Ghana’ s banking sector recorded strong growth in 2025
Ghana’s banking sector recorded strong growth performance in 2025, largely driven by growth in assets, improved profitability, and stronger financial indicators.
According to the Bank of Ghana (BoG), the sector’s total assets expanded on the back of increased domestic deposits, domestic borrowings, and shareholders’ funds.
The expansion in assets was mainly reflected in a rise in investments.
Speaking at the 128th Monetary Policy Committee press briefing on January 28, 2026, the Governor of the BoG, Dr Johnson Asiama, announced that Ghana’s Non-Performing Loans (NPL) ratio improved to 18.9 percent in December 2025, down from 21.8 percent in 2024, although it remains relatively elevated.
Non-Performing loans increasing across all categories – BoG
This, he said, demonstrates that the banking industry remains solvent, profitable, and efficient.
“The Non-Performing Loans ratio improved to 18.9 percent in December 2025 compared to 21.8 percent in 2024, although it remains elevated. Ongoing policy measures aimed at resolving legacy loans, enforcing strict credit underwriting standards, and addressing willful defaults are expected to further improve asset quality,” he said.
He added that the easing of the monetary policy rate is expected to support economic growth.
“The easing of the policy rate is expected to support credit conditions and strengthen financial intermediation going forward,” he noted.
The central bank’s ongoing policy measures are focused on resolving legacy loans, enforcing stricter credit underwriting standards, and addressing willful defaults in the banking system.
SP/AE
BoG lowers policy rate from 18% to 15.5%
Banking sector shows resilience as assets, profits grow in 2025 – BoG
Banking sector shows resilience as assets, profits grow in 2025 – BoG
