Accra:Total assets within Ghana's banking sector surged by 20.47 percent, reaching GHS500.20 billion by the end of August 2026, according to Dr. Johnson Pandit Asiama, Governor of the Bank of Ghana.
According to Ghana News Agency, this marks a substantial increase from GHS415.20 billion recorded in 2025. The growth is attributed to improvements in the banking sector, driven by favorable macroeconomic conditions and reforms implemented by the central bank.
During the 43rd Annual General Meeting of the Ghana Association of Banks held in Accra, Dr. Asiama highlighted that the Capital Adequacy Ratio improved from 18.28 percent in August 2025 to 19.10 percent in August 2026, surpassing the regulatory minimum of 13 percent. The Non-Performing Loans (NPL) ratio also improved, declining from 20.77 percent in August 2025 to 15.66 percent in August 2026.
Dr. Asiama noted that all 23 banks operating in Ghana have met the regulatory capital requirements, following restoration efforts after economic challenges and financial impairments due to the Domestic Debt Exchange Programme. While 13 banks had previously breached these requirements in 2022, interventions by various stakeholders have restored compliance across the sector.
Despite these achievements, Dr. Asiama emphasized that capital restoration alone is insufficient for long-term stability. He urged banks to enhance their business models and risk management capabilities to withstand future economic shocks. A comprehensive review of banks' business models conducted in 2025 identified vulnerabilities, and further engagement with bank leadership has been initiated. A subsequent analysis is scheduled for 2027.
The Governor also reminded banks to reduce their NPL ratios to the prudential limit of 10 percent by the end of December 2026. The Bank of Ghana plans to continue strengthening regulatory and supervisory frameworks to ensure the sector's stability and support for economic growth.