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Ghana’s banking sector is regaining momentum, with total industry assets reaching GH¢465.4 billion as of February 2026, according to the Bank of Ghana’s March Monetary Policy Report. The figures point to stronger balance sheets and an improved position within the domestic market.
Assets grew by 21 percent year-on-year. Although this marks a slowdown compared to the previous year, it reflects a shift toward more stable and sustainable expansion, supported by solid domestic asset growth and better funding conditions.
The report highlights a growing concentration in domestic assets, which now make up 93.8 percent of total industry assets, up from 88 percent a year earlier. This trend suggests banks are increasingly focused on the local market, reducing exposure to external risks.
Investment activity was a key growth driver, with total investments climbing 57.5 percent to GH¢192.8 billion. This was largely due to a surge in short-term instruments, which expanded by 130.1 percent, reflecting improved money market yields and more active liquidity management by banks.
Deposits continue to anchor the sector’s funding base, rising 18 percent to GH¢338.5 billion. The growth was mainly driven by domestic inflows, signaling increasing public confidence in the banking system.
The sector also saw a notable improvement in its capital position. Shareholders’ funds rose by 44.1 percent to GH¢60.6 billion, supported by strong profits and ongoing recapitalisation efforts.
Although credit growth slowed, analysts interpret this as a deliberate shift, with banks focusing more on asset quality and risk management amid a stabilising macroeconomic environment.
Overall, the data indicates that Ghana’s banking sector is expanding on firmer footing, strengthening its capacity to support the country’s economic recovery.