Accra: The Governor of the Bank of Ghana (BoG), Dr Johnson Pandit Asiama, has announced that all 23 banks operating in Ghana are now fully capitalised, marking a significant milestone in strengthening the country's banking sector. Bank capitalisation is crucial as it ensures that banks have the necessary financial resources to absorb potential losses and maintain financial stability.
According to Ghana Web, Dr Asiama highlighted that the banking sector has become more robust and resilient, with banks maintaining sound capital and liquidity positions. He noted that the improvement in asset quality has contributed to the strengthening of banks' balance sheets. "The banking sector is also robust and resilient, with all banks now well capitalised. All 23 banks are now fully capitalised. Capital and liquidity positions remain sound, while the improvement in asset quality provides a stronger balance sheet," Dr Asiama stated during the 2026 CEOs Connect, organised by the Canada-Ghana Chamber of Commerce.
The Governor attributed these developments to Ghana's broader progress in restoring macroeconomic stability over the past two years. However, he emphasized that the gains in economic stability must now translate into increased productive investment, stronger private sector growth, higher exports, and the creation of quality jobs.
Dr Asiama also encouraged banks to deepen their participation in Ghana's capital market to enhance access to long-term financing for businesses. He explained that greater involvement in the capital market could broaden banks' access to long-term funding while strengthening transparency and corporate governance. A deeper financial system, he argued, would provide businesses with a wider range of financing options to support expansion and long-term growth.
He urged banks and businesses to explore various sources of financing, including long-term debt and equity, trade finance, syndicated lending, private equity, leasing, export finance, development finance, and green and sustainability-linked financing. These financing options, Dr Asiama said, are particularly crucial for businesses seeking to expand their operations beyond Ghana and compete effectively in international markets.
Dr Asiama concluded by stressing that the next phase of Ghana's economic recovery should focus not only on maintaining macroeconomic stability but also on ensuring that businesses have access to the capital needed to expand, create quality jobs, and drive sustainable economic growth.