This report covers developments in the Ghanaian banking sector as at the end of April 2017. The sector comprised thirty-three (33) banks, sixteen (16) of which were under domestic control and the remaining seventeen (17) foreign-controlled.
The branch network of the banks stood at 1,377 branches as at April 2017, distributed across the ten (10) regions of the country. The performance of the banking sector for the first four months of 2017 showed some improvement relative to the same period in 2016, though some key indicators recorded declines.
The improved performance was particularly seen in the industry’s asset growth arising from significant increases in banks’ investment portfolio and a pickup in credit.
The industry’s Capital Adequacy Ratio (CAR), however, recorded a marginal decline in the review period, which reflects some resilience to absorbing losses.
