Total assets of Ghana’s banking sector increased by 20.47 per cent to GH¢500.20 billion at the end of August 2026.

The figure is an increase from w GH¢415.20 billion recorded in 2025, Dr Johnson Pandit Asiama, Governor of the Bank of Ghana (BoG), has said.

He said the growth reflected improvements in the banking sector, supported by better macroeconomic conditions and regulatory and supervisory reforms undertaken by the central bank.

Speaking at the 43rd Annual General Meeting of the Ghana Association of Banks in Accra on Thursday, Dr Asiama noted an improvement in the sector’s Capital Adequacy Ratio from 18.28 per cent in August 2025 to 19.10 per cent in August 2026, significantly above the regulatory minimum of 13 per cent.

Asset quality had also improved, with the Non-Performing Loans (NPL) ratio declining from 20.77 per cent in August 2025 to 15.66 per cent in August 2026.

Dr Asiama said all 23 banks operating in the country had met regulatory capital requirements, following capital restoration efforts after the economic crisis and financial asset impairments associated with the Domestic Debt Exchange Programme (DDEP).

He said 13 banks had breached regulatory capital requirements in their 2022 audited financial statements, but efforts involving banks, shareholders, investors, the Government and the BoG had helped restore compliance across the sector.

The Governor, however, cautioned that capital restoration alone was insufficient to guarantee long-term stability, urging banks to strengthen their business models, risk management and capacity to withstand future economic shocks.

He said the Bank undertook a comprehensive thematic review of the viability and long-term sustainability of banks’ business models in 2025, with vulnerabilities identified shared with the respective institutions.

Engagements with the boards and senior management of the affected banks had commenced, while a second round of Business Model Analysis was planned for 2027.

Dr Asiama said the reviews were intended to ensure that banks maintained sustainable business models and adequately identified, measured, monitored and managed risks embedded in their operations.

He also reminded them of the requirement to reduce their NPL ratios to the prudential limit of 10 per cent by the end of December 2026.

The Governor said the central bank would continue to strengthen its regulatory and supervisory frameworks to preserve the gains made by the banking sector and ensure that stronger balance sheets translated into sustainable operations and greater support for productive economic activity.