Ghana’s banking sector recorded strong growth in assets, deposits, and loans during the first half of 2026. Total banking sector assets increased to GHS 502.4 billion in June 2026, up from GHS 384.3 billion in June 2025. This significant expansion indicates a robust and resilient financial landscape.
The growth was primarily driven by a substantial rise in customer deposits and total advances. Customer deposits rose to GHS 370.8 billion from GHS 280.1 billion over the same period. Total advances, representing loans extended by banks, increased to GHS 124.3 billion from GHS 89.7 billion. These figures highlight increased banking activities and public confidence in the financial system.
This positive performance aligns with broader improvements in Ghana's macroeconomic conditions. Stronger export earnings, rising international reserves, and increased business activity have provided a favorable environment for the banking sector. The Bank of Ghana (BoG) has consistently worked to stabilize the economy, and these results reflect the effectiveness of various policy measures implemented over the past year.
Data released by the Bank of Ghana confirmed these trends. The banking industry maintained strong capital and liquidity positions throughout the review period. The quality of loan portfolios also improved significantly, with the non-performing loans (NPL) ratio declining to 16.1 percent in June 2026 from 23.1 percent a year earlier. This reduction in bad loans signals better risk management and healthier lending practices.
The sector remained well capitalised, with the Capital Adequacy Ratio (CAR) rising to 20.4 percent from 19.7 percent. The CAR measures a bank's capital in relation to its risk-weighted assets, indicating its ability to absorb potential losses. Improved liquidity conditions further bolstered the sector's stability. The ratio of core liquid assets to total assets increased to 32.6 percent from 28.9 percent, while core liquid assets to short-term liabilities rose to 39.4 percent from 35.3 percent. These liquidity metrics demonstrate the banking sector's capacity to meet its short-term obligations.
The sustained growth and improved financial health of the banking sector are crucial for Ghana's economic development. A strong banking system facilitates investment, supports businesses, and provides essential financial services to the population. This positive trajectory is expected to encourage further foreign and domestic investment, contributing to overall economic stability and job creation.
Policymakers and market participants will closely monitor these trends. Continued vigilance from the Bank of Ghana will be essential to maintain this momentum and address any emerging risks. The improved NPL ratio and capital adequacy suggest a more robust financial system capable of withstanding potential economic shocks. This performance sets a positive tone for the second half of 2026, with expectations of continued stability and growth in the financial sector.