Banking Sector Assets Rise to GH¢465.4bn in February 2026
Ghana’s banking sector is steadily regaining traction, with total industry assets reaching GH¢465.4 billion as of February 2026, according to the March Monetary Policy Report published by the Bank of Ghana.
The latest data suggests a sector on a firmer footing, supported by stronger financial positions and improved competitiveness within the domestic economy.
On a year-on-year basis, total assets expanded by 21 per cent. Although this marks a slower pace compared to the previous year, it reflects a shift toward more measured and sustainable growth, largely driven by increased domestic asset build-up and better funding conditions.
A notable trend captured in the report is the rising share of domestic assets in banks’ portfolios. These assets constituted 93.8 per cent of total industry assets, up from 88 per cent recorded a year earlier—indicating a stronger domestic orientation and reduced susceptibility to external risks.
Investment activity was a key contributor to the sector’s growth momentum. Total investments surged by 57.5 per cent to GH¢192.8 billion, primarily driven by a significant increase in short-term instruments, which grew by 130.1 per cent. This development reflects improved returns in the money market and more efficient liquidity management by banks.
Deposits continued to serve as the backbone of the sector’s funding structure, rising by 18 per cent to GH¢338.5 billion. The growth was largely supported by domestic deposits, pointing to a gradual restoration of public confidence in the banking system.
The sector’s capital position also recorded strong improvement. Shareholders’ funds rose by 44.1 per cent to GH¢60.6 billion, bolstered by solid earnings performance and ongoing recapitalisation measures.
However, credit expansion moderated during the period. This is widely viewed as a cautious and deliberate move by banks, as they prioritise asset quality and strengthen risk management practices amid a stabilising macroeconomic environment.
Overall, the figures underscore a banking sector that is expanding on more solid and resilient fundamentals, placing it in a stronger position to support Ghana’s broader economic recovery.
