• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Banking & Finance

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

19 minutes ago
in Banking & Finance, Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
2
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

The overall soundness of Ghana’s banking sector remained robust in 2024, underpinned by strong profitability, adequate capital buffers, and enhanced operational efficiency, the 2024 Financial Stability Review has revealed.

The review, published by the Bank of Ghana, noted that the Banking Sector Soundness Index (BSSI) closed the year above its long-term trend, signalling a marked improvement in the sector’s resilience.

According to the report, this development reflects the impact of regulatory relief measures introduced under the Domestic Debt Exchange Programme (DDEP), a rebound in earnings, improved liquidity, and greater cost-efficiency within the sector.

However, it cautioned that key vulnerabilities persist, particularly the high stock of Non-Performing Loans (NPLs) and the undercapitalisation of a few banks. These risks are expected to ease with ongoing recapitalisation efforts, continued macroeconomic recovery, and improved risk management frameworks being implemented by banks.

Liquidity Conditions Improve

Liquidity conditions in the banking industry were broadly favourable in 2024. The ratio of broad liquid assets (comprising cash and investments) to total assets rose to 66.9% in December 2024, up from 65.7% in the same period of 2023.

RelatedPosts

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

Similarly, the ratio of broad liquid assets to short-term liabilities increased marginally from 79.5% to 80.1% over the same period, indicating the sector’s sustained ability to meet short-term financial obligations.

Cost Efficiency Returns to Pre-DDEP Levels

On the operational front, the sector’s cost-efficiency metrics showed considerable improvement. The cost-to-income ratio declined to 79.1% in 2024 from 80.1% in 2023, reversing the sharp deterioration recorded in 2022 when the ratio peaked at 120.8% due to DDEP-related adjustments.

The moderation in the ratio, the report noted, reflects a slowdown in operational expenditure growth and limited impairment charges associated with the ongoing Eurobond restructuring.

The central bank has reiterated its commitment to closely monitoring the sector and supporting initiatives aimed at bolstering stability, including the recapitalisation of vulnerable banks and enhancing supervisory frameworks.

Tags: Adequate Capital BuffersBanking Sector Soundness Remains Robust in 2024 Amid Strong Profitability

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

Sha’Carri Richardson Withdraws from US Trials Following Arrest

From Singuluma to El Kaabi: Can CHAN 2024 Unleash the Next Hat-trick Hero?

Ghana to Welcome King’s Baton Relay on August 8 Ahead of 2026 Commonwealth Games

RMA Demands Public Inquiry into Unibank Collapse, Slams AG’s Decision to Drop Charges

Trending

Features

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

August 2, 2025

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe The Ghana Airports Company Limited (GACL) has officially...

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

August 2, 2025

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

August 2, 2025
Bank of Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

August 2, 2025

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

August 2, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.