewed strength into innovation, digital inclusion, and sustainability initiatives, aligning with global trends that link financial stability to long-term growth.
Asiama said the banking sector’s stability now provides a strong platform for transformation. “Stability is not the destination,” he told the gathering. “It is the launchpad for innovation, inclusion, and digital transformation across Ghana’s financial ecosystem.”
